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Recent Posts
- ITSC Application Rejected: Settlement Commission Lacks Jurisdiction to Reclassify ‘Business Income’ as ‘Unexplained Investment’ (s. 69B) if Manner of Earning is Not Substantiated
- Reassessment Set Aside: “Technical Glitch” No Excuse for AO Granting Only 2 Days to Reply; Minimum Time u/s 148A(b) Mandatory
- MAT Computation: “Relevant Date” for Brought Forward Loss u/s 115JB is 1st April; Loss Wiped Out by Capital Reduction During the Year Still Available for Set-off
- Low Tax Effect: Revenue’s Appeal Dismissed as Normal Tax Rate Applies for Threshold Calculation; Amended Section 115BBE Held Not Retrospective
- Carry Forward of Demerger Losses: Section 72A(4) Applies; PCIT’s Revision Based on Amalgamation Conditions u/s 72A(2) Held Invalid
- High Court Dismisses Revenue’s Appeal: Tribunal’s Restriction of Disallowance to 6% on Bogus Purchases Upheld Following Precedent in Assessee’s Own Case
- Section 263 Revision Invalid When Issue (Bogus Purchases) is Already Subject Matter of Appeal Before Commissioner (Appeals)
- Monetary Reimbursement of Realized Forex Loss by AE Not Taxable as Perquisite under Section 28(iv)
- Monetary Reimbursement of Realized Forex Loss by AE Not Taxable as Perquisite under Section 28(iv)
- Monetary Reimbursement of Realized Forex Loss by AE Not Taxable as Perquisite under Section 28(iv)
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