In application for setting aside arbitral award, cross examination / Trial of persons swearing to affidavits should not be allowed…
Share Capital/Premium can not be regarded as undisclosed income. High Court deleted addition made for share premium u/s 68 ABCAUS…
Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction…
Payments made by University to affiliated colleges for conducting examinations in different centres were reimbursement and not fee for technical…
The jurisdiction cannot be challenged after expiry of time limit prescribed u/s 124(3). The challenge to jurisdiction is different from…
AO was not justified in applying accounting method followed by a different assessee and rejecting Percentage of completion method consistently…
High court orders inquiry for manipulation of reasons to believe and role of the AO. Recommends strict disciplinary action for…
Non deduction of TDS-Liability to pay interest even if deductee paid taxes. Under section 201(1A) liability of the deductor is…
Provision for warranty allowable deduction if based on past events and reliable scientific estimate is made of future liability likely…
Income accumulation application allowed under rectification u/s 154 as assessment was not completed and there was only intimation u/s 143(1)…