Benami property provisional attachments
The High Court in (2023] 21 ITR-OL 509 (Mad) declined to interfere with the provisional attachment order made by the Dy…
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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
New procedure
The High Court upon their reference to Apex Court decision in Union of India v. Ashish Agarwal [2022] 444 ITR…
......Read MoreRetraction of statements recorded under section 132(4) ought to be immediate, finally rules Supreme Court
A search by the income tax party is followed by recording of statement u/s 132 (4) of persons searched. …
......Read MoreSlip up in Proviso to Section 201(1) and Form 26A
2023 149 taxmann.com 256 (Article) (00000002)
......Read MoreUrgent need for issue of an instruction by CBDT for blanket stay in section 263 bound assessments
Section 263 empower commissioner of income tax to order for fresh assessment or revision of previous assessment framed provided such…
......Read MoreLoss from Writing off investments in subsidiary to promote top line is admissible under law
Where the assessee company makes investment in its 100 per cent. subsidiary for extension of business marked by additional capacities in…
......Read MoreBar on direct demand against Deductee – Jus in re
[2023] 149 taxmann.com 134 (Article)
......Read MoreEyewash proviso
In a case of transaction of purchase of immovable property from a non resident it is mandatory to deduct tax…
......Read MoreBig fat weddings
Destination wedding are not uncommon these days some of which are quite on a fat scale. In the run up…
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