“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting it
“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting it
Validity of Addition under section 68 when redeemable preferential shares have been redeemed to the investor companies in subsequent years which was much prior to the search
No disallowance under section 40A(2)(b), once the net profit is estimated at a certain percentage of turnover
Caution Point: When co-owners employ their assets in a joint enterprise with a view to earn profit, by reason of their common purpose or common action they constitute an AOP
Charitable Trust: Accumulation of Income u/s 11(2) & its application thereafter- Confusions & Clarifications
Power of inspection, search or seizure & Fundamental rights of citizens by authoritarianism vis a vis Powers of officers
Capital gains when the Permissive possession was not handed over to builder during the concerned year in terms of JDA
GST: Conversion from Composition Scheme to Regular Scheme and from Regular Scheme to Composition scheme
Capital gains when the Permissive possession was not handed over to builder during the concerned year in terms of JDA
