Day: February 25, 2011
90 articlesIncome Tax
Income Tax
Penalty proceedings – Whenever an addition/disallowance is made, initial burden is upon assessee to prove that it is not his concealed income or he has not furnished inaccurate particulars of such income
Excise Duty
Excise Duty
Service of maintenance and repair should be under a Maintenance or Repair Contract/Agreement to attract levy of service tax prior to 16-6-2005
Income Tax
Income Tax
TPO can compute ALP after giving assessee opportunity to produce evidence in support of ALP computed by him
Income Tax
Income Tax
Assessment of rental income- For purpose of assessment under head “profit and gains of business or profession”, it shall be necessary that property acquired and used is for commercial purpose under business activity
Income Tax
Income Tax
To avail the benefit of s.57(iii) is that investment must be proper & justified
Income Tax
Income Tax
Before invoking provisions of section 153A it would be necessary to comply with provisions of section 132(1) of the Income Tax Act, 1961
Service Tax
Service Tax
Space-selling service- Any services provided by any person to any other person in relation to sale of space would be taxable from 1-5-2006 and not prior to that date
Income Tax
Income Tax
A low rate of gross profit, in absence of any material pointing towards falsehood of accounts books, cannot by itself be a ground to reject account books under section 145(3)
Corporate Law
Corporate Law
On invocation of action under section 13 of Securitisation Act by secured creditor, reference before BIFR would abate by virtue of third proviso to section 15(1) of SICA
Income Tax
Income Tax
Special Auditor, to whom work is assigned, is very much at liberty, to insist upon payment of such fee/remuneration as he may deem adequate for work assigned to him
Income Tax
Income Tax
Penalty attracted If claim made by assessee besides being incorrect in law and malafide
Income Tax
Income Tax
Rectification of computational error- A simple computational error can be resolved by rectifying an order of assessment under Section 154(1)
Goods and Services Tax
Goods and Services Tax
Court should provide its own grounds and reasons for rejecting claim/prayer of a party
Excise Duty
Excise Duty
