#Girish Aradhya
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26 articlesIncome Tax

Income Tax
ALP not to be computed if transaction is not with associated enterprise
Income Tax

Income Tax
Rebate u/s 88E is allowable from the business income be it speculative or not
Income Tax

Income Tax
Onus on assesse to prove true identity of an investor, its creditworthiness and genuineness of a transaction
Income Tax

Income Tax
Hire Purchase Installments received to be taken as income by allowing corresponding expenditure as deduction
Income Tax

Income Tax
No TDS u/s 194C for payments of reimbursement of expenses
Income Tax

Income Tax
Deduction for PF and ESI contribution cannot be disallowed if paid before due date of filing return
Income Tax

Income Tax
Mere fact that an entity makes extremely high profits/losses does not lead to its exclusion from list of comparables for ALP determination
Income Tax

Income Tax
If provisions of section 14A is to be invoked, disallowance is to be computed as per rule 8D
Income Tax

Income Tax
Monopoly, continuous functioning and large orders at hand are sufficient basis for valuation of goodwill
Income Tax

Income Tax
Rent cannot be increased for mere increase in prices of land
Income Tax

Income Tax
Bonds, that mature in future, issued against services provided for a project, does not convert them into capital assets
Income Tax

Income Tax
