Revised Return- Effect after Survey/Enquiry by the Revenue
Normally a revision of return is made for making claims for deductions or exemptions that were omitted to be made…
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Opportunity or adequate opportunity —- the unsolved question!! ......Read More
Yesterday's Gross breach of natural justice ......Read More
Yesterday's Gross breach of natural justice ......Read More
Principle of double taxation
Rowlatt J. in Commissioners of Inland Revenue v. Frank Bernard Sanderson 8 T. C. 38, 44, 45. (1921) in a…
......Read MoreDefect in Appeal- Only of Academic Interest
An appeal before the Commissioner (Appeals) shall ordinarily be presented within thirty days of the order of assessment, but the…
......Read MoreStay application- Learning for the Assessing Officer
In Bhubneshwar Stock Exchange v. Union of India (2004) 137TAX 318 the demand in dispute related to issues that had…
......Read MoreDiscrepancy in bank statement (stocks)- Deliberate or not deliberate
In CIT v. Punjab Rice & General Mills (2004) 137TAX314 the assessing officer made certain addition to the income on…
......Read MoreAmalgamation expenses are allowable deduction
The Gujarat High Court in CIT v. Akme Electronics & Control (P.) Ltd. (2004) 137TAX263 allowed deduction of legal expenses…
......Read MoreIf not bad debt then trading loss
In CIT v. Sree Ganesh Stores (2004) 137TAX261 the Madras Tribunal was persuaded to hold that the result of the…
......Read MoreCapital or revenue- Contribution for Building Construction
In CIT v. Rajasthan Spg. & Wvg. Mills Ltd. (2004) 137TAX249 the assessee running a textile mill set up an…
......Read MoreOrder u/s 210(3) – Requiring payment of advance tax
In Punjab Tractors Ltd. v. Asstt. CIT (2004) 137TAX211 the assessing officer demanded advance tax on the basis regularly assessed…
......Read MoreTransfer of incorporeal rights – Eligible for section 80HHC Deduction
In Abdulgafar A Nadiadwala v. Asstt. CIT (2004) 137TAX112 the assessee transferred overseas film telecasting rights for a period of…
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