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Section 40A(3) applicability when ITR was revised after survey to preclude Cash Expense
Income Tax
CA Pratibha GoyalJun 4, 2022

Section 40A(3) applicability when ITR was revised after survey to preclude Cash Expense

ITAT allows claim of unabsorbed brought forward depreciation and business loss in the absence of business activity
Income Tax
CA Ayushi GoyalJun 4, 2022

ITAT allows claim of unabsorbed brought forward depreciation and business loss in the absence of business activity

Notice u/s 148 issued by non-jurisdictional Assessing Officer will render assessment proceedings invalid
Income Tax
CA Ayushi GoyalJun 4, 2022

Notice u/s 148 issued by non-jurisdictional Assessing Officer will render assessment proceedings invalid

Bogus Purchase: Income Tax Addition can be best limited to GP Ratio
Income Tax
CA Pratibha GoyalJun 4, 2022

Bogus Purchase: Income Tax Addition can be best limited to GP Ratio

Sec 12A/80G registration: No need to produce bills for period prior to application when audit report has been submitted
Income Tax
CA Pratibha GoyalJun 4, 2022

Sec 12A/80G registration: No need to produce bills for period prior to application when audit report has been submitted

Disallowance of expense u/s 40(A)(2)(b): The burden of proof of excessive/unreasonable expense is on AO
Income Tax
CA Deepak GuptaJun 4, 2022

Disallowance of expense u/s 40(A)(2)(b): The burden of proof of excessive/unreasonable expense is on AO

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