Other Sources – Page 3 – Daily Tax Reporter

1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

Today's

Other Sources
Wrong reopening ......Read More

Yesterday's

Business
In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More

Other Sources

Dividend & Interest Income

Sep 4, 2020 CA Gopal Nathani

The Madras High Court in the case of CIT v. West Coast Electric Supplies Corpn. Ltd. (109TAX54) reversed the decision…

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