Compounding charges /Payments to MCD/DDA under mixed use regulations
In the report titled 2012] 20 ITR (Trib) 727 (ITAT[Del] the assessee made a payment to the Municipal Corporation of…
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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
difference between accounts and books of account
Deleting an addition on account of deposit of cash in bank account the Tribunal in [2019] 14 ITR (Trib)-OL 785…
......Read MoreAdditional ground statutory deduction
The delhi ITAT in [2021] 23 ITR (Trib)-OL 170 (ITAT[Del]) admitted an additional ground no matter not pressed before the…
......Read MoreFailure to make disclosure – contractor case
In (2021] 433 ITR 48 (Mad) the assessee contractor followed the percentage of completion method of accounting for recognition of…
......Read MoreAssessing/Appellate authority is not taxpayer’s ‘opponent
The Madras High Court in State of Tamil Nadu v. Arulmurugan and Co. [1982] 51 STC 381,392 in explaining the…
......Read MoreRule of consistency
The Supreme Court in [2015] 5 ITR-OL 277 (SC) held that rule of consistency is supreme unless the revenue could…
......Read MoreAssessing/Appellate authority is not taxpayer’s ‘opponent
The Madras High Court in State of Tamil Nadu v. Arulmurugan and Co. [1982] 51 STC 381,392 in explaining the…
......Read MoreTreaty shopping within framework of law
The AAR in [2021] 434 ITR 180 (AAR) is required to answer a question whether the capital gains on the…
......Read MoreTelescoping of expenses and matching principle benefit entitlement in a search case
Here is a case of a real estate dealer reported at [2021] 434 ITR 97 (Kar) in whose case the…
......Read Moreomnibus show-cause notice
The full bench of the Bombay High Court in [2021] 434 ITR 1 held that penalty initiation during assessment proceedings…
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