Month: October 2015
474 articlesIncome Tax

Income Tax
Issue of notice u/s 143(2) before finalisation of reassessment order is mandatory
Income Tax

Income Tax
Ad-hoc provision for transit breakage is contingent liability & not required to be recognised as per AS- 29 of ICAI
Income Tax

Income Tax
Sec. 10B Interest on FDRs on margin kept in bank for utilization of letter of credit limits is business Income
Income Tax

Income Tax
Search at house of partner cannot be deemed as search on assessee firm
Income Tax

Income Tax
Voluntary disclosure does not release assessee from mischief of penal proceedings
Excise Duty

Excise Duty
Clarification regarding Self-sealing and self-Examination of Bulk cargo -reg
Income Tax

Income Tax
Adhoc disallowance of expenses without finding any specific defects in books of account not justified
Income Tax

Income Tax
S. 80IB(10) -Canopy/ Porch cannot be treated as part of Built up Area as it is not habitable
Income Tax

Income Tax
Expenses not charged to P&L cannot be adjusted to income in TP adjustment
Income Tax

Income Tax
