• Income Tax

Peak Negative Cash Balance Addition u/s 69C without giving benefit of capitalisation of sums disclosed in earlier AYs deleted

10 years ago

Unexplained expendiure addition u/s 69C made for peak negative cash balance without giving benefit of capitalisation of sums disclosed in…

  • Income Tax

Deduction 80IC-Manufacturing Plastic Pet Bottles, Jars not negative list item in 13th Schedule

10 years ago

Deduction u/s 80IC available for manufacturing of PET bottles, Caps, jars etc. which are not plastic articles and do not…

  • Income Tax

Non-recovery of income tax demand where tax has been deducted but not deposited by deductor-CBDT

10 years ago

Non-recovery of income tax demand where tax has been deducted but not deposited by deductor-CBDT Non-enforcement of recovery of demand…

  • Income Tax

While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given

10 years ago

While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given While reversing the order of the…

  • Income Tax

Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural

10 years ago

Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural The deduction u/s 33AB of…

  • Income Tax

Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company

10 years ago

Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company When…

  • Income Tax

Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis

10 years ago

Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis The fair…

  • Income Tax

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) debatable, not open for revision u/s 263

10 years ago

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s…

  • Income Tax

CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad

10 years ago

CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad INCOME TAX…

  • Income Tax

CBDT Revised Guidelines for Implementation of Transfer Pricing Provisions Instruction No. 03/2016

10 years ago

CBDT Revised Guidelines for Implementation of Transfer Pricing Provisions Instruction No. 03/2016 Instruction No. 3/2016 F. No. 500/9/2015-APA-IIGovernment of IndiaMinistry…