Income Tax : In regard to claim of expenditure on Registrar of Companies’ fee for increase in authorized share capital, the HC held that the ...
Income Tax : The ITAT noted that there are three stages in operational business:- (i) setting up; (ii) post setting up but before commencement ...
Income Tax : CIT (Appeals) did not offer any opportunity to the assessee to make submissions with respect to the materials obtained from the su...
Income Tax : The expenses claimed for transportation could not have been a valid ground for rejecting the books of account considering the fact...
Income Tax : Revenue has to be vigilant in issuing notice to the third party under Section 158 BD, immediately after the completion of assessme...
As can be seen from the terms of the relevant agreement between assessee and LAPPL, assessee is to receive 15% of the total contract amount as mobilization advance. Though, it may be a fact that in the TDS certificate, deductee has mentioned it as payment towards professional charges but
