Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Treatment of income surrendered during the survey - income subject to special rate of tax OR Business income - provisions of section 115BBE without allowing set off of expenses or any allowance or set off of losses of earlier year, w.e.f. 1.4.2017 is in prospective in nature and not applicable to earlier years - in present case, the surrender had been made on account of undisclosed debtors hence will be treated as business income
Treatment of income surrendered during the survey - income subject to special rate of tax OR Business income - provisions of section 115BBE without allowing set off of expenses or any allowance or set off of losses of earlier year, w.e.f. 1.4.2017 is in prospective in nature and not applicable to earlier years - in present case, the surrender had been made on account of undisclosed debtors hence will be treated as business income
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
