Assessee is to be treated as Assessee in default if he fails to deduct tax at source u/s 195
Assessee is to be treated as Assessee in default if he fails to deduct tax at source u/s 195 Where…
IT Judgement
Stamp Papers do not have any Expiry Period being used for a Document
Stamp Papers do not have any Expiry Period being used for a Document The Trial Court and the High Court…
If court favors assessee for refund, the duty of assessee begins!
If court favors assessee for refund, the duty of assessee begins! In the case of Kishore Jagjivandas Tanna Vs. Joint…
Leviability of Penalty under section 271(1)(c) against Wrong claim of deduction
Leviability of Penalty under section 271(1)(c) against Wrong claim of deduction Merely disallowance of any claim which is legally not…
Issue of notice u/s 143 (2) is mandatory for block assessment proceedings
Issue of notice u/s 143 (2) is mandatory for block assessment proceedings. Let’s have a look at Sec. 158BC(b)of the…
The income from letting out of property is to be treated as income from house property: Says Supreme Court
The income from letting out of property is to be treated as income from house property: Says Supreme Court …
Prosecution for offence u/s 276CC for failure to file ROI can be initiated during the pendency of assessment proceedings.
Prosecution for offence u/s 276CC for failure to file ROI can be initiated during the pendency of assessment proceedings. In…
Can long term capital loss from sale of listed shares through off market be allowed to set off and carry forward?
Can long term capital loss from sale of listed shares through off market be allowed to set off and carry…
Charitable trust & Deemed Registration under section 12A
Charitable trust & Deemed Registration under section 12A Where application for registration under section 12A is not disposed of by…
Notice issued u/s 143(2) issued by the AO before the assessee files a return of income has no meaning!!
Notice issued u/s 143(2) issued by the AO before the assessee files a return of income has no meaning!! Section…
Applicability of TDS U/s 194C towards Lorry charges paid to different truck owners for transportation of goods
Applicability of TDS U/s 194C towards Lorry charges paid to different truck owners for transportation of goods Where assessee had…
The ITAT is an adjudicator and not an investigator. It has to rely upon the investigation / enquiry conducted by the AO
The ITAT is an adjudicator and not an investigator. It has to rely upon the investigation / enquiry conducted by…
Hawala Purchases- only condition to be satisfied for reopening is that taxable income has escaped assessment
Hawala Purchases – only condition to be satisfiled for reopening is that taxable income has escaped assessment In case of…
Advance u/s 54G be allowed for utilization of capital gain?
Advance u/s 54G be allowed for utilization of capital gain? Section 54G provides for the exemption of taxability of capital…
Validity of Assessment if there is Non-issuance of notice under section 143(2) vis a vis Applicability of section 292BB
Validity of Assessment if there is Non-issuance of notice under section 143(2) vis a vis Applicability of section 292BB …
Sale of land which was leased for a very longer period- Capital gains or Income from other sources ?
Sale of land which was leased for a very longer period- Capital gains or Income from other sources ? Where…
Excess share premium not taxable in hands of closely held co. if its shareholders are relatives- Interesting Judgemnent by Chennai ITAT
Excess share premium not taxable in hands of closely held co. if its shareholders are relatives- Interesting Judgemnent by Chennai…
Non-issuance of notice under section 153C- Assessment is Void & Non sustainable
Non-issuance of notice under section 153C- Assessment is Void & Non sustainable Issuance of notice under section 153C is mandatory…
