Time of income accrual- Worth Exploring
Under Income tax Act any income is taxable at the point of its accrual irrespective of actual receipt. For any…
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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
Advance tax payment defaults- Bonafide case
In a case before the Bombay High Court of CIT v. Sulphur Refinery (P.) Ltd. (105TAX400) the assessee had filed…
......Read MoreProcess of appeal made nugatory and ineffective- held as excessive, unwarranted and unreasonable
In a very fine ruling the Mumbai Bench of the Tribunal in the case of RPG Enterprises Limited v. Dy.…
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In the course of survey conducted u/s133A the authorities seized books of account and certain documents in the case of…
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The Calcutta High Court in the case of Mukherjee Estate ( P ) Ltd. v. CIT (113TAX313) held that putting…
......Read MoreInvestible funds & investment period – Limitations, if any
The Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction under…
......Read MoreMAT- deductions permissible
The Bombay High Court in their ruling in the case of CIT v. Echjay Forgings Pvt. Ltd. (251ITR15) held that…
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In the light of the Patna High Court ruling in the case of H.P. Biswas &Co. v. CIT (105TAX469) it…
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In the case of Commissioner of Income-tax Vs. Seshasayee Bros. (P.) Ltd. (239ITR471) the assessee who entered into a managing…
......Read MoreStatutory liability and contractual liability.
In the case of Deputy Commissioner of Income-tax vs. Esquire Video Film Services (P.) Ltd (74ITD57) the assessee who followed…
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