GST: If society is not set up by an Act of State Legislature or established by Government then it is not a Government entity
Payment done prior to transfer of capital assets and flat purchase completed within 3 years: Whether Capital gain exemption available?
AO can’t withhold refund to adjust it with demand if no such demand exists at time of refund declaration: HC
Payment of Late Fee under the Income Tax Act – 1961: Allowable deduction or not? Whether the Tax Auditor should report it in an audit report?
Gain arising on sale of the business assets (depreciable assets) is in the nature of business income, though it is taxed under the head ‘Capital Gains’
Interesting issue: Sale of Depreciable asset after assessee discontinued claiming depreciation on the assets