Failure to attach board report along with financial statement in annual filing is compoundable offence
Section 50C is a deeming provision. Assessee is entitled to challenge the correctness of the DVO’s valuation before the CIT(A) and the Tribunal.
GST: contention of assessee that he was not doing any business in respect of sale or purchase of the goods and is only providing vehicles for transporting is to be rejected
Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1).
Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner?
Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by department
Whether the expenditure referred to in Section 40A(3) refers only to the expenditure that could be claimed as a deduction under Section 37 or to any payment made by the assessee and taken into account in computing the total income under the provisions of the Income-tax Act, 1961 ?
Whether Transfer of funds from NRO (Non Resident Ordinary) account to NRE (Non Resident External) requieea CA Certificate in Form 15CB?
Income from redemption of units of mutual fund in the hands of firm formed with an object to carry out money lending business – Whether business income or capital gain income ?
Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB
No penalty if no TDS due to wrong declaration by truck owner under form 15 – I as to number of trucks owned by him
