#CA Deepak Aggarwal
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390 articlesIncome Tax
Income Tax
Being an investment company, interest on loan used for investment in jointly controlled entity allowed as revenue expenditure
Income Tax
Income Tax
Rates as per DTAA includes all surcharges, addition on account of education cess not sustainable
Income Tax
Income Tax
Warehouse leasing Income of Company incorporated with such object is to be taxed as business income
Income Tax
Income Tax
Monetary limit for filing of appeals also applies to Pending References
Income Tax
Income Tax
No change in ITAT powers to extend stay / interim relief, even post substitution of third proviso to sec. 254 (2A)
Income Tax
Income Tax
Rule 46A – No contravention, as Arbitral Award not in nature of document/evidence, may be considered in any stage of proceedings
Income Tax
Income Tax
Section 263 – Revision valid where AO has not made any enquiry about quantification of losses claimed
Income Tax
Income Tax
Being ownership vest with lessor in leased including sale & lease back assets, depreciation u/s 32 allowed
Income Tax
Income Tax
Reassessment not valid on mere information of investigation wing as no direct nexus establishes with income escapement
Income Tax
Income Tax
Addition u/s 68 not sustainable where whole transaction supported by adequate & reliable evidences
Income Tax
Income Tax
AO not permitted to make additions beyond revision order issued u/s 263: ITAT
Income Tax
Income Tax
Amount received in pursuance of agreement of construction of additional area, not assessable as business income
Income Tax
Income Tax
S.132(4A): Additions based on passbook found in custody of assessee, who operates such account, is duly valid
Income Tax
Income Tax
