Month: May 2012
508 articlesIncome Tax
Income Tax
Section 14A – Onus on AO to show expenditure incurred to earn tax-free income
Income Tax
Income Tax
HC Reverses Law on Supply of Reasons for Reopening – Need not be supplied within limitation period
Income Tax
Income Tax
Despite borrowing, gains on shares assessable as STCG & not business profits
Income Tax
Income Tax
Tests to determine where shares gain is capital gains or business profits
Income Tax
Income Tax
Section 14A & Rule 8D Disallowance Not Automatic
Income Tax
Income Tax
Despite concealment Penalty U/s. 271(1)(c) can not be imposed if book profits assessed U/s. 115JB
Income Tax
Income Tax
Share Transactions Income – Capital Gain or Business Income – Criteria
Income Tax
Income Tax
TPO Cannot question business purpose of transaction
Income Tax
Income Tax
Taxes levied in foreign countries on profits or gains is deductible u/s 37(1)
Income Tax
Income Tax
