Day: September 19, 2015
15 articlesService Tax
Service Tax
No penalty where issue involved is predominantly and legally interpretative in nature: HC
Income Tax
Income Tax
Compensation received towards damage to the land is capital receipt
Income Tax
Income Tax
Where all critical functions & risk is assumed by AEs, it is not permitted to re-characterize the facilitation service provided as trading activity
Income Tax
Income Tax
Imputed interest computed on deemed loan resulting from issue of equity shares less than the fair market value is not legally sustainable
Income Tax
Income Tax
TDS not applicable on Wheeling & Transmission charges u/s 194J/194I if agreement entered is on principal to principal basis
Income Tax
Income Tax
There must be Validity of application filed before Settlement Commission
Income Tax
Income Tax
The assessee was not bound if the acceptance of disallowance is not conceded in the original return of income
Income Tax
Income Tax
Failure of A.O. to dispose objections raised render re-assessment invalid
Income Tax
Income Tax
Any tax/duty paid in later year can be capitalized in the year in which obligation to pay arose
Income Tax
Income Tax
Sec. 40(b)(v)- ‘Allocable profit’ means book profit before partner’s remuneration: HC
Income Tax
Income Tax
Addition based on third party evidence not tenable if no evidence found from assessee
Income Tax
Income Tax
Assessment order liable to set aside, if JCIT approval is without application of mind
Income Tax
Income Tax
CIT cannot revoke section 263 when AO adopts one view out of two possible views : HC
Income Tax
Income Tax
