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RATHI

RATHI's Profile

Member Since: 06 Feb 2019
Total Posts: 338
Qualification: CA in Job / Business
Location: Mumbai, Maharashtra, IN
Company: N/A
Designation: N/A

RATHI's Posts

1. No addition of receipt of unsecured loans if identity, creditworthiness & genuineness of same proved
756 Views | 0 comment | Published: 12 Aug 2019 | Posted Under: Income Tax |
2. Order u/s 197 was quasi-judicial must be supported by valid & cogent reasoning
474 Views | 0 comment | Published: 12 Aug 2019 | Posted Under: Income Tax |
3. Reassessment based on usurpation of jurisdiction on non-existing jurisdiction is invalid
357 Views | 0 comment | Published: 11 Aug 2019 | Posted Under: Income Tax |
4. Erroneous Assessment order cannot be revised if not prejudicial to Revenue
321 Views | 0 comment | Published: 11 Aug 2019 | Posted Under: Income Tax |
5. Bright Line Test cannot be applied for determining AMP expenses
186 Views | 0 comment | Published: 11 Aug 2019 | Posted Under: Income Tax |
6. CIT(A) cannot enhance income based on sources not considered during assessment
384 Views | 0 comment | Published: 11 Aug 2019 | Posted Under: Income Tax |
7. Gift by individual to HUF is exempt same as a gift from HUF to its member
1,626 Views | 0 comment | Published: 11 Aug 2019 | Posted Under: Income Tax |
8. Applying NP rate of 2% based on earlier rates on suppressed receipts justified
312 Views | 0 comment | Published: 09 Aug 2019 | Posted Under: Income Tax |
9. No TDS on commission payment made to overseas agents
1,119 Views | 0 comment | Published: 08 Aug 2019 | Posted Under: Income Tax |
10. Mechanical Addition for fictitious loss by Client Code Modification not sustainable
453 Views | 0 comment | Published: 06 Aug 2019 | Posted Under: Income Tax |
11. Upfront fee paid to bank to obtain loan for acquisition of capital asset allowable
504 Views | 0 comment | Published: 06 Aug 2019 | Posted Under: Income Tax |
12. Section 148 Notice for reassessment invalid If not served properly
717 Views | 0 comment | Published: 06 Aug 2019 | Posted Under: Income Tax |
13. TDS u/s 195 cannot be deducted in case no title in goods passed from foreign suppliers to assessee outside India
534 Views | 0 comment | Published: 06 Aug 2019 | Posted Under: Income Tax |
14. Unabated assessment cannot be reopened u/s 153A in absence of incriminating material
384 Views | 0 comment | Published: 05 Aug 2019 | Posted Under: Income Tax |
15. No addition u/s 68 if burden of proof discharged by filing sufficient evidences
543 Views | 0 comment | Published: 05 Aug 2019 | Posted Under: Income Tax |
16. Sec. 68 addition of undisclosed credit liability justified in case of non-satisfactory explanation
525 Views | 0 comment | Published: 04 Aug 2019 | Posted Under: Income Tax |
17. Receipt of share capital with higher premium cannot be added as unexplained credit on mere suspicion
474 Views | 0 comment | Published: 04 Aug 2019 | Posted Under: Income Tax |
18. Disallowance u/s 14A cannot be made in absence of exempt income
537 Views | 0 comment | Published: 04 Aug 2019 | Posted Under: Income Tax |
19. Booking of bare shell of flat was construction of house property and not purchase U/s. 54
519 Views | 1 comment | Published: 04 Aug 2019 | Posted Under: Income Tax |
20. Receipts of subscriptions pursuant to collective investment schemes is capital receipt
231 Views | 0 comment | Published: 04 Aug 2019 | Posted Under: Income Tax |
21. Deduction allowable on interest on late deposit of VAT, Service Tax, TDS
714 Views | 0 comment | Published: 04 Aug 2019 | Posted Under: Income Tax |
22. Cash purchase of share is not prohibited by Law
852 Views | 0 comment | Published: 02 Aug 2019 | Posted Under: Income Tax |
23. No Deduction u/s 54B /54F if sale deed was unregistered and payment was in cash
780 Views | 0 comment | Published: 02 Aug 2019 | Posted Under: Income Tax |
24. Debenture redemption Premium allowable in each year covered by debentures
396 Views | 0 comment | Published: 02 Aug 2019 | Posted Under: Income Tax |
25. Section 54F Unutilized capital gain taxable as income u/s 45 after 3 Years
939 Views | 0 comment | Published: 02 Aug 2019 | Posted Under: Income Tax |
26. Addition justified for unexplained deposits in undeclared bank account
384 Views | 0 comment | Published: 01 Aug 2019 | Posted Under: Income Tax |
27. Notice u/s 142(1) to amalgamating entity after amalgamation void: SC
441 Views | 0 comment | Published: 01 Aug 2019 | Posted Under: Income Tax |
28. Section 35AC(7) is prospective | Plea of equity/hardship not legally sustainable: SC
297 Views | 0 comment | Published: 01 Aug 2019 | Posted Under: Income Tax |
29. Bonus to director for services rendered when he was not a shareholder allowable
366 Views | 0 comment | Published: 01 Aug 2019 | Posted Under: Income Tax |
30. No addition u/s 68 of bogus LTCG if assessee furnishes sufficient evidences
534 Views | 0 comment | Published: 01 Aug 2019 | Posted Under: Income Tax |
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