#CA Girish Gupta
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87 articlesIncome Tax
Income Tax
There must be Validity of application filed before Settlement Commission
Income Tax
Income Tax
The assessee was not bound if the acceptance of disallowance is not conceded in the original return of income
Income Tax
Income Tax
Failure of A.O. to dispose objections raised render re-assessment invalid
Income Tax
Income Tax
Any tax/duty paid in later year can be capitalized in the year in which obligation to pay arose
Income Tax
Income Tax
Sec. 40(b)(v)- ‘Allocable profit’ means book profit before partner’s remuneration: HC
Income Tax
Income Tax
Addition based on third party evidence not tenable if no evidence found from assessee
Income Tax
Income Tax
Exclusive Method’ of accounting is valid in absence of any notified standard by Department
Income Tax
Income Tax
View taken on the basis of law prevailing on the date of order cannot be termed as erroneous
Income Tax
Income Tax
All three conditions of 5(1)(ccv) are to be satisfied cumulatively by a society for being termed as co-operative bank
Income Tax
Income Tax
Interest cannot be disallowed for interest free loan given to sister concerns for business purpose
Income Tax
Income Tax
An issue of jurisdiction can be raised at any time even in appeal or execution
Income Tax
Income Tax
Assessee agreed to furnish BG as security in lieu of attachment order u/s 281B, HC directed to issue refund
Income Tax
Income Tax
No concealment of income by the assessee if addition is merely based on deeming provision of sec 50C
Income Tax
Income Tax
