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On a plain reading of Section 153C, it is evident that the Assessing Officer of the searched person must be “satisfied” that inter alia any document seized or requisitioned “belongs to” a person other than the searched person.
Government of India Ministry Of Finance Department Of revenue Central Bord Of Direct Taxes Notification No. 40/2014 Dated : 29.08.2014 Download Full Text of The Notification Read Notification Below
Government of India Ministry Of Finance Department Of revenue Central Bord Of Direct Taxes Notification No. 39/2014 Download Full Text of The Notification Read Notification Below
Government of India Ministry Of Finance Department Of revenue Central Bord Of Direct Taxes Notification No. 38/2014 Download Full Text Of The Notification Read Notification Below
Government of India Ministry Of Finance Department Of revenue Central Bord Of Direct Taxes Notification No. 37/2014 Download Full Text Of The Notification Read Full Notification below
The respondent-assessee, a partnership firm, was engaged at the relevant time in manufacture of organic chemicals. Under an agreement dated 9th June, 1987 with M/s India Craft, the respondent-assessee purchased 630 metric tonnes Isobutanol by sale on high-sea basis.
The ld. Counsel for the assessee has furnished before us the details of transactions in shares made by the assessee in the year under consideration as well as in the immediately preceding year i.e. A.Y. 2006-07 to show that the nature of transactions including their frequency
This is one more instance of the Revenue urging before this Court that firstly a film production unit or a Company is not an industrial undertaking within the meaning of section 80IB of the Income Tax Act 1961 (for short the said Act).
It would not be possible to proceed to recover the amount of tax from the assessee. The assessee cannot be doubly saddled with the tax liability. Deduction of tax at source is only one of the modes. Once this mode is adopted and by virtue of the statutory provisions the person responsible
As provided by s. 205 of the Act, where tax is deductible at source, the assessee shall not be called upon to pay the tax himself to the extent to which it has been deducted from the relevant income. Thus, from the aforesaid provisions it emerges that as soon as the tax is actually deducted
