Validity of Reassessment u/s 148 if AO failed to pass any speaking order in disposing of assessees objections
Transfer of the Assets for the Benefit of Spouse / Relatives Etc attracts the provisions of Section 64 (1) (vi)
Transfer of the Capital Assets by the way of distribution of Capital Assets on dissolution of the firm, Capital Gain could not arise as no transfer had taken place.
AO can’t treat a person as principal officer without forming his connection with management & administration of Co.
Bogus Share Capital Case: Photo copies of blank share transfer forms, blank signed receipts etc necessary for transfer of shares found with assessee are not admissible as evidence u/s 61 of Evidence Act and not incriminating in nature:ITAT Delhi
Compulsory Acquisition of the Urban Agricultural Land would be entitled to the benefit enumerated in section 10(37)
True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development rebate reserve even after the closure of the accounts
Press Release to clarify that no GST is applicable on Staff Payments to CEO and Directors of the company
If annual returns GSTR-9 /9A remains unfiled by taxpayer having turnover below ₹2 Crores, Portal won’t allow filing of annual returns after the due date : Clarified by CBIC
Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.
Any person can not be treated as principal officer without forming his connection with management & administration of Co.
Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT
