Late Filing- Power to Condone
Every Act lay down certain period of limitation as regard filing of appeals. applications etc. Also in most of the…
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Today's
Directors of NCLT lead companies held accountable for tax arrears of companies ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Revision Application u/s 264- Commissioner’s Role
The Calcutta High Court in the case of City Express Super Market v. CIT (118TAX248) held that in disposing of…
......Read MoreDisposal of Stay Applications- Parameters Laid Down
Often it is found that the revenue authorities reject stay petitions before March 31 only as a reason to enforce…
......Read MorePowers & Duty of AO
The Income-tax Officer is not fettered by technical rules of evidence and pleadings, and that he is entitled to act…
......Read MoreTime of income accrual- Worth Exploring
Under Income tax Act any income is taxable at the point of its accrual irrespective of actual receipt. For any…
......Read MoreAdvance tax payment defaults- Bonafide case
In a case before the Bombay High Court of CIT v. Sulphur Refinery (P.) Ltd. (105TAX400) the assessee had filed…
......Read MoreProcess of appeal made nugatory and ineffective- held as excessive, unwarranted and unreasonable
In a very fine ruling the Mumbai Bench of the Tribunal in the case of RPG Enterprises Limited v. Dy.…
......Read MoreSearch Action- Scope
In the course of survey conducted u/s133A the authorities seized books of account and certain documents in the case of…
......Read MoreDisplay of Hoardings
The Calcutta High Court in the case of Mukherjee Estate ( P ) Ltd. v. CIT (113TAX313) held that putting…
......Read MoreInvestible funds & investment period – Limitations, if any
The Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction under…
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