Day: February 6, 2011
36 articlesIncome Tax
Income Tax
Depreciation cannot be allowed on membership card of Stock Exchange
Income Tax
Income Tax
Assessment beyond a period of four years can not be re-opened where there is full and true disclosure of all material facts by assessee
Income Tax
Income Tax
If assessee has made a full and true disclosure of all material facts for his assessment, action of re-opening assessment beyond a period of four years would stand barred
Income Tax
Income Tax
A dress designer is an artist for purposes of section 80RR
Income Tax
Income Tax
Donations out of 15 Percent accumulation permitted under section 11(1)(a) are not to be restricted by Explanation to section 11(2)
Income Tax
Income Tax
Determination of ALP- TNM Method requires comparison of net profit margins and not operating margins of enterprises
Income Tax
Income Tax
Ingredient about a bona fide claim is that assessee should be able to show or prove some intermediate steps in whole process of transaction
Income Tax
Income Tax
If assessee had claimed certain depreciation to which it was not entitled, recognition under section 80G cannot be denied
Income Tax
Income Tax
Mere making a claim which is incorrect in law not amounts to giving inaccurate particulars
Income Tax
Income Tax
When assessee commits default under a bona fide belief which is rectified by filing a revised return, it cannot be held liable for penalty under section 271(1)(c)
Income Tax
Income Tax
Expenses incurred for setting up of a new unit in expansion of an existing business are allowable as revenue expenses
Income Tax
Income Tax
Assessee in garb of entering hedging transaction cannot seek to enter into speculative transaction in any stocks or shares other than one held by him as inventory
Finance
Finance
Mere membership of banned organisation not a crime- Supreme Court
CA, CS, CMA
CA, CS, CMA
