DELAY 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…
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Today's
54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's Club expenditure ......Read More
Yesterday's Club expenditure ......Read More
On 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…
......Read MoreTravesty of justice scenario in valuation of shares
In the matter of complex subject of valuation of shares the Bombay High Court in 164DTR 257 has held that…
......Read MorePremium on forward contract – capital purchases
On the question of whether the amount of premium paid for hedging foreign exchange fluctuations on foreign currency loan taken…
......Read MoreFine /penalty nature of payments
The P & H High Court in 311ITR336 held that a penalty or fine paid under any law would not…
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