Month: February 2011
602 articlesIncome Tax
Income Tax
Section 127 mandates that assessee must be given a reasonable opportunity of being heard while exercising power to transfer cases
Income Tax
Income Tax
There is no provision in section 148(1) stating that after objection is received, a detailed order of rejection has to be passed before passing final order of reassessment
Income Tax
Income Tax
Proceedings u/s 163 are only intended to ensure that a person can be regarded as a representative assessee only on existence of certain conditions
Finance
Finance
Limitation to proceed U/s. 13 (2) & 13 (4) of SARFAESI Act, 2002?
Income Tax
Income Tax
No disallowance can be made in case of payment to non-residents in view of Article 26(3) of the DTAA between India and the USA
Income Tax
Income Tax
Interest on Non Performing Assets which is doubtful of recovery, taxable on receipt basis
Income Tax
Income Tax
Capital gains arising from transfer of the Development right to attract the provisions Section 50C of the Act
Income Tax
Income Tax
Continuing debit balance is not an “international transaction”
Income 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
