Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing…
Payments to franchisees held liable to TDS us 194C not 194J. The modus operandi for collection of the fees as well as of…
STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial…
Share STCG not become business income by employment of Portfolio Management Service (PMS) for investment in shares. This was held…
In a recent judgment, ITAT has held that the sale of shares by the assessee was not business income but…
Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee's accommodation not…
Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of…
AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148…
Addition us 68 remanded back by ITAT for short time lag between inquiry initiation and conclusion when the evidence was…
Gift received from Step Father not taxable us 562vi as income from other sources. The Explanation to section 56(2) would indicate…