Whether tax is liable to be deducted at source from sale consideration payable to a non-resident transferor who sells immovable property?
Transfer of immovable property is effective only on registration of conveyance deed, It is not applicable for computing the holding period: Mumbai ITAT
Reasons cannot be the basis for reopening assessment in case of assessee before us. Merely because addition has been made in hands of co-owner, no presumption could be drawn that income has escaped assessment in the hands of assessee, without there being independent ‘reasons to believe’, based upon cogent materials: DELHI TRIBUNAL
A remarkable and far reaching judgemnt is passed by ITAT in the case of famous cricketer Sachin Tendulkar
Draft of Disclosures required in Tax Audit Report on ICDS (Income Computation and Disclosure Standards) notified by CBDT
