Income Tax Survey : No physical discrepancy was found detected by survey team and excess value of stock was merely because of difference in valuation of closing stock
Income Tax Raid : Expenses offered for disallowance during search not found to be a false claim – For levy of penalty under section 271AAB, falsity of the expense was a pre-requisite
Rental income from letting out of factory building is a income from house property or income from other source ?
Taxing cash deposits without giving corresponding credits to the withdrawals is not justified especially where the assessee was a small trader
Section 44AD : Assessee’s request to restrict the rate from 8% to 3% on the contract receipts which was never substantiated by the books of accounts nor was a part of the provisions, can not be entertained
AO can not reopen the assessment based on material which was already available at the time of passing the original assessment order
Receipts from the sale of teak trees which were removed together with their roots constitute capital receipt: CA Naresh Jakhotia
GST Rate : Licensing services for the right to use minerals & Royalty paid to Government of Uttarakhand
What about Capital Gain exemption if the new house property is purchased in joint name with someone else? – CA Naresh Jakhotia
Whether assessee liable to pay capital gains tax if Bank sold the property of group concern as it failed to repay
Person doing B2B transactions of more than 95% not liable for section 269SU compliances : CBDT Clarified.
