Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Page of 4826
Press 'Enter' after typing page number.
5441 to 5460 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Online gaming receipts were held to be taxable only on net winnings, not on a gross figure isolated from the gaming platform data; where BuyIn exceeded winnings, the result was a loss and the addition under section 115BB could not stand. The disallowance of Chapter VI-A deductions and house property interest was not finally decided because the assessee produced an updated return statement and challans for the first time before the Tribunal; the matter required factual verification, and the addition was to be deleted if tax had already been paid on the same amount.
Online gaming receipts were held to be taxable only on net winnings, not on a gross figure isolated from the gaming platform data; where BuyIn exceeded winnings, the result was a loss and the addition under section 115BB could not stand. The disallowance of Chapter VI-A deductions and house property interest was not finally decided because the assessee produced an updated return statement and challans for the first time before the Tribunal; the matter required factual verification, and the addition was to be deleted if tax had already been paid on the same amount.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
