If rent is due for receipt only after fulfillment of certain conditions precedent, which are not yet fulfilled, then no addition for Income from house property is to be made : Mumbai ITAT
“AO cannot ask for payment of even 20% of Disputed Tax till the disposal of the appeal by CIT-A – Bombay HC Decision”
Withdrawal of Circular No.10/2018 dated 31.12.2018 on applicability ofsection 56(2)(viia) of the Income Tax Act, 1961 for issue of shares by a company in which public are not substantially interested.
Section 80DD needs amendment to allow relief if maturity sum given before death of insured person: Supreme Court
Proceedings u/s 153A are analogous to proceedings under section 147, i.e., reassessment, to the extent that these proceedings are for the benefit of revenue and not that of the assessee
Notice u/s 148 invalid if other company charged for providing accommodation entry for merged with assessee company and thereby lost its legal existence
CGST : Public charitable and religious trust engaged in advancement of religious and spiritual teachings also engaged in sale of spiritual goods is said to be in ‘business’ and therefore attract provisions of CGST Act, 2017
Activity of running school buses to facilitate transportation of students and staff, whether a commercial activity so as to result in denial of exemption u/s 11?
Method of valuation of stock consistently followed by assessee and accepted by AO in preceding years, cannot be changed by AO without any substantial reason: Jaipur ITAT
For section 50C, AO should refer capital asset to DVO for valuation even if not prayed for: Mumbai ITAT
