Double taxation relief–Agreement between India and USA–Royalty–Payment towards sale of software for limited use
Supreme Court suggested to the high courts not to grant anticipatory bail to those who default on the goods and services tax
Delay in issue of Annual Transfer Order of Income Tax Authority – A representation worth implementing
GST Audit : Department should carry out the audit in a manner so as to cause no inconvenience to the taxpayers
Capital gains—Deduction under section 54—Re-investment of capital gain arising on sale of three adjoining flats
Assessment under section 153C is invalid if there is non-recording of satisfaction by AO of searched person
Interesting case: Capital gains exemption u/s 54 towards Allotment of flats as sales consideration amounted to investment in new residential house
Addition need to be deleted or assessment need to be quashed if it is based on statement of a witness and assessee is not offered opportunity of cross-examination.
Allegation that the Co is a penny stock co whose share price has been artificially rigged by promoters/brokers/operators to create non-genuine LTCG is not sufficient.
