Directions issued by CIT(A) - It is not for the AO to sit on ...

Case Laws Income Tax

May 15, 2013

Directions issued by CIT(A) - It is not for the AO to sit on judgment over the correctness of the directions either in adding the advances or in directing the deduction of the peak credit added in the earlier years. - AT

View Source

← Previous Next →

Directions issued by CIT(A) - It is not for the AO to sit on ...

Case Laws Income Tax

May 15, 2013

You may also like:

Advances written off - Once the advances are held to be business advances they are allowable as deduction either u/s. 37(1) or u/s. 28 of the Act as business loss....

Advance Authorization scheme - violation of pre-import condition - Permission to claim of refund or input credit - Detailed procedure and directions issued -...

Income recognition - advances received from customers - the customers advances carried over year after year and it is the consolidated list of advances as on balance...

Master Direction – Foreign Investment in India - Master Direction

Master Direction – Reporting under Foreign Exchange Management Act, 1999 - Master Direction

Remuneration paid to whole-time directors employed by the company is not liable to service tax, as it is considered salary. However, sitting fees paid to non-employed...

Refund of service tax - Period of limitation - Relevant Date - Refund application filed after the favorable decision of Appellate Authority - Explanation B in Clause (5)...

Manual filing of applications for Advance Ruling and appeals before Appellate Authority for Advance Ruling

Exemption from Antidumping Duty against a Transferable DFIA license - tribunal cannot even sit in appeal over correctness or otherwise of a Customs Notification. If the...

Penalty u/s 271AAB - need to maintain the books of account u/s 44AA - determination of turnover - unexplained advances - The amount of advance itself is not in the...

Deemed dividend u/s 2(22)(e) - assessee is a major share holder in loan granting company - Advance given for purchase of property - The words “loans or advances”...

Interest u/s 234C - interest for deferment of advance tax - If on a particular due date for payment of advance tax, the facts show that there is no liability to pay...

Levy of GST - time of supply - Mobilization Advance received - On reading the Receipt voucher no RTGS 223033 dated 8-2-21, the recipient deducted TDS under Section 51...

Referring matter to larger bench - It is not open to the Referral Bench to appreciate the judgment rendered by the earlier Bench as if sitting in appeal to hold that the...

Credit of TDS - government cannot sit over amount withheld and credit has to be allowed to the assessee in the year rent in advance is offered by the assessee for income.

Quick Updates: