Month: April 2019

Invocation of revisional powers by the CIT without holding an independent inquiry to repudiate the conclusions arrived at by the AO in the assessment order is erroneous

30 Apr 2019

Invocation of revisional powers by the CIT without holding an independent inquiry to repudiate the conclusions arrived at by the…

Capital Gain IT Judgement

Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC

30 Apr 2019

Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC IN THE HIGH COURT…

Income Tax IT Judgement

Question couldn’t be raised for first time before HC if same wasn’t framed during appellate proceedings

30 Apr 2019

Question couldn’t be raised for first time before HC if same wasn’t framed during appellate proceedings. PCIT v. Envision Investment…

Income Tax IT Judgement

If there is no nexus to show that unaccounted money has been routed under the garb of share trading, income from such activity cannot be taxed u/s 68

30 Apr 2019

If there is no nexus to show that unaccounted money has been routed under the garb of share trading, income…

GST

Another Controlling Feature in GS5 : E – invoice concept may find place in GST Law

29 Apr 2019

Another Controlling Feature in GS5 : E – invoice concept may find place in GST Law

IT Judgement

Payment of first installment and issuance of provisional letter of allotment is the date relevant for recognising assets as long term or short term

29 Apr 2019

Payment of first installment and issuance of provisional letter of allotment is the date relevant for recognising assets as long…

IT Judgement

Excise duty to be included in value of closing stock even if it was due but not paid by assessee

29 Apr 2019

Excise duty to be included in value of closing stock even if it was due but not paid by assessee…

IT Judgement

Share valuation report duly accepted by AO couldn’t be by tinkered with by CIT(A): ITAT

29 Apr 2019

Share valuation report duly accepted by AO couldn’t be by tinkered with by CIT(A): ITAT [2019] 104 taxmann.com 385 (Delhi – Trib.)…

Income Tax

Section 54F exemption available on purchase of plot and making an advance to builder for construction thereon

29 Apr 2019

Section 54F exemption available on purchase of plot and making an advance to builder for construction thereon Smt. Sabita Devi…

Income Tax

No capital gain if transaction related to transfer of property didn’t materialize: ITAT

29 Apr 2019

No capital gain if transaction related to transfer of property didn’t materialize: ITAT Appasaheb Baburao Lonkar v. ITO – [2019]…

Income Tax

Taxation of investments in Bonds, Debentures & Mutual Funds

29 Apr 2019

Taxation of investments in Bonds, Debentures & Mutual Funds With the drastic fall in the interest rate of bank FDR,…

GST

GST Annual Return Analysis

29 Apr 2019

GST Annual Return Analysis BACKGROUND:GST is a major tax reform in India which has removed the barriers in inter-state trade.…

TDS

Nadiawala, Film Producer, jailed for delay in deposit of TDS of mere Rs. 8.56 Lakh

29 Apr 2019

Nadiawala, Film Producer, jailed for delay in deposit of TDS of mere Rs. 8.56 Lakh

IT Judgement

Non-recording of satisfaction by AO of searched person and unsigned order sheet makes assessment u/s 153C invalid

29 Apr 2019

Non-recording of satisfaction by AO of searched person and unsigned order sheet makes assessment u/s 153C invalid Overview : There…

Income Tax

NFRA takes over investigation of Auditors Role in IL & FS Crisis

29 Apr 2019

NFRA takes over investigation of Auditors Role in IL & FS Crisis

Income Tax

Income tax raid & validity of -Assessment u/s 153C on the basis of documents seized in case of third party which does not mention assesse’s name in any legal paper and no relationship is established with searched party

29 Apr 2019

Income tax raid & validity of –Assessment u/s 153C on the basis of documents seized in case of third party…

Income Tax

Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement

29 Apr 2019

Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement Overview: As…

Company Law Income Tax salary

Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197

29 Apr 2019

Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197 (Pdf-embedder…

Month: April 2019

Invocation of revisional powers by the CIT without holding an independent inquiry to repudiate the conclusions arrived at by the AO in the assessment order is erroneous

Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC

Question couldn’t be raised for first time before HC if same wasn’t framed during appellate proceedings

If there is no nexus to show that unaccounted money has been routed under the garb of share trading, income from such activity cannot be taxed u/s 68

Another Controlling Feature in GS5 : E – invoice concept may find place in GST Law

Payment of first installment and issuance of provisional letter of allotment is the date relevant for recognising assets as long term or short term

Excise duty to be included in value of closing stock even if it was due but not paid by assessee

Share valuation report duly accepted by AO couldn’t be by tinkered with by CIT(A): ITAT

Section 54F exemption available on purchase of plot and making an advance to builder for construction thereon

No capital gain if transaction related to transfer of property didn’t materialize: ITAT

Taxation of investments in Bonds, Debentures & Mutual Funds

GST Annual Return Analysis

Nadiawala, Film Producer, jailed for delay in deposit of TDS of mere Rs. 8.56 Lakh

Non-recording of satisfaction by AO of searched person and unsigned order sheet makes assessment u/s 153C invalid

NFRA takes over investigation of Auditors Role in IL & FS Crisis

Income tax raid & validity of -Assessment u/s 153C on the basis of documents seized in case of third party which does not mention assesse’s name in any legal paper and no relationship is established with searched party

Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement

Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197

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