Month: February 2011
602 articlesIncome Tax
Income Tax
The assessee is not entitled to adjustment of 5 per cent as stipulated u/s 92C(2), where only one of the several methods specified u/s 92C(1) is applied by the assessee to determine the ALP
Income Tax
Income Tax
Computation of gross profit margin should be based on audited accounts and should not be a notional figure.
Income Tax
Income Tax
TPO cannot reject TP method adopted by assessee on the ground that the comparables are wrongly chosen
Income Tax
Income Tax
DRP must not have "perfunctory approach"- Delhi High Court
Income Tax
Income Tax
Exemption U/s. 10(23C)(vi) cannot be denied merely because there is a surplus
Income Tax
Income Tax
Delhi HC rules block assessment order on protective basis Permissible even for block assessment u/s 158BC and 158BD
Income Tax
Income Tax
Salary taxable only if it accrues in India – rules Bangalore Tax Tribunal
Income Tax
Income Tax
Revision under Section 263 Void If Contrary to Consistency Law
Fema / RBI
Fema / RBI
Analysis of RBI discussion paper on Presence of Foreign banks in India
Goods and Services Tax
Goods and Services Tax
