IT JudgementCharitable trust & Deemed Registration under section 12A22 Oct 20180Charitable trust & Deemed Registration under section 12A Where application for registration under section 12A is not disposed of by…
IT JudgementNotice issued u/s 143(2) issued by the AO before the assessee files a return of income has no meaning!!20 Oct 20180Notice issued u/s 143(2) issued by the AO before the assessee files a return of income has no meaning!! Section…
IT JudgementApplicability of TDS U/s 194C towards Lorry charges paid to different truck owners for transportation of goods20 Oct 20180Applicability of TDS U/s 194C towards Lorry charges paid to different truck owners for transportation of goods Where assessee had…
IT JudgementThe ITAT is an adjudicator and not an investigator. It has to rely upon the investigation / enquiry conducted by the AO20 Oct 20180The ITAT is an adjudicator and not an investigator. It has to rely upon the investigation / enquiry conducted by…
IT JudgementHawala Purchases- only condition to be satisfied for reopening is that taxable income has escaped assessment20 Oct 20180Hawala Purchases – only condition to be satisfiled for reopening is that taxable income has escaped assessment In case of…
IT JudgementAdvance u/s 54G be allowed for utilization of capital gain?19 Oct 20180Advance u/s 54G be allowed for utilization of capital gain? Section 54G provides for the exemption of taxability of capital…
IT JudgementValidity of Assessment if there is Non-issuance of notice under section 143(2) vis a vis Applicability of section 292BB19 Oct 20180Validity of Assessment if there is Non-issuance of notice under section 143(2) vis a vis Applicability of section 292BB …
IT JudgementSale of land which was leased for a very longer period- Capital gains or Income from other sources ?19 Oct 20180Sale of land which was leased for a very longer period- Capital gains or Income from other sources ? Where…
IT JudgementExcess share premium not taxable in hands of closely held co. if its shareholders are relatives- Interesting Judgemnent by Chennai ITAT18 Oct 20180Excess share premium not taxable in hands of closely held co. if its shareholders are relatives- Interesting Judgemnent by Chennai…
IT JudgementNon-issuance of notice under section 153C- Assessment is Void & Non sustainable17 Oct 20180Non-issuance of notice under section 153C- Assessment is Void & Non sustainable Issuance of notice under section 153C is mandatory…
IT JudgementPortfolio management fees is not deductible while computing capital gain: Mumbai ITAT16 Oct 20180Portfolio management fees is not deductible while computing capital gain: Mumbai ITAT Portfolio management fees and performance linked fees were…
IT JudgementSLP dismissed – No section 68 additions if identity of applicants was clearly revealed16 Oct 20180SLP dismissed – No section 68 additions if identity of applicants was clearly revealed [2018] 98 taxmann.com 173 (SC) SUPREME COURT OF…
IT JudgementDisallowance u/s 14A not warranted if assessee was having sufficient own funds at its disposal for the purpose of making investments15 Oct 20180Disallowance u/s 14A not warranted if assessee was having sufficient own funds at its disposal for the purpose of making…
IT JudgementTaxability of Rental income from leasing of properties13 Oct 20180Taxability of Rental income from leasing of properties In this article we will discuss about the taxability of rental income…
IT JudgementSanction for reassessment by Joint Commissioner in a mechanical manner is invalid13 Oct 20180Sanction for reassessment by Joint Commissioner in a mechanical manner is invalid Where JCDT had accorded sanction under section 151…
IT JudgementDelay in e filing of appeal due to change in procedure need to be condoned13 Oct 20180Delay in e filling of appeal due to change in procedure need to be condoned Where assessee, though filed appeal…
IT JudgementNon-disposal of application within six months does not result in “deemed grant of registration” for Charitable Trust12 Oct 20180Non-disposal of application within six months does not result in “deemed grant of registration” for Charitable Trust Non-disposal of an…
IT JudgementTDS on commission, to Sub Agents of Lottery Distributor12 Oct 20180TDS on commission, to Sub Agents of Lottery Distributor Tax Deduction at Source (TDS) is to be done in case…