#Section 154
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921 articlesIncome Tax

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Tax Department Shouldn’t Exploit Taxpayers’ Lack of Knowledge: Delhi HC
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Claim of application of income for charitable purpose u/s 11 & 12 cannot be denied on mere technicalities
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Effect of depreciation must be excluded for determining fair and true profit for purpose of TNMM: ITAT Kolkata
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Even if Form 10B is filed at a later stage, Section 11 exemption cannot be denied
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Direction of DRP should be followed by TPO for calculation of TP adjustment: ITAT Kolkata
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Software license fees duration less than two years is revenue expenditure: ITAT Bangalore
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Sales value cannot be enhanced with GST without Adjusting Opening/Closing Stock and Purchases Valuation
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If Receipt Isn’t Taxable for Recipient, TDS Credit Can’t Be Denied: ITAT
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Tax treaty benefit cannot be denied for Fraud mobile number: ITAT Mumbai
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Interest on Loans to invest in Subsidiary Company Shares is Deductible: Bombay HC
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Violation of Section 269SS by Excess Capital Withdrawal in cash from Partnership
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Section 201(1)/201(1A) inapplicable if TDS deducted at Correct Rates: ITAT Rajkot
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Rectification Proceedings under Section 154: Limited to Obvious Mistakes
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