Tenet Tax Daily September 19 2019
Service of scrutiny notice on wrong address of assessee – assessment order quashed: ITAT
If letter of confirmation of loan amount not considered by AO section 68 additions invalid
Tenet Tax Daily September 16 2019
Order of HC which was relied by ITAT to give direction in favour of assessee cannot be dissected by AO
Tenet Tax Daily September 14 2019
Since ITAT confirmed disallowance since cash payments exceeded threshold limit no question of law arises
Tenet Tax Daily September 13 2019
In case of best judgment assessment writ not maintainable: HC
Tenet Tax Daily September 12 2019
Plant and Machinery taken on lease from 100% export oriented sister concern – Sec.10B relief not available: HC
Tenet Tax Daily September 10 2019
If advancing of loans was not part of assessee’s business, interest income taxable as ‘other sources’
Tenet Tax Daily September 07 2019
Address at which search could be conducted should be place where books of accounts, documents, etc could be located – it need not be registered office of person concerned
Tenet Tax Daily September 06 2019
Order passed by AO during pendency of writ petition – assessee should file appeal as remedy: HC
Tenet Tax Daily September 05 2019
If case of assessee was transferred to another AO, notice to be given to assessee
Tenet Tax Daily September 04 2019
Sec. 234A/B/C interest not to be waived if assessee declared LTCG instead of STCG in ITR: HC
Tenet Tax Daily September 03 2019
Investment in shares of Indian subsidiary cannot be treated as income – reassessment notice quashed by HC
Tenet Tax Daily September 02 2019
Money deposited in bank account which was withdrawn for purchase of property does not call for sec. 68 additions
Tenet Tax Daily August 31 2019
Construction of bridge for transportation of goods was revenue exp.
Tenet Tax Daily August 30 2019
Purchase of two adjacent flats converted into single unit entitled to Sec. 54F relief
Tenet Tax Daily August 29 2019
Statement recorded of third person if additions were made after finding of facts – Sec. 69 rightly invoked
Tenet Tax Daily August 28 2019
Selling various small properties acquired from sale of land is not treated as business activity
Tenet Tax Daily August 27 2019
Section 54 relief not to be denied merely because assessee claimed exemption under wrong sub section
Tenet Tax Daily August 26 2019