Conflict between test of commercial expediency and test of business compulsion
The Cuttack in 20 ITR (Trib)-OL 1 raised the question on the business compulsion of the assessee for incurring an…
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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
Uncontroverted and protected right to appeal and to file application for stay of demand
Vide Dwarka Minerals & Chemicals (P.) Ltd. v. CCE(A) [1997] 93 ELT 330 (Punj. & Har.) where the appellate authority…
......Read MoreDELAY AND LACHES IN SCRUTINY PROCEEDINGS
In carrying out the indepth scrutiny and run through of the sequence of dates and events of the scrutiny proceedings…
......Read MoreOn Jurisdiction and powers of Tribunal
The jurisdiction of the Tribunal in issuing certain directions while remanding the matter to the Assessing Officer are held as…
......Read MoreOmission in tax audit report
Tax audit report is an annexure to the return of income so that if there is any omission to furnish…
......Read MoreNew claim new possibilities
The Madras High Court in 16ITR-OL 1 held that appellate authorities like CIT (A) and ITAT are bound under the…
......Read MoreStrict rule to grant of IT exemption
Vide (2020)16 ITR-OL 394 the Gujarat high court held that at the time of registration of the trust under section…
......Read MoreWhat is not royalty in nature could be FTS nature
The Bombay High Court in 304ITR201 in the context of a company in diamond market held that consideration received by…
......Read MoreMaterial Repairs other than current repairs
In the context of repairs expenses incurred by a hotel the Cochin SMC bench in a detailed order in 18…
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