#CA Deepak Aggarwal
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390 articlesIncome Tax
Income Tax
In absence of any unilateral or bilateral w/off, no addition sustainable on account of cessation of liability
Income Tax
Income Tax
AO cannot disallow expenses on estimation basis without verification of genuineness
Income Tax
Income Tax
Tolerance margin (+/-) 5% u/s 92C (2) available only where variation between ALP and Actual price limited to this range
Income Tax
Income Tax
Some procedural omission/ mistake will not make the whole proceedings invalid
Goods and Services Tax
Goods and Services Tax
Point wise coverage of draft process of GST registration
Income Tax
Income Tax
S. 43B No disallowance for Electricity duty collected on behalf of state government but not paid: HC
Income Tax
Income Tax
S. 194H Discount by telecom companies to distributors on recharge coupons is commission, liable for TDS: HC
Income Tax
Income Tax
Receipt already taxed in the head of sub-contractor cannot be disallowed to contractor considering same as inflated expense
Income Tax
Income Tax
Bad debts can be claimed in subsequent assessment years even if bad debts w/off in earlier years – HC
Income Tax
Income Tax
Section 2(22)(e)- Deemed Dividend- Only Payment out of Accumulated Profit covered
Income Tax
Income Tax
AO cannot reject entire books of accounts on insignificant defects having minuscule impact on profit
Income Tax
Income Tax
Loss on securities held for trading and classified as available for sale under RBI guidelines is business loss
Corporate Law
Corporate Law
Proof of demand of illegal gratification must for conviction, mere recovery of notes not sufficient- SC
Income Tax
Income Tax
