Day: July 29, 2015
36 articlesIncome Tax
Income Tax
Business claim allowable in the year in which it is incurred and not in the year of write off
Income Tax
Income Tax
Addition merely based on inference drawn from documents seized from third party is not valid
Income Tax
Income Tax
Documents supporting a Transaction cannot be accepted as genuine where fundamental transaction is shown to be sham
Income Tax
Income Tax
Section 154 can not be applied if a debatable point involved
Income Tax
Income Tax
Validity of summon order passed by trial court and criminal proceedings u/s 279(1) r.w. section 276D
Income Tax
Income Tax
Failure to supply reasons recorded by AO u/s 148 will make whole assessment proceedings void
Income Tax
Income Tax
Mere error would not confer jurisdiction to exercise revisional power U/s. 263
Income Tax
Income Tax
Penalty u/s 271AAA not justified, if A.O. makes assessment on actual income disclosed u/s 132(4)
Income Tax
Income Tax
Onus to prove Third party documents found during search is on department
Income Tax
Income Tax
Addition u/s 68 for mere high premium on issue of shares not valid
Income Tax
Income Tax
If remand report given by AO is without any adverse comments then appeal of revenue would be dismissed
Income Tax
Income Tax
Transfer Pricing- Companies having abnormal cost cannot be taken as comparable
Income Tax
Income Tax
In transfer pricing 2 companies can be compared only if they are functionally comparable
Income Tax
Income Tax
