Constitution of HUF
The Bombay High Court in the case of CIT v. J. R. Lalwani(108TAX413) reiterated the well settled law laid down…
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Today's
Wrong reopening ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Clubbing of Spouse Income
In the case of CIT v. Smt. Pratima Saha (108TAX7) the assessee was drawing a salary as nurse cum supervisor…
......Read MoreWaiver Application u/s 220(2A)
In allowing the writ petition of the assessee in the case of J. Jayalalitha v. CIT the Madras High Court…
......Read MoreObligations of Surety
In a case before the Allahabad High Court the petitioner, who stood surety to pay income tax, wealth tax and…
......Read MoreService Of Notice- Dept. To Substantiate Evidence
It was a case of a trust that denied its liability in respect of a demand notice issued by the…
......Read MoreBudget 2002- Clever Amendment
Dividend exemption is proposed to be withdrawn after 31st March 2002 with a simultaneous withdrawal of 10.2% dividend tax. Let…
......Read MoreBudget 2002 – Pay Your Advance Tax Properly
Until now the Act authorize an assessing officer to send a demand for payment of advance tax to an existing…
......Read MoreBudget 2002-Unreasonable Amendment
In a retrospective amendment proposed both under section 115JA and section 115JB the set off otherwise permitted for either unabsorbed…
......Read MoreBudget 2002- Additional Depreciation
In an amendment made under section 32 of the income tax Act, 1961 it is provided that new industrial undertakings…
......Read MoreBudget 2002- Compensation for restraint on trading or on exercise of profession made taxable
Until now receipts of such nature were treated as capital in nature by the Courts. . In one such case…
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