Day: July 10, 2022
59 articlesIncome Tax
Income Tax
No addition for mere registration of property in Assessees name without actual transfer of money
Income Tax
Income Tax
100% Section 80IAC deduction on Substantial Expansion after Expiry of 5 Years of setting up of new industry
Income Tax
Income Tax
Credit for TDS deducted cannot be denied for non-payment by Deductor
Income Tax
Income Tax
ITAT restricts disallowance of Car expenses to 15% for personal use
Income Tax
Income Tax
Interest rate on unsecured loan cannot be compared with interest rate on bank loan
Income Tax
Income Tax
Trust not registered U/s 12AA- AO directed to allow expenditure & Tax Surplus
Custom Duty
Custom Duty
Arbitrary valuation of goods not subjected to BIS specifications is invalid
Income Tax
Income Tax
Penalty not leviable if foundation for levy itself is crumbled
Income Tax
Income Tax
Sale of Renewable Energy Certificate (Carbon Credit) is capital receipt
Income Tax
Income Tax
TDS not deductible on freight charges if PAN of Company provided for its proprietary concern
Custom Duty
Custom Duty
Duty drawback cannot be denied when Advance Licenses were invalidated
Income Tax
Income Tax
No addition for cash payment for property out of cash withdrawals by family members
Income Tax
Income Tax
Section 54 exemption denial on property purchases in Sons name- AO should follow view of jurisdictional HC
Goods and Services Tax
Goods and Services Tax
