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Recent Posts
- Tax Cannot Be Recovered from Employee if Employer Deducts TDS but Fails to Deposit It
- Remanded for Tribunal to Specifically Adjudicate Mechanical Approval Challenge Under Section 153D of Income-tax Act
- Interest from investing retained members’ sale proceeds is taxable under section 56, not section 80P(2)(a)(i).
- Best Judgment Reassessment Is Invalid If Return Filed Is Completely Ignored By Assessing Officer
- Assessment order quashed and remanded due to denial of mandatory personal hearing despite alternative remedy.
- Delayed Receivables Subsumed Under TNMM and Working Capital Adjustment Cannot Face Separate Notional Interest Imposition
- Entire Bogus Purchase Value Cannot Be Taxed When Corresponding Sales Are Undisputed
- Reassessment Notice Based on Loose Seized Notings Lacking Direct Link to Assessee Is Quashed
- Statutorily mandated deposits qualify for section 80P deduction, but surplus fund interest is taxed under section 56.
- Assessee Entitled To Depreciation On Amalgamation Goodwill And Debt-Free Companies Are Exempt From Notional Interest Adjustments
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