Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement
Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197
How long Accounts and Records are required to be preserved under various existing laws – A short Compilation
Interesting case on Transitional credit if Input tax credit on the basis of documents evidencing payment of duty
Beneficial interpretation : Even capital gain computed u/s 50 is eligible for capital gain exemption u/s 54F. It’s an interesting Income Tax Act -1961.
For penalty u/s 271(1)(c), the specific ground which forms the foundation has to be spelt out in clear terms.
When assessee had substantial mixed funds comprising of internal and external funds to take care of the investments, no disallowance can be made under Rule 8D(2)(ii)
When the Tribunal itself has recorded conflicting findings of the AO and the CIT(A) and the High Court has overlooked this fact, it is a fit case for remand
