#CA Nayan Gupta
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11 articlesIncome Tax
Income Tax
Interest on Bank FDRs to maintain the Minimum Interest Reserve Account is taxable as Business-Income
Income Tax
Income Tax
Commencement of business simply means taking first step in performing overall income producing activity
Income Tax
Income Tax
New evidences obtained can be used only after proper opportunity of being heard is given to assessee
Income Tax
Income Tax
Excess stock found during search cannot be the sole reason for rejection of books of accounts
Income Tax
Income Tax
Delay in issuing notice u/s 158BD by 10 months cannot be considered contemporaneous
Income Tax
Income Tax
Valid “Satisfaction Note” as required u/s 158BD requires proper recording of evidences for being satisfied
Income Tax
Income Tax
Profits may be recognized on sale even if Assessee follows project completion method if all risk and reward been passed on
Income Tax
Income Tax
A controlled transaction cannot be benchmarked against another controlled transaction (TP)
Income Tax
Income Tax
Omission of concluding sentence doesn’t amount to non-furnishing of reasons for reassessment
Income Tax
Income Tax
TP adjustments not applicable on transactions between Head Office & Branch Office
Income Tax
Income Tax
