Tenet Tax Daily October 18 2019
Assessee’s failure to respond to notices due to husband’s illness – matter to be remanded: HC
CIT(A) does not have the power to enhance assessment by taking income not considered during assessment
Tenet Tax Daily October 17 2019
Accepting fresh evidence by CIT(A) without providing reasonable opportunity to AO not acceptable: ITAT
Tenet Tax Daily October 15 2019
Charging capital gains in hands of general power of attorney holder held as incorrect by ITAT
Tenet Tax Daily October 12 2019
If assessment was completed by AO, provisional attachment u/s 281B cannot continue.
Tenet Tax Daily October 11 2019
Employee’s contribution on account of PF/ESI deposited after prescribed due date – Not deductible: ITAT
Tenet Tax Daily October 10 2019
Tax deposited after coercive steps taken by department – No prosecution required: HC
Tenet Tax Daily October 09 2019
Rejection of application for absolute stay of demand held correct – deposit of 40% of demand justified: HC
Tenet Tax Daily October 07 2019
Capital expenditure to include expenses incurred on interior decoration & office equipment on leased premises
Tenet Tax Daily October 04 2019
Sum contributed to trusts created for health care of retired employees – No sec. 40A(9) disallowance
Tenet Tax Daily October 03 2019
Documents which are not legal evidence cannot be used for the purposes of making additions: ITAT
Tenet Tax Daily October 02 2019
Interest on unutilised funds treated as capital receipt not chargeable to tax
Tenet Tax Daily October 01 2019
Payment made to retired employees to fulfill statutory obligation allowable u/s 37(1)
Tenet Tax Daily September 30 2019
Reassessment order set aside since AO rejected assessee’s objection without dealing with it: HC
Tenet Tax Daily September 25 2019
Action against TCS defaults to be taken within a reasonable period if no limitation period is prescribed under the Act
Tenet Tax Daily September 24 2019
Appeal cannot be dismissed by CIT(A) without deciding on merits: ITAT
Tenet Tax Daily September 23 2019
Jurisdiction to entertain appeal at Mumbai not based merely by having registered office at Mumbai: HC
Tenet Tax Daily September 21 2019
Rule 8D cannot be applied only if assessee had mixed funds for earning tax free income
Tenet Tax Daily September 20 2019