Capital gain exemption is available if taxpayer secures possession of the property within prescribed time frame even if the registration of sale deed could not be executed
Allowability of Capital gain Exemption under section 54B if agricultural land is purchased in the name of son
Partners’ shares of agricultural income from the firms cannot be included for rate purpose while computing their other income.
CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB: Relaxation or Penalty ?
Direct Nexus is not required to be established. Once investment was more than capital gain earned by assessee, capital gain exemption is admissible.
Whether capital gain exemption would be admissible if the investment in the new property is done by borrowed capital?
GST leviable only on difference between selling and purchase price of second hand jewellery: AAR Karnataka
No Penalty under section 271(1)(b) for non compliances with the notices if the order was passed under section 143(3): Delhi ITAT
Interesting Case: Validity of addition on account of difference in cost of construction as shown by assessee and as valued by the valuation officer
Fine of Rs. 25,000/- imposed on the officer personally for delay in filing SLP. If the Government suffers losses, it is time when the concerned officer responsible for the same bears the consequences: Supreme Court
Compilation of problems being faced in relation to New Income Tax Portal: An excellent representation by District Taxation Bar Association (Direct Taxes), Ludhiana
Respected Hon’ble Prime Minister Sir, Why Infosys? Why not cancel the deal? Why not restore the old portal?
Considering the definition of ‘member’ under the Kerala Act, loans given to nominal members would qualify for deduction u/s 80P(2)(a)(i): Supreme Court
Respected Hon’ble Prime Minister Sir, Why Infosys? Why not cancel the deal? Why not restore the old portal?
