Month: October 2012
423 articlesIncome Tax
Income Tax
Validity of penalty imposed u/s 271(1)(c ) for disallowance of expenses u/s 35D
Income Tax
Income Tax
If Quantum Appeal admitted by Court, penalty proceedings u/s 271(1)(C ) may be kept in abeyance till decision of Court on merits
Income Tax
Income Tax
Low Tax Effect Circular not applies to pending appeals – Karnatka HC
Income Tax
Income Tax
No addition for shortage in excisable goods if no discrepancy found by Excise Authorities
Income Tax
Income Tax
Reopening on the basis of information of accommodation entries justified
Income Tax
Income Tax
Business Expense not deductible against rent income in the absence of business activity
Income Tax
Income Tax
Interest income linked with power plant set up is capital receipt not revenue receipt
Income Tax
Income Tax
S. 263 CIT can revise AO’s order of taxing receipt as ordinary income instead of taxing it u/s. 44BB
Income Tax
Income Tax
Inclusion of ‘closing amount of Modvat’ in closing stock without modifying figures of purchases, sales & opening stock not justified
Income Tax
Income Tax
