When any right in respect of capital assets is extinguished and that right is transferred to someone, it would amount to transfer of a capital asset: Says Kolkata Tribunal
Opinions given by the chartered accountants in report u/s 44AB are not binding either on the assessees or on the assessing officer
Auditors- Don’t complete audit in a hurry to save your clients. Else, who will bear penalty of Rs. 10,000/-
Validity of Depreciation Claimed for first time in return filed under section 153A, pursuant to search operation
Neither agricultural activities carried out in land nor land situated beyond 8 km. of local municipal limits- Whether capital gain & section 50C applicable?
Penalty under section 271B–Non-filing of audit report under section 44AB–Imposition of–Assessee engaged in providing accommodation entries to entry seekers against commissioner
Where assessee issued shares at premium, appropriate method to arrive at ‘fair market value’ (FMV) would be at option of assessee
Amount paid prior to one year for purchase of flat but sale deed executed within ome year- whether capital gain exemption available?
Nature of Supply goods or job work-Fabrication & fitting out bus bodies on chassis supplied by customers