Interesting Judgment: Cost of construction of the building on the LEASEHOLD Land is a Revenue expenditure or Capital expenditure?
CBDT Responding Proactively : Grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-21
AO to delete the penalty levied u/s 271B of the Act for not furnishing the tax audit report as required u/s 44AB of the Act, due to technical reasons.
Beneficial Judgment : Capital gains exemption admissible even if Execution of sale deed and possession got delayed beyond stipulated period
Invoking the provisions of section 263 of the Act and passing the order without making necessary enquiries and investigations
VSAT (Very Small Aperture Terminal) management fee charged towards supply of goods cannot be subjected to service tax
Advances received by assessee & adjusted against the sales made to the concerned parties could not be treated as unexplained cash credit under section 68
Set-off and carry forward accumulated loss and unabsorbed depreciation relating to amalgamating company & Condition of minimum level of production
Landmark judgment on admissibility if Capital gains upon Construction of residential house over leasehold Land
Non-compete fees by a non-resident company having no permanent establishment in India was not liable to tax
The Institute of Chartered Accountants of India ( ICAI ) announces the dates of results of CA Final Exams (Old Course & New Course)
If property is not legally occupiable and not occupied then assessee could not be made liable to pay tax on notional rental income
