Benefit match fee received by a retired cricketer is a capital receipt not liable for income tax
Benefit match fee received by a retired cricketer is a capital receipt not liable for income tax Where assessee, who…
IT Judgement
Order passed in hurry to avoid the bar of limitation & C.I.T. power u/s 263 to conclude that the assessment order is erroneous & prejudicial to the interests of the Revenue: Principal laid down by Supreme Court in the case of Amitabh Bachan
Commr.Of I.T-I.Mumbai vs Amitabh Bachchan on 11 May, 2016 RANJAN GOGOI, J. SLP(C) NO. 11621 OF 2009 1. Leave granted.…
CBDT Directive Regarding Audit Of Charitable Trusts Registration Process
CBDT Directive Regarding Audit Of Charitable Trusts Registration Process The CBDT has issued a directive dated 14th December 2018 requiring…
DCIT directed to pay costs of Rs. 1.50 Lakh from salary to the Assessee for illegal tax recovery.
DCIT directed to pay costs of Rs. 1.50 Lakh from salary to the Assessee for illegal tax recovery. Nu-Tech Corporate…
Allowability of Deduction towards interest paid if of interest of Interest-free loan given to sister concern
Allowability of Deduction towards interest paid if of interest of Interest-free loan given to sister concern C.R. Auluck & Sons…
Reopening of Assessment not justified if AO is satisfied in respect of any claim during assessment proceeding
Rubix Trading Pvt.Ltd vs The Income-Tax Officer-3(3)(1) … on 20 December, 2018 Mr. Madhur Agarwal I/b Mr. Atul Jasani for…
Reopening of Assessment- Prayer of Assessee for interim relief rejected
Mitul J Shah vs Dy Commissioner Of Income Tax … on 20 December, 2018 RESERVED FOR ORDER ON: 14th DECEMBER,…
Exception from online filing of application under section 197 and 206C (9) in the cases of NRIs and resident applicants
Exception from online filing of application under section 197 and 206C (9) in the cases of NRIs and resident applicants…
Exemption u/s 54F can still be allowed if sale consideration is invested to purchase new residential flat before date specified u/s 139(4) : ITAT
Exemption u/s 54F can still be allowed if sale consideration is invested to purchase new residential flat before date specified…
“Exceptional case when 50C is not applicable by Bombay High Court”
S. 50C Capital Gains: The valuation of the stamp authority cannot be adopted for the purpose of collecting capital gain…
Penalty u/s 271B for Non-filing of audit report u/w 44AB for Assessee engaged in providing accommodation entries to entry seekers against commission
Penalty u/s 271B for Non-filing of audit report u/w 44AB for Assessee engaged in providing accommodation entries to entry seekers…
Capital gains vis a vis Transfer u/s 2(47)(v) through GPA and JDA registered containing intention of owner
Capital gains vis a vis Transfer u/s 2(47)(v) through GPA and JDA registered containing intention of owner Once registered GPA…
Deduction towards interest expenses if interest free advances given to sister concern- case of Reliance Communications Infrastructure Ltd.
The Commissioner Of Income Tax-7 vs M/S.Reliance Communications … on 28 March, 2012 ORAL JUDGMENT (PER DR.D.Y.CHANDRACHUD, J.) : This…
Deduction towards legal expenses and professional charges paid towards criminal offence committed in personal capacity & not in professional capacity- Salman Khan Case
Salman Khan, Mumbai vs Department Of Income Tax on 18 February, 2008 ORDER Per T.R. Sood (AM) : I.T.A. No.2836/Mum/2008…
Whether the failure to issue a notice under Section 143(2) of the Act in course of reassessment proceedings would vitiate the reassessment proceedings altogether?
Principal Commissioner Of Income … vs Oberoi Hotels Pvt. Ltd on 22 June, 2018 The Hon’ble JUSTICE SANJIB BANERJEE And…
Search of Locker – Importance of the word “Reason to believe” & “Reason to suspect”
Search and seizure—Authorisation under s. 132(1)—Reason to believe vis-a-vis search of locker—Satisfaction note dismally ignores the statutory mandate and requirements…
Mere issue of notice under section 142(1) would not confer jurisdiction to levy interest under section 234A.
Mere issue of notice under section 142(1) would not confer jurisdiction to levy interest under section 234A. When section 234A…
 would not confer jurisdiction to levy interest under section 234A.){kind=link}
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