Section 197 arbitrary order
The non resident company operating in international air traffic and enjoying treaty benefits having no taxable income sought a certificate…
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Today's
Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Short TDS deduction leading to disallowance
The Hyderabad bench of ITAT in [2022] 26 ITR (Trib)-OL 88 held that section 40(a)(ia) is applicable only in those…
......Read MoreAuto component industry – product perfection/ development expenses held revenue
The taxpayer in[2020] 16 ITR-OL 468 (Mad) made claim for deduction of large expenditure totalling 11 crores on perfecting the…
......Read MoreTaxpayer can make good deficiencies in reassessment proceedings
In[2020] 15 ITR-OL 729 (MP) the revenue audit party pointed certain deficiencies in the taxpayers computation as regard claim for…
......Read MoreReopening qua short deduction of tax on payments to non residents
The disallowance scheme of section 40 come into effect as soon as there is any instance of default in deduction…
......Read MoreHow to make judgement of section applicable for TDS
In the context of payment to retainer/consultants employed by the hospital to work from7.30 a.m. to 5.30 p.m. every day…
......Read MoreSection 80AC held hyper technical, cannot go against the law
Vide ( 2022] 440 ITR 135 (Kar) the assessee withdrew claim for deduction under chapter VIA in revised return but…
......Read MoreCapital subsidy/capital receipt and MAT
Vide (2021] 92 ITR (Trib) 599 (ITAT[Gau]) a capital subsidy is also held to be exempt from mat. In…
......Read MoreAdditional evidence in prejudice situation qua taxpayer
In the tax case report (2021] 91 ITR (Trib) 597 (ITAT[Jai]) the AO issued show-cause notice dated December 24, 2010,…
......Read MoreProfessional education has charitable character
In the context of income tax law education per se is considered to be charitable in nature. Currently much of…
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