Day: October 14, 2011
33 articlesIncome Tax
Income Tax
Assessee is entitled to depreciation on Wind Electric Generators from the date on which it was installed and commissioned
Income Tax
Income Tax
If AO has not applied his mind while passing the order and did not call for the required details for completing the assessment, initiation of proceedings u/s 263 in such circumstances is valid
Income Tax
Income Tax
No addition can be made for the difference in the receipts as per TDS certificate and as per the books of account when the difference is on account of service tax
Service Tax
Service Tax
Service Tax – Retailers Association of India vs. Union of India & Ors. (Supreme Court)
Income Tax
Income Tax
When the assessee successfully explains the source of share application money, the additions made u/s 68 are not sustainable
Income Tax
Income Tax
The assessee shall be entitled to admissible business expenses from the day when the business was ready to commence and not from the date of actual commencement of the business,
Income Tax
Income Tax
S. 50C -Fair Market Value assessed by DVO to be adopted even if its lower than stamp duty valuation
Income Tax
Income Tax
Income from commission is business income, not income from other sources
Income Tax
Income Tax
When assessee reverses a unilateral write back of dues payable to a vendor to its P & L account, the liability is to be treated as contingent liability
Income Tax
Income Tax
Different business of the assessee can not be considered separately for the purpose of calculating the deductions under Section 80 HHC of the Act
Income Tax
Income Tax
Sharing of office premises among the concerns is permissible when only one concern claims the deduction
Income Tax
Income Tax
When the assessee did not claim the additional depreciation in the return of income, it cannot be denied merely on such basis
Income Tax
Income Tax
Transfer Pricing – Initial burden is upon the assessee to prove the reasonableness of the method followed by the assessee-company
Income Tax
Income Tax
