Interesting Judgment or Tax Planning : Capital gains u/s 45(4) against Sum of a money received by retiring partner towards value of its share in firm
Demonetisation Helpful Case: When a receipt is accounted for as income, no separate addition of the same amount as income of the assessee under any other Section of the Act can be made
Landmark Judgment: If AO passes reassessment order without disposing of objections raised by assessee, such assessment order will be without jurisdiction and only consequence which can follow is to declare the assessment order null and void
Profits realized on sale of agricultural land is exempt if there is no evidence on record to show that it is a business transaction
Interesting Judgment: Whether extinguishing of right to carry out a speciality business is taxable as Capital Gain Income ?
Admissibility of Capital gains Exemption under section 54G from sale of its godown situated in an urban area and which is then relocated in a non-urban area
Deduction u/s 80P(2): If the income isderived from the business of banking, then only it will fall within the exemption.If it arises from and out of the business with third party as in case of investment of surplus assets, the exemption is not available
Query- I am a proprietor of three firms which are under tax audit. However, I am allowed to upload only one tax audit report. What is the remedy?
