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Articles by CA Aman Gupta

Merilyn Shipping's case analysis with Cal-HC decision

CA Aman Gupta 04 July 2013 at 11:25

CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied on

Brought Forward Business Losses can be set off against STCG

CA Aman Gupta 01 July 2011 at 13:37

Digital Electronics Ltd. vs. Addl. CIT (2011) 49 DTR 484/135 TTJ 419 (Mum.)(Trib.) Brief Facts In the course of assessment proceedings, the AO noted that the assessee has set off brought forward losses against short-term capital gains on sale