Peak credit theory not applicable if deposits are unexplained u/s 68. High Court overruled ITAT decision where CA was providing…
Expression ‘’derived’’ is narrower then ‘’attributable to’’ in section 80IA or like sections. Income derived from secondary source not the…
Loss on sale of foreign cars held as business loss not capital loss u/s 50 as the imported cars did…
Supplying back ground sound audio to film is manufacture u/s 80-IB of the Income Tax Act. Providing audio Software to…
Tax Recovery Officer has no power to declare alienation of property as null and void when sale is made under…
If assessee liable to pay service tax refund limitation period applies to refund application as stipulated u/s 11B of Central…
Legal expenses to defend writ filed to quash mining lease of the company are revenue expenditure not capital expenditure and…
Google India gets relief in deposit against income tax demand from High Court. The High Court reduced the deposit to…
Disallowance u/s 37 for legal fee paid in excess of damages received in the relevant case deleted. Profit in immediate…
Travelling Expenses claimed us 57 did not attract concealment penalty particularly when untenable claim was made on the advice of…