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The Ahmedabad Bench of the Tribunal in the case of DCIT v. Gujarat Filaments Ltd. (108TAX287) held that the assessing…
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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
Principles of Natural Justice
1.Principle of Res Judicata It is generally practiced that each assessment year is unit in itself and thus not…
......Read MoreTenancy Rights
The Ahmedabad Bench of the ITAT in the case of Vipinchandra V. Bavisi v. ACIT (108TAX249) held that amount received…
......Read MoreCentral Subsidy
Following the Apex Court ruling in the case of CIT v, P. J. Chemicals Ltd. (210ITR830) the Bombay High Court…
......Read MoreGround for reopening cases
More than one Court in the case of CWT v. C. Seshachalam Chetty (108TAX570) , 101DTR244,209, 393ITR658 have held that…
......Read MoreIssue of Summons/notice without application of mind
In explaining the significance of powers enshrined u/s 131(1) of the Income-tax Act the Bombay High Court in the case…
......Read MoreMerger Effect of Appellate Order
The Allahabad High Court in the case of CIT v. Sir Shadi Lal Enterprises Ltd. (108Tax543) reemphasized the settled law…
......Read MoreInsurance Money
In the case of CIT v. Needle Industries (India) Ltd.(108TAX524) the assessee is reimbursed for the loss of raw materials…
......Read MoreTax Free Incomes In Business- Fate of Related Expenditure
In CIT v. Indian Bank Ltd. [1965] 56 ITR 77 (SC), the assessee had income from interest on securities, both…
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