IT Judgement

Whether disallowance permissible u/s 43B if the statutory liabilities is shown as current liabilities and is never debited to Profit and Loss A/c ?

7 years ago

Whether disallowance permissible u/s 43B if the statutory liabilities is shown as current liabilities and is never debited to Profit…

IT Judgement

Welcome move by CBDT: Condonation in filing of Form No. 10 & 9A for the AY 2016-17

7 years ago

Welcome move by CBDT: Condonation in filing of Form No. 10 & 9A for the AY 2016-17 F.No.197/55/2018-ITA-IGovernment of IndiaMinistry…

IT Judgement

Whether exemption u/s 54 could be granted if all the conditions for exemption are not fulfilled.

7 years ago

Whether exemption u/s 54 could be granted if all the conditions for exemption are not fulfilled . Girish L Ragha,…

IT Judgement

Exemption u/s 54 available if Substantial domain and control over the property had passed to the Assessee

7 years ago

Exemption u/s 54 available if Substantial domain and control over the property had passed to the Assessee P.K. DATTA vs.…

IT Judgement

Whether the nexus between capital gain and amount of investment u/s 54 is necessary?

7 years ago

Whether the nexus between capital gain and amount of investment u/s 54 is necessary? Assessee is not required under the…

IT Judgement

Revenue cannot object to legitimate tax planning: Bombay HC

7 years ago

Revenue cannot object to legitimate tax planning: Bombay HC Case: PRINCIPAL COMMISSIONER OF INCOME TAX vs. ADAR CYRUS POONAWALLA …

IT Judgement

Whether benefit u/s 54(1) is available in case of sale of land adjoining to the building?

7 years ago

Whether benefit u/s 54(1) is available in case of sale of land adjoining to the building? The land appurtenant to…

IT Judgement

Once Assessee is in a position to show that it has been over assessed even due to assessee’s own mistake or otherwise, the Revenue has to assess correct income : Ahemdabad ITAT

7 years ago

Once Assessee is in a position to show that it has been over assessed even due to assessee’s own mistake…

IT Judgement

Whether exemption under section 54 is allowable if residential units of a house property are purchased from different persons?

7 years ago

Whether exemption under section 54 is allowable if residential units of a house property are purchased from different persons ?…

IT Judgement

Loan squared off by assessee by way of conversion of the loan into equity is violation of section 269T?

7 years ago

Loan squared off by assessee by way of conversion of the loan into equity is violation of section 269T? Where…

IT Judgement

Domain name registration fee is Income deemed to accrue or arise in India

7 years ago

Domain name registration fee is Income deemed to accrue or arise in India Rendering of services for domain registration was…

IT Judgement

S. 56(2)(vii) is a counter evasion mechanism to prevent money laundering of unaccounted income & does not apply to bona fide business transaction done out of business exigency

7 years ago

S. 56(2)(vii) is a counter evasion mechanism to prevent money laundering of unaccounted income & does not apply to bona…

Income Tax IT Judgement

Fact that residential house consists of several independent units cannot be a hindrance to allowance of exemption u/s 54

7 years ago

Prem Prakash Bhutani vs Assistant Commissioner Of Income … on 21 April, 2006 Equivalent citations: (2007) 110 TTJ Delhi 440Bench:…

IT Judgement

Two adjacent residential units but used as one single residential house, exemption allowable

7 years ago

Two adjacent residential units but used as one single residential house, exemption allowable Income Tax Appellate Tribunal – BangaloreSri D.…

IT Judgement

Whether brokerage paid is allowable while calculating capital gain?

7 years ago

Whether brokerage paid is allowable while calculating capital gain? Income Tax Appellate Tribunal –Mumbai Acit vs Mrs. Leela P. Nanda on…

IT Judgement

Capital gains Exemption u/s 54F is available, If builder defaults in-completion of construction.

7 years ago

Admittedly, assessee had invested sale proceeds of original asset for purchase /construction of new house within the stipulated period and…

IT Judgement

Provisions of sec. 40(A)(2) not applicable in case of co-operative society: Surat ITAT

7 years ago

Provisions of sec. 40(A)(2) not applicable in case of co-operative society: Surat ITAT Facts: a) Assessee had filed its return…

IT Judgement

Whether the expenditure to make a residential house habitable will be included in the cost of new asset?

7 years ago

Whether the expenditure to make a residential house habitable will be included in the cost of new asset? The words…

IT Judgement

Whether disallowance permissible u/s 43B if the statutory liabilities is shown as current liabilities and is never debited to Profit and Loss A/c ?

Welcome move by CBDT: Condonation in filing of Form No. 10 & 9A for the AY 2016-17

Whether exemption u/s 54 could be granted if all the conditions for exemption are not fulfilled.

Exemption u/s 54 available if Substantial domain and control over the property had passed to the Assessee

Whether the nexus between capital gain and amount of investment u/s 54 is necessary?

Revenue cannot object to legitimate tax planning: Bombay HC

Whether benefit u/s 54(1) is available in case of sale of land adjoining to the building?

Once Assessee is in a position to show that it has been over assessed even due to assessee’s own mistake or otherwise, the Revenue has to assess correct income : Ahemdabad ITAT

Whether exemption under section 54 is allowable if residential units of a house property are purchased from different persons?

Loan squared off by assessee by way of conversion of the loan into equity is violation of section 269T?

Domain name registration fee is Income deemed to accrue or arise in India

S. 56(2)(vii) is a counter evasion mechanism to prevent money laundering of unaccounted income & does not apply to bona fide business transaction done out of business exigency

Fact that residential house consists of several independent units cannot be a hindrance to allowance of exemption u/s 54

Two adjacent residential units but used as one single residential house, exemption allowable

Whether brokerage paid is allowable while calculating capital gain?

Capital gains Exemption u/s 54F is available, If builder defaults in-completion of construction.

Provisions of sec. 40(A)(2) not applicable in case of co-operative society: Surat ITAT

Whether the expenditure to make a residential house habitable will be included in the cost of new asset?

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