Predeposit prescriptions by DHC
The Delhi High Court in (2024] 470 ITR 493 (Del) held that : A. there is no predeposit prescription requiring…
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Today's
54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's Club expenditure ......Read More
Yesterday's Club expenditure ......Read More
No fetters on AO in dealing with stay applications
From time to time CBDT issue departmental instructions, administrative circulars or memorandum for guidance of its officers in the matter…
......Read MoreAO not bound by departmental instruction for 20% payment as a precondition for grant of stay pending appeal
From time to time CBDT issue departmental instructions, administrative circulars or memorandum for guidance of its officers in the matter…
......Read MoreThe 20% payment condition for grant of stay is no hard and fast rule
In the matters of recovery of demands the Telangana High Court in [2023] 457 ITR 560 (Telangana) taking note of…
......Read MoreDirectors of NCLT lead companies held accountable for tax arrears of companies
Section 179 provide for recovery of taxes from directors in the event of no recovery possibilities from the company. Taking…
......Read MoreCandid stay
In the matters of grant of stay the authorities have to exercise their wisdom keeping into account interest of both…
......Read MoreHow to fight a case for stay of demand ?
In a demand case scenario all these years the taxpayer move the Assessing Officer as well the Principal Commissioner simultaneously.…
......Read MoreAn act in terrorem
In [2022] 445 ITR 622 (Raj)the CPC adjusted the refund against the demand in dispute before Commissioner ( A). The High…
......Read MoreTDS mismatch could mean loss of interest
There is a provision in section 244A(2) by which a taxpayer is deprived of interest on refund for any noticeable…
......Read MoreReliance blocked from taking benefit of Vivad Se Vishwas scheme
In explaining the avowed object of the Direct Tax Vivad Se Vishwas Act the High Court in [2022] 441 ITR…
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