S. 133A - Additions can be made on basis of materials collected during course of illegal survey.
S. 263 - Revision - Exercise of power under S. 263 by CIT would not be justified only because Assessing Officer has taken a view in favour of assessee. -
The assessee-company had borrowed foreign currency loan from IDBI which in turn was refinanced by the foreign company. It paid commitment charges and finance charges to the said foreign company. The questions that arose for consideration were as to (
This appeal challenges the decision of the Madras High Court in reference under section 256 (1) of the IT Act, 1961, in which the following question was referred by the Tribunal at the instance of Revenue which was adjudicated against it.
When the award of the reference court enhancing the compensation is stayed and an interim payment is ordered as condition of such stay or otherwise and is paid, pending final decision, neither of the two conditions are satisfied. The amount received
Whether the amount of unexplained cash credits are to be added in the total income of the firm even though the amount was already included in the total income of the partners.
Whether compulsory deduction made by sugar cooperative societies on account of non-refundable and refundable deposits and other funds are revenue receipts liable to be taxed under the Income Tax Act.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Shaswat initial support private limited
Ahmedabad
CS
View Details
CAclubindia
