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Learning from reported judgment and practical support:Addition due to valuation differences cannot be made in intimation or order u.s. 143.1 – proper course for AO is to issue notice u.s 143.2, in case of need to make reference to Departmental Officer for valuation, and then pass order u.s. 143.2.Assesse must challenge addition made u.s.143.1 as beyond scope of S. 143.1. In case of addition is made after valuation made by DVO, the valuation alos need to be challenged if it is excessive.
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By: - DEVKUMAR KOTHARI
Dated:
March 22, 2025
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Co-Author:
CA UMA KOTHARI
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PENALTY CANNOT BE IMPOSED BASED ON CONJECTURES, POSSIBILITIES OR SURMISES
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
March 21, 2025
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DR.MARIAPPAN GOVINDARAJAN
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GST Amnesty Scheme- Relief promised-challenges delivered?
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By: - Pradeep Reddy
Dated:
March 20, 2025
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Are you exporting IT or IT-enabled services you cannot ignore SOFTEX Compliance.
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By: - Pradeep Reddy
Dated:
March 18, 2025
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Budget 2025-Customs Law Changes: If Implemented Well-Could Improve Ease of Doing Business!
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By: - Pradeep Reddy
Dated:
March 18, 2025
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‘NRE’ DEPOSITS SOURCED FROM FOREIGN REMITTANCES ARE BEYOND INDIAN TAXATION
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
March 18, 2025
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‘Perquisites’ as per section 17 as it is and as it will be after amendments proposed.- Complications, litigation are discussed to highlight need to simplify provisions for the head ‘salaries’ which should be simple and easy to understand and implement.
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By: - DEVKUMAR KOTHARI
Dated:
March 4, 2025
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CA UMA KOTHARI
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ADDITION OF THE VALUE OF UNEXPLAINED JEWELLERY IN THE LOCKER
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
March 3, 2025
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✈️Logistics Businesses: Are you charging the right GST? 🚛🚂
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By: - Pradeep Reddy
Dated:
March 3, 2025
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Proposed amendment of Section 9A relating to exempted activities from scope of business connection in India. Analysis of proposal and effect of amendment in section.
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By: - DEVKUMAR KOTHARI
Dated:
March 3, 2025
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Audit Renaissance: Uniting the Powerhouses of CA, CS and CMA
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By: - Shashank Shukla
Dated:
February 28, 2025
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VALIDITY OF A REVISED RETURN FILED BEYOND THE PERIOD OF LIMITATION
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 28, 2025
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INCOME TAX NEW RULES 2025 ACT
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By: - Vikrant sharma
Dated:
February 27, 2025
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INFRASTRUCTURE DEBT FUND
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 27, 2025
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ASSESSMENT BASED ON ESTIMATED RATE OF NET PROFIT – PENALTY UNDER SECTION 271(1) (c) WILL NOT SURVIVE
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 26, 2025
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Transactional net margin method-bridging theory and practice in transfer pricing
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By: - Disha Deopura
Dated:
February 25, 2025
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Exporting IT or IT-enabled services you cannot ignore 𝗦𝗢𝗙𝗧𝗘𝗫 𝗖𝗢𝗠𝗣𝗟𝗜𝗔𝗡𝗖𝗘?
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By: - Pradeep Reddy
Dated:
February 24, 2025
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𝗚𝗦𝗧 𝗖𝗼𝘂𝗻𝗰𝗶𝗹'𝘀 𝗟𝗮𝘁𝗲𝘀𝘁: Whether someone Exports, Drive Used Cars or Snack on Popcorn – Here's What's Changing!
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By: - Pradeep Reddy
Dated:
February 22, 2025
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PENALTY FOR UNDISCLOSED INCOME
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 19, 2025
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The term ‘money’ in context of S.69A –means only Indian currency notes and coins.
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By: - DEVKUMAR KOTHARI
Dated:
February 18, 2025
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Co-Author:
CA UMA KOTHARI
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