#Vasundhra Rastogi
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26 articlesIncome Tax
Income Tax
Functionally dissimilar company cannot be considered as comparable for computation of ALP
Income Tax
Income Tax
No addition U/s. 68 if credits are not related to relevant Assessment year
Income Tax
Income Tax
Section 36(2)(i)- Loan- Bad Debts allowable if assessee offered interest income to tax in earlier years
Income Tax
Income Tax
Revenue Appeal not maintainable against addition deleted based on Remand Report
Income Tax
Income Tax
Penalty u/s 271(1)( c) justified in case of deliberate false claim of exemption in ROI
Income Tax
Income Tax
Wthout assigning reasons Tribunal cannot remand matter to A.O. on matters on which in earlier years it decided in favour of Assessee
Income Tax
Income Tax
Before A.Y. 2015-16 Sec. 54EC exemption limit of Rs. 50 Lakh is per year & not based on transaction
Income Tax
Income Tax
Mere Repayment of loan not escape substantial shareholder from Section 2(22) (e)
Income Tax
Income Tax
In case of rejection of books, estimation of gross profit based on past history justified
Income Tax
Income Tax
Rejection of claim raised in return of income ipso-facto not attract levy of penalty U/s. 271 (1) (c)
Income Tax
Income Tax
Single Centering & shuttering material used in construction can be treated as plant
Income Tax
Income Tax
