Credit co-operative societies is eligible for deduction u/s 80P even if they are dealing with nominal or associate member
Textile manufacturer receiving subsidy under TUFS scheme is a capital receipt or revenue receipt for income Tax purposes ?
Capital Gain Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long Term or Short Term Capital assets
Validity of Penalty under section 271(1)(c) if Assessee has not offeree interest income for tax due to wrong interpretations of the provisions of the Act
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
