non-resident commission agents qua source rule
Following Supreme Court decision in CIT v. TOSHOKU LTD. [1980] 125 ITR 525 and the source rule principle the Karnataka…
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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
FTS ancillary clause under USA treaty
The AAR in [2021] 434 ITR 101 (AAR) dealt with range of service agreements between sister concerns to ascertain application…
......Read Moreobjects of the donor and the donee should be identical
The Allahabad bench of the ITAT in [2021] 88 ITR (Trib) 44 (ITAT[All] held that to be entitled to exemption…
......Read MoreGifts from relatives
In the matter before the High Court in ( 2021] 433 ITR 57 (Tripura) it was found that in the…
......Read MoreTax authorities are expected to be open minded in their approach in condoning delays – Delhi Tribunal Decision score over High Court view
The tax report at [2021] 433 ITR 177 (Kar) involved bunch of cases of cooperative societies who defaulted in filing…
......Read MoreAttachment/Withholding of refund -No Court Remedy
Section 241A bestow discretion to the AO to withhold a refund determined under section 143(1) given that a notice is…
......Read MoreDRP forum failing in its purpose
The DRP Panel has been set up with a view to providing speedy disposal of cases in a fair and…
......Read MoreWhat can be used as evidence against the assessee?
The AO noted in the assessment order receipt of a final report from investigation intimating that 48 parties were operating…
......Read MoreUnutilised amount under capital gains account scheme
Vide (2020] 15 ITR-OL 198 (Kar) if only a part of the amount deposited in the Capital Gains Account Scheme…
......Read MoreLegal method of recovery
There is a mandate in the law that a copy of the notice issued to the garnishee should be forwarded…
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