IT JudgementDirector’s Liability against the Tax dues of delinquent company12 Oct 20180Director’s Liability against the Tax dues of delinquent company Jurisdiction to commence proceedings against the director of a delinquent company…
IT JudgementRate of Tax for Polypropylene Leno Bags11 Oct 20180IN THE AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL VISHWANATH & PARTHASARATHI DEY, MEMBER Mega Flex Plastics Ltd., In re Order…
IT JudgementSection 50C (Stamp Duty Valuation Rules) apply only if Land or Building is sold and not when assessee sold right in property11 Oct 20180Where assessee sold right to property and not land or building, section 50C would not apply. Assessee entered into an…
IT JudgementFrom when can Indexation Benefit be availed?11 Oct 20180From when can Indexation Benefit be availed? To compute the Capital Gains we need to compute Cost of Acquisition. To…
IT JudgementValidity of Assessment Notice issued u/s 143(2) on the basis of original return of income instead of revised return10 Oct 20180Validity of Assessment Notice issued u/s 143(2) on the basis of original return of income instead of revised return Assessee…
IT JudgementNo addition on account of notional interest on interest free advance permissible if Assessee’s have sufficient surplus in capital account10 Oct 20180No addition on account of notional interest on interest free advance permissible if Assessee’s have sufficient surplus in capital account…
IT JudgementWhere net profit estimated by AO then disallowance under section 40(a)(ia) towards Payment without TDS can be done10 Oct 20180Where net profit estimated by AO then disallowance under section 40(a)(ia) towards Payment without TDS can be done When income…
IT JudgementValidity of Transitional input tax credit on the Principles of Natural Justice where Credit is denied by issuing a show-cause notice10 Oct 20180Validity of Transitional input tax credit on the Principles of Natural Justice where Credit is denied by issuing a show-cause…
IT JudgementDeemed Dividend u/s 2(22)(e) Whether only a proportionate addition can be made by considering percentage of the shareholding?9 Oct 20180Deemed Dividend u/s 2(22)(e) Whether only a proportionate addition can be made by considering percentage of the shareholding? There cannot…
IT JudgementIf supported by the documents on record, AO cannot treat transaction as Non-genuine due to extraneous considerations9 Oct 20180If supported by the documents on record, AO cannot treat transaction as Non-genuine due to extraneous considerations The assessee-company is…
IT JudgementIf additions by authority is Deleted, Penalty cannot Survive!9 Oct 20180If additions by authority is Deleted, Penalty cannot Survive! Take a case where additions are made by the assessing officers.…
Income TaxIT JudgementDiscipline in Order of IT Department is missing!9 Oct 20180Discipline in Order of IT Department is missing! In this article we will discuss about the case in which court…
IT JudgementWhere no limitation is prescribed u/s 206C for holding assessee as Assessee in default, reasonable period of limitation of four years is to be applied9 Oct 20180Where no limitation is prescribed u/s 206C for holding assessee as Assessee in default, reasonable period of limitation of four…
IT JudgementRent from letting out a rice mill is Business income or Income from other sources?9 Oct 20180Rent from letting out a rice mill is Business income or Income from other sources? Where assessee had let out…
IT JudgementInteresting Judgement by Nagpur Bench Bombay High court of VAT regime regarding filing of appeal without making payment of 10 % as part payment of tax8 Oct 20180Interesting Judgement by Nagpur Bench Bombay High court of VAT regime regarding filing of appeal without making payment of 10…
IT JudgementLandmark Interpretation: In absence of any contract or sub-contract with truck owners, No liability for TDS arises in the Hands of payer8 Oct 20180Landmark Interpretation: In absence of any contract or sub-contract with truck owners, No liability for TDS arises in the Hands…
IT JudgementTax Audit Report Date Extension – Copy of the Order of Rajasthan High Court8 Oct 20180Tax Audit Report Date Extension – Copy of the Order of Rajasthan High Court [2018] 98 taxmann.com 133 (Rajasthan) HIGH COURT OF…
IT JudgementLimitation period for section 263 to begin from date of assessment or date of re-assessment?6 Oct 20180Limitation period for section 263 to begin from date of assessment or date of re-assessment? When a notice under section…