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No Change In Opening And Closing Stock Of NCDs; Bombay High Court Quashes Reassessment Notice

The Bombay High Court has quashed the reassessment notices as there was no change in the opening and closing stock of the non-convertible debts (NCDs).The Bench of Justice K. R. Shriram and Justice.

Justicekr shriramMadhur agrawalIncome tax international taxationExchange board of indiaBombay high courtJustice neela gokhaleExchange boardJurisdictional assessing officerIncome taxInternational taxationFor appellant

Issuance Of Letters Of Comfort/Support Will Construe As International Transaction U/s 92B: Mumbai ITAT

The Mumbai ITAT recently ruled on selection of comparable and transfer pricing adjustment on account of non-recovery of charges for providing letter of comfort/support and royalty in case of.

Madhur agrawalSandeep singh karhailVachashpati tripathiCounsel for departmentInmacs management services ltdAxis integrated systems ltdPrashant maharishiAccountant memberSandeep singhJudicial memberTax payerMumbai itatTransfer pricing adjustmentNon recoveryLetter of comfort supportPublic domain

Industrial Undertaking Eligible For Deduction U/s 80IB On Compensation For Destruction Of Goods Before Sale Took Place: Mumbai ITAT

On finding profits and gains derived from an industrial undertaking within the meaning of an expression under section 80-IB, the Mumbai ITAT directed the Assessing Officer to allow deduction u/s 80-IB.

Madhur agrawalSportking india ltdDelhi high courtAssessing officerIncome tax actKavitha rajagopalJudicial memberPrashant maharishiAccountant memberMumbai itatEduction section 80 ibIndustrial undertaking

AO Has No Jurisdiction To Assess Or Reassess Income Which Was Subject Matter Of Appeal: Bombay High Court

The Bombay High Court has held that the AO has no jurisdiction to assess or reassess any income, which was the subject matter of an appeal.The bench of Justice K.R. Shriram and Justice Neela Gokhale.

Madhur agrawalJusticekr shriramAppellate authorityBombay publicBombay high courtJustice neela gokhaleIncome tax actSocieties registration actBombay public trustHall chargesIncome taxAssessing officerFor petitioner

1,500 Cars, 4,500 Two-Wheelers Sold On Dhanteras: FADA

1,500 Cars, 4,500 Two-Wheelers Sold On Dhanteras: FADA
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Ashish pandeyMadhur agrawalSarafa bazaar associationFederation of automobile dealers associationMadhya pradeshAutomobile dealers associationBazaar association