Month: November 2022
1,069 articlesIncome Tax
Income Tax
CUP method consistently followed to bench mark transaction with AE cannot be unreasonably rejected
Income Tax
Income Tax
Section 271(1)(c) penalty cannot be levied on Income Tax Additions on Ad-Hoc Basis
Income Tax
Income Tax
No addition for Cash Deposited during Demonetization Period if not exceed Threshold Limit
Income Tax
Income Tax
Section 41(1) of Income Tax Act doesn’t apply till liability is not written off in the books
Income Tax
Income Tax
Donations given by Trust to Other NGOs/Trust for its Purposes are Deductible
Service Tax
Service Tax
Subsidiary & its parent company located in different taxable territories are distinct entities
Income Tax
Income Tax
Company not opted for liquidation in impugned year hence disallowance of expense unjustified
Income Tax
Income Tax
Reassessment due to change of opinion is impermissible
Income Tax
Income Tax
Legal/ professional expense for opinion about prospective investment is not capital expenditure
Income Tax
Income Tax
