If additions by authority is Deleted, Penalty cannot Survive!
If additions by authority is Deleted, Penalty cannot Survive! Take a case where additions are made by the assessing officers.…
IT Judgement
Discipline in Order of IT Department is missing!
Discipline in Order of IT Department is missing! In this article we will discuss about the case in which court…
Where no limitation is prescribed u/s 206C for holding assessee as Assessee in default, reasonable period of limitation of four years is to be applied
Where no limitation is prescribed u/s 206C for holding assessee as Assessee in default, reasonable period of limitation of four…
Rent from letting out a rice mill is Business income or Income from other sources?
Rent from letting out a rice mill is Business income or Income from other sources? Where assessee had let out…
Interesting Judgement by Nagpur Bench Bombay High court of VAT regime regarding filing of appeal without making payment of 10 % as part payment of tax
Interesting Judgement by Nagpur Bench Bombay High court of VAT regime regarding filing of appeal without making payment of 10…
Landmark Interpretation: In absence of any contract or sub-contract with truck owners, No liability for TDS arises in the Hands of payer
Landmark Interpretation: In absence of any contract or sub-contract with truck owners, No liability for TDS arises in the Hands…
Tax Audit Report Date Extension – Copy of the Order of Rajasthan High Court
Tax Audit Report Date Extension – Copy of the Order of Rajasthan High Court [2018] 98 taxmann.com 133 (Rajasthan) HIGH COURT OF…
Limitation period for section 263 to begin from date of assessment or date of re-assessment?
Limitation period for section 263 to begin from date of assessment or date of re-assessment? When a notice under section…
Allowability of Business loss from Foreign exchange fluctuation on forward contract- whether a notional loss?
Allowability of Business loss from Foreign exchange fluctuation on forward contract- whether a notional loss? The loss due to foreign…
Transitional provisions of Input tax credit in Tran-1 form not uploaded due to technical glitches- Relief granted by Kerala HC
Transitional provisions of Input tax credit in Tran-1 form not uploaded due to technical glitches- Relief granted by Kerala HC…
Levy of Fees u/s 234E by virtue of Section 200A
Levy of Fees u/s 234E by virtue of Section 200A Section 234E of the Income Tax Act, 1961 talks about…
Section 50C not applicable if assessee invested entire “Actual Net Sale Consideration” in new house property u/s 54F – Lucknow Tribunal also confirmed it
Section 50C not applicable if assessee invested entire “Actual Net Sale Consideration” in new house property u/s 54F – Lucknow…
Activity of running school buses to facilitate transportation of students and staff, whether a commercial activity for exemption u/s 11
Activity of running school buses to facilitate transportation of students and staff, whether a commercial activity for exemption u/s 1…
Can HUF claim a house to be self occupied?
Can HUF claim a house to be self occupied? In income tax it is a well known fact that if…
Receipt of interest on enhanced compensation consequent to compulsory acquisition of agricultural land is eligible for deduction u/s 10(37)
Receipt of interest on enhanced compensation consequent to compulsory acquisition of agricultural land is eligible for deduction u/s 10(37) Where…
Whether Capital gains tax liability arises if there is a Gift of share in property against cash gift pursuant to family settlement?
Whether Capital gains tax liability arises if there is a Gift of share in property against cash gift pursuant to family…
Expenditure is allowable even if Assessee has not rendered services but is retained by client
Expenditure is allowable even if Assessee has not rendered services but is retained by client When there was a valid…
Owner is a person who is entitled to receive income from the property in his own right!
Owner is a person who is entitled to receive income from the property in his own right! Income under the…
