Rented Building Renovation-Repair Expenses are Current Repairs allowable u/s 30. Accumulated repairs not allowed only when assessee owns building, as…
Service tax Department can not audit under rule 5A(2)-Delhi High Court quashes/Strikes down Rule 5A2 and Notification 23/2014 Circular 181/7/2014…
House Property Rent or Business Income-Activity not ownership is decisive. ITAT Chennai, following Supreme Court Judgment upheld bifurcation of rent…
Installation services integral to contract not FTS under DTAA. This was held by Delhi High Court in a recent judgment…
Striking off name of company us 560-ROC order set aside Delhi High Court restored the name of the company by…
Consent of assessee cannot give AO right to make additions. the consent of the assesse/authorised representative cannot be a reason to…
Penalty us 271C-Contumacious conduct of assessee necessary to be established before penalty for failure to deduct tax at source (TDS)…
Self-made cash payment vouchers disallowance additions made for truck hire charges doubting genuineness of expenditure without making any enquiry was…
No disallowance us 14A on presumption only-If the assessee has not claimed any expenditure on exempt income and there can…
Indirect expenses can never be in proportion to sale. There was no reason to ask justification to explain variation in…