No capital gain exemption if there is a lack of basic amenity or if there is just a temporary makeshift shelter/ superstructure of insignificant worth : Ahmedabad ITAT
Order passed u/s 144C without intimating variations in income through draft assessment order set aside by ITAT
Capital gains exemption under section 54EC if there is a delay in receipt of sale consideration amount and amount is invested after prescribed time period
Expenses incurred after setting up of business but before the commencement of business are deductible as revenue expenses.
Action for TCS default can be taken within a reasonable period only even if no limitation period is prescribed under the Act
Addition can not be deleted on ground that assessee used to show higher stock to avail high cash credit limit from bank
Completed assessment could not be interfered with while framing assessment under section 153A in the absence of incriminating material discovered during search.
Applicability of GST on Profit Sharing Agreement between applicant as an employee and the shareholder
Inter-trust donation by one charitable trust to another for utilization by the donee trust towards charitable objects is proper application of income for charitable purpose
Merely because a debt has not been repaid for over 3 years would not automatically imply cessation of liability. Limitation period may not be relevant for taxation under the IncomeTax Act.
