Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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Section 41(1)

Whether remission of loan can be assessed as income under section 41(1) for the purposes of MAT 4 min read

Income Tax

Whether remission of loan can be assessed as income under section 41(1) for the purposes of MAT

Sourav 9 years ago

Section 41(1)/ 115JB of the IT ACT: The Entire provision contained under the law clarified whether the remission of loan can be assessed as income... Read More

Cessation and Remission of trading liabilitying Officer needs to investigate and bring on records the material before adding to the Income of assesse 4 min read

Income Tax

Cessation and Remission of trading liabilitying Officer needs to investigate and bring on records the material before adding to the Income of assesse

Sourav 9 years ago

Facts of the Case- as derived from the record are that in the course of assessment proceedings. The A.O. found that the assessee’s balance sheet... Read More