Tag: Budget
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Income Tax Addition Can Be Made Only On Proper Proof Of Bogus Purchases: Bombay High Court
The Bombay High Court has ruled that the income tax addition could be made only on the basis of proper proof of bogus purchases.
The...
AO Can’t Interfere In The Method Selected For The Valuation Of Shares: Bangalore ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the AO cannot interfere in the method selected for the valuation of the shares.
The...
Transfer Of Title Of Goods By Panasonic To Its Customers In DTA Is Not A Supply: Tamil Nadu AAR
Author: Khushi J Prajapati
The Tamil Nadu Authority for Advance Ruling (AAR) ruled that the transfer of title of goods by Panasonic to its...
ITAT Allows Loss On Account Of Error Trading Transaction To Morgan Stanley
In a major relief to Morgan Stanley India Company Ltd., the Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed loss on account of error...
Tax Paid To Supplier Not Remitted To State Exchequer, Purchaser Can’t Be Punished: Gauhati High Court
The Gauhati High Court ruled that the tax paid to the supplier is not remitted to the state exchequer and the purchaser can't be...