“SENIOR CITIZEN : RELIEF FROM PAYMENT OF ADVANCE TAX”
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Query 1] I had purchased a flat in 2006 in Pune for Rs. 18 Lacs. I am selling this flat…
Month: February 2014
“HOUSING LOAN DEDUCTION ADMISSIBLE EVEN IF THE HOUSE IS LYING VACANT”
Query 1] I have taken home loan of 25,00,000/- in the year 2011 for residential flat at Thane. And…
Recent Posts
- Without any evidence to doubt the genuineness, the resultant capital loss cannot be disallowed: ITAT Mumbai
- Actual turnover of Kaccha Aarahtias (commission agents) is the commission charged and not the total sale proceeds on behalf of their principals: TDS credit allowed by ITAT Visakhapatnam
- Audit Memo do not fall within the ambit of the term “information” as provided in Explanation 1 to Section 148 of the Act w.r.t Finance Act 2021
- Penalty cannot be imposed on disallowance of 80P claim which is highly debatable
- Newly notified Section 16(5) opens the door for revisiting denied ITC claims for specific periods – Kerala HC Ruling
- Since Appellant acted in a bona fide manner and made necessary adjustments by the end of the financial year, there is no liability of interest under section 201(1A): ITAT Mumbai
- Penny stock addition deleted by ITAT Mumbai as no role has been attributed and/or established qua rigging of the shares
- Interest reimbursed to the sister concerns is not an income & there is no statutory obligation to deduct TDS under Section 194A: ITAT Mumbai
- Liabilities disclosed in the balance sheet by the assessee, if acknowledged and supported with evidence, cannot be treated as remission or cessation of liability under Section 41(1) of the Income-tax Act, 1961: ITAT Delhi
- Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows the TDS Credit
