#section 143(3)
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6,168 articlesIncome Tax

Income Tax
Calcutta HC Dismisses Revenue Appeal on Section 68 Share Capital Addition
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Allowability of use of Extrapolated Data for comparables inspite of having different year-end in ITeS transfer pricing dispute
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Proceedings u/s. 144C has to be concluded within limitation prescribed u/s. 153(3)
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Deduction u/s 80P was allowable on interest earned on surplus lending funds as same was related to Banking business
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Matter of unexplained deposit remanded as assessee failed to represent before AO and CIT(A)
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No disallowance u/s. 14A in absence of any exempt income
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No reassessment unless there was new tangible evidence found against assessee
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Order of special audit not sustained as procedure mandated u/s. 142(2A) and 142(2C) not followed
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Revision u/s. 263 initiated by CIT based on AO’s recommendation is not maintainable
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Notice u/s. 133(6) remaining unserved cannot be reason for disallowance of professional fees
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Section 40(a)(ia) couldn’t be made applicable to short deduction of TDS: Uttarakhand HC
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Ad-hoc determination without invoking special audit not justifiable due to complexity of business
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Sufficient cause shown for not attending hearing before CIT(A): Matter restored back to CIT(A)
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Income Tax
