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Recent Posts
- Reassessment Proceedings Upheld: Writ Petition Challenging Section 148 Notice Not Maintainable After Participation and Speaking Order Rejection
- Transfer Pricing: TPO Cannot Segregate Royalty for Separate Benchmarking if TNMM for Manufacturing Activity was Accepted by HC in Earlier Years
- Housing Loan Interest Deduction Denied: Bank Statement Insufficient Without Specific Interest Certificate and Sanction Letter
- Provision for Interest on State Government Loan Held Allowable u/s 37(1); Liability is ‘Ascertained’ Under Mercantile System Even if Repayment Has Not Commenced
- Transfer Pricing: Re-characterization of Software Developer as ‘Contract R&D Provider’ Rejected; BAPA and Past TPO Orders Confirm ‘Software Development’ Status
- Reassessment Invalid: Notice u/s 148 for AY 2015-16 Issued After April 2021 Held Time-Barred
- TDS Default Quashed: Rate of 10% (Section 112) Applicable on Purchase of Unlisted Shares from Non-Resident, Not 20%
- Addition u/s 56(2)(vii)(b) Deleted: Allotment Letter Treated as Valid ‘Agreement’ for Determining Stamp Duty Value Date
- Angel Tax Inapplicable to Subsidiary of Public Company: Deemed ‘Public Company’ Status under Section 2(18) Overrides Private Ltd Status
- Co-operative Society Entitled to Section 80P(2)(d) Deduction on Interest Earned from Investments in Co-operative Banks; Section 80P(4) Restriction Inapplicable to Investor
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