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It is misconceived idea to charge payment of ‘on money’ to the shareholders of the company, in which company entered in the transaction
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313 total views On 3 February, 2017 ITAT, HYDERABAD BENCH in the case of Dy. CIT v. M/s. Maheswari Mega Ventures Ltd. decide on following three issues:- Assessing officer failed to appreciate that company is an independent entity and distinct person….
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Non-compliance to summons u/s. 131 is not one of the conditions for invoking the best judgment
307 total views
307 total views HYDERABAD TRIBUNAL on Jun 7, 2017 held that for invoking the provisions of Section 144, there should be non-compliance, as provided u/s. 144(1). There should be non- compliance to the notices u/s. 142(1) or 143(2) or fails to…
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Reassessment proceedings u/s 147 r.w.s 148 of the Act cannot be initiated after expiry of 4 years from the end of the relevant assessment year unless there is a failure on the part of the assessee to disclose fully and truly all material facts
355 total views
355 total views ………Re- assessment proceedings u/s 147 r.w.s 148 of the Act cannot be initiated after expiry of 4 years from the end of the relevant assessment year unless there is a failure on the part of the assessee to…
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Block assessment is to be carried out on the basis of the material found during the course of search and not as a result of other documents or material, which come to the possession of the AO
724 total views
724 total views Block assessment is to be carried out on the basis of the material found during the course of search and not as a result of other documents or material, which come to the possession of the AO subsequent…
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जीएसटी संबंधित जानकारी के लिए सरकारी अधिकृत ट्विटर हैंडलर
1,864 total views
1,864 total views
Penny stock-decision on 9th March, 2017
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314 total views DECISION ON PENNY STOCK ON Mar 9, 2017 the claim of the assessee cannot be denied on the basis of presumption and surmises in respect of penny stock by disregarding the direct evidences on record relating to the…
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