Interesting Judgment : Reassessment not valid if done without disposal of assessee’s objections to reasons for reopening
Exemption under section 54F is available even if the amount is not deposited in capital gains tax account scheme
Compensation received by builder for extinction of its right to sue was non-taxable capital receipt: Mumbai ITAT
Late Fee u/s 234E of the Income Tax Act is nothing but a privilege or special service allowed to a deductor for late filing of the TDS statements
Validity of Refusal to registration u/s 12A on ground that objects of Trust were for betterment of Jain Community and for benefit of the people of Jain Community
Taxation of Rental Income on Notional Basis : Since the property was legally not occupiable and not occupied, Charging of tax on notional rental basis do not arise at all.
Cricket as a Charitable Object: Landmark Judgment in Punjab Cricket Association : Held that the commercial exploitation of the popularity of the game andthe property/infrastructure held by the assessee is not incidental to the main object but is one of the primary motives of the assessee.
Whether EPF payment beyond due date specified under the PF Act is an allowable expenditure u/s 36(va)?
Interesting issue in Capital gains : Possession of property provided to transferee in the year 1991 & Sale deed executed in the year 2009