Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper

AO is not obliged to grant deduction u/s 80P by merely looking at the certificate of registration

Interesting case: Taxability of amount claimed to be received as nominee of deceased friend

No denial of sec. 54 exemption if delay in getting possession of flat was on account of builder

The fact that the company is loss-making does not mean that shares cannot be allotted at premium.

High Court cannot hear the appeal bipartite without framing any substantial question of law.

Even if the purchases are bogus, the entire purchase amount cannot be added: Bombay HC

Reopening of assessment is not valid if the Assessing officer was well aware of the facts. Whether assessee disclosed it or not is irrelevant.

Reopening of assessment is not valid if the Assessing officer was well aware of the facts. Whether assessee disclosed it or not is irrelevant.

Conversion of outstanding interest into loan does not amount to “actual payment” U/s 43B

Know about GST on Goods transport agency (GTA)

Charity paid at the time of purchase cannot form the part of Purchase consideration: Supreme Court

Landmark & Chronicle Judgement Valuation of equity shares done bymerchant banker for issue of at premium without evidence furnished as to suitability of DCF method for valuation is not acceptable

Composition Scheme now available for Service Providers also

Deduction towards cost of improvement in respect of construction if no supportive evidence available

New Clauses 31(ba) to (bd) inserted in Form 3CD

Interesting case: Annual Maintenance Contract (AMC) expenditure of computer – Whether liable for TDS U/s 194C or section 194J ?

Validity of Addition under section 68 on Receipt of share application money