Purchase of property below stamp duty valuation : Whether Section 56(2)(vii)(b) Addition by adopting Land Value of Adjacent Area is unjustified?
If no incriminating material was found during course of search to prove that assessee paid over and above what was stated in its books, there no justification to assume jurisdiction u/s 153C
Commission agent & Traders in APMC, Money Changer, and Cash Replenshipment Agencies not subject to TDS U/s 194N on cash Withdrawal : CBDT Clarified
Applicability of section 50C & 56(2)(x) where agreement to sale was done before the date of its applicability
Landmark Judgement by ITAT : Confirmed addition of Rs. 196 Cr of Black Money Stashed abroad in Swiss Bank
Expenses incurred “in connection with transfer” is allowable as deduction while computing capital Gain
Loss Set-off of non-STT paid long-term capital gain on sale of shares with STT paid long-term capital loss on sale of shares
Lease premium paid did not constitute capital expenditure but it is a revenue expenditure because by incurring such expenditure the assessees did not acquire any asset but only facilitated carrying on the business