THE DIRECT TAX DISPUTE RESOLUTION SCHEME, 2016
The Direct Tax Dispute Resolution Scheme, 2016 Eligibility A declarant can file a declaration in rel...
Deduction 80IC-Manufacturing Plastic Pet Bottles, Jars not negative list item in 13th Schedule
Deduction u/s 80IC available for manufacturing of PET bottles, Caps, jars etc. which are not plasti...
Peak Negative Cash Balance Addition u/s 69C without giving benefit of capitalisation of sums disclosed in earlier assessment years deleted
Unexplained expendiure addition u/s 69C made for peak negative cash balance without giving benefit o...
NO CVD PAYABLE ON SET TOP BOXES WHICH IS PROVIDED FREE OF COST TO THE CONSUMERS BY DTH SERVICE PROVIDER
CBEC vide its Circular No. 1020/8/2016 – CX dated the 11th March, 2016 (F.NO. 6/5/2015 – CX.I...
CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad
INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘A’, KOLKATA ITA No. 766/Kol/2013 : Asstt. Year : 20...
Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s 263 by CIT
The issue relating to the allowability of interest as the part of cost of acquisition of the capital...
Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis
The fair market value of the property as on 01.04.1981 by the Registered Valuer on the basis of pre...
Loans Advance given on interest not deemed dividend u/s 2(22)(e) as the shareholder do not derive any benefit from the funds of the company
When the company was compensated by way of interest on loan taken, the assessee shareholder in real ...
Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural
The deduction u/s 33AB of the Income Tax Act, 1961 shall be allowed from the total composite income...
While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given
While reversing the order of the CIT(A) the Tribunal is duty bound to examine and discuss the reason...