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Addition u/s 68 can be made on account of the share applicants’ lack of resources, and the woefully inadequate share capitals. Onassis Axles Private Limited Vs CIT, ITA No. 31/2013, Date of order: 13.02.2014, High court Delhi.
Central Govt Notifies CENVAT Credit (Third Amendment) Rules, 2014 w.e.f April 1, 2014 Amends Rule 7 pertaining to credit distribution by input service distributor.
Section 54F Deduction not allowable if assessee owns more than one residential house on the date of transfer. Income Tax Appellate Tribunal, Hyderabad. The ITO Vs. Ms. Apsara Bhavana Sai.
Central Govt Notifies CENVAT Credit (Third Amendment) Rules, 2014 w.e.f April 1, 2014 Amends Rule 7 pertaining to credit distribution by input service distributor.
Section 54F Deduction not allowable if assessee owns more than one residential house on the date of transfer. Income Tax Appellate Tribunal, Hyderabad. The ITO Vs. Ms. Apsara Bhavana Sai.