Disposal of Stay Applications- Parameters Laid Down
Often it is found that the revenue authorities reject stay petitions before March 31 only as a reason to enforce…
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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
Powers & Duty of AO
The Income-tax Officer is not fettered by technical rules of evidence and pleadings, and that he is entitled to act…
......Read MoreTime 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…
......Read MoreAdvance 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.…
......Read MoreSearch Action- Scope
In the course of survey conducted u/s133A the authorities seized books of account and certain documents in the case of…
......Read MoreDisplay of Hoardings
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…
......Read MoreDISPUTED INCOMES
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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