Sec. 68 additions justified if assessee failed to prove identities & creditworthiness of investors: HC
sum received by the assessee on sale of additional FSI, is not exigible for long term capital gains and the same is to be excluded under normal provisions of the Act
If there is an inseparable and the intention is to carry on the business of letting out the commercial property then rental income us taxable as “Profits and gains of business or profession”.
Kudos for excellent Representation by Maharashtra Tax Practitioners’ Association on issues faced by Taxpayer & Professionals on New Income Tax Portal
Clarification regardinq extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021.
GST: Show cause notice on an assumption that the driver of the vehicle might have indulged in the past in contravention of the provisions of the Act and the Rules: Such show cause notice based on conjectures and surmises is not tenable
Taxes levied overseas which are not eligible for relief either under section 90 or section 91 would not come within the purview of section 40(a)(ii)
When an appeal provision has been provided under the statute, the Authorities are not allowed to recover the amount payable unless there are extenuating circumstances.
There is no requirement of issuance of notice under section 143(2), when there is no valid return available before AO.
Madras HC directed AO to dispose of assessee’s objections against reopening of assessee by passing a speaking order.
