Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Benefit of section 44AE - If the assessee was having more trucks ...

Income Tax

July 23, 2015

Benefit of section 44AE - If the assessee was having more trucks and for that reason, the assessee is not covered u/s 44AE then some evidence should have been brought on record by the AO to show that the assessee was having more trucks AT

View Source

 


 

You may also like:

  1. Business of plying of trucks - computation u/s 44AE - Assessee has sold 7 and acquired 4 - allegation of benami ownership of trucks - no incriminating evidence were...

  2. Additions towards Undisclosed profit from contract work and transport income - The tribunal found that the assumptions made by Ld. AO are without any basis, on the...

  3. Transport Vehicle, deemed income u/s 44E, mere showing higher income does not make the assesse liable to tax audit u/s 44AB, income taxable u/s 44AE

  4. Foreign exchange hedging loss - AO has failed to bring any material evidence on record to support its stand that the loss suffered by the Assessee was speculative loss - AT

  5. The assessee under consideration has one truck only and the same was being used for purpose of business, hence depreciation should be allowed to the assessee - since the...

  6. Disallowance of assessee’s claim for depletion of closing stock - sales to related parties - there was no justifiable reason for the AO to reject the said evidence and...

  7. Travelling & conveyance (Director) expenditure - assessee shown its inability to produce any documentary evidence - Disallowance of 25% made by the AO is not unreasonable - AT

  8. Assessment of trust - addition being loans from three parties - It is well settled Law that assessee need not to prove source of the source. A.O. entirely on different...

  9. Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages u/s 44AE - It is clear that sec. 44AE, a non obstante clause,...

  10. Addition of the depreciation from contract income and Tripper income - claim not made by the assessee in his return of income since assessee had shown his income under...

 

Quick Updates:Latest Updates