judgement of AAR in case of M/s. Harekrishna Developers will increase the already increasing real estate price by charging service tax on real estate devlopers
Expenditure on replacement of manual cone winders by auto cone winders in textile mill – No cost advantage on such replacement and no increase in installed capacity – Expenditure incurred was revenue notwithstanding large amount was spent - A.Y. 2002
Assessee carrying on software export as well as domestic business – Assessee maintained independent and separate books of account for export and domestic sale – Deduction needs to be computed considering only the export business –A.Y. 1993-94
To give effect to section 145A, if there is a change in the closing stock corresponding change in opening stock also to be made
Undisclosed Income vis-a-vis asset disclosed in the Regular Returns
Interest accrued on deposit is business income
Sale of residential house and investment in new house – Even though registration is not complete assessee is entitled to exemption u/s. 54F
NOT VALID
Original assessment proceedings are relevant to ascertain the recording of satisfaction – No reason in original assessment proceedings for levy of penalty – Penalty imposed liable to be cancelled – A.Ys. 1996-97 to 2001-02
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