Even temporary transfer attracts capital gain

CBDT Action plans for the first Quarter of FY 2019-20 stipulates auction sale of 20% properties attached till 31.03.2019 per TRO

ITC on passenger vehicles shall be available when those are leased to vendors on rent.

Interesting case- If there is no incriminating material found during the course of search AO cannot make any addition on the basis of information called during assessment proceeding.

Date of allotment is the date of purchase for capital gain computation & exemption: Mumbai ITAT

Forex fluctuation gains on loan taken for purchase of ships entitled to benefit of tonnage taxation scheme Inbox x

Revisionary proceedings could be initiated by CIT if view taken by AO was clearly unsustainable in law

Know the Changes in Income Tax Form For AY 2019-20

Interest income is not seperately assessable & can be adjusted against interest expenditure incurred by the assessee

Kerala Cricket Association Vs Addl CIT – Whether Writ Courts are not expected to dispose of the entire appeal merely on the basis of their decision on any particular issue under consideration?

CBDT issued Central Action Plan for first Quarter of FY 2019-20

CIT(A) can not refuse to adjudicate the additional grounds raised by the assessee if directed by ITAT

Addition is justified u/s 68 as shares issued at huge premium were subscribed by persons having nominal income

Extension of Filing of one time return in DPT -3 Form

Premium paid on acquisition of securities can be amortized if they are acquired at a rate higher than the face value

Indians going abroad & Taxation thereof

GST : Supply of ice-cream by applicant from its retail outlets would be treated as supply of ‘goods’

Interesting Judgement: Period of holding commences from the date of agreement to purchase and date of possession is irrelevant .