Charging section & computation provisions together constitute an integrated code: SC in B.C. Srinivasa setty case
How to verify whether the customer is filing income tax returnor not – New facility for its verification of TDS Rate on cash withdrawal U/s 194N
TDS on payment to NRI ass Fees for Technical Services or Business Income or Independent Personal services (IPS).
Capital gain exemption from the date of realization of sale proceeds and not from the date of conversion of capital assets in to stock in trade:
Slump Sale: Nature of LTCG in such case is business only and accordingly, brought forward business loss can be set off against LTCG arising out of slump sale.
Onus of establishing the conditions of taxability is always on the Revenue and the burden lies on the Revenue to show that there is an understatement of the consideration.
If the construction of house started but not completed within prescribed time, exemption u/s 54 would not be available
Not allowing an opportunity to cross-examine witnesses is a serious flaw which can make impugned order nullity as it amounts to violation of principles of natural justice
Newly incorporated Company to automatically get enrollment certificate and registration certificate under the Maharashtra Professional Tax Act, 1975
PSU employee can not be treated as “Government Employee” for the purpose of taxation of Leave Encashment Under Section 10(10AA)(i)
