IT JudgementMere disclosure is enough for satisfying the authority?12 Jul 20180TAPAN KUMAR DUTTA vs. COMMISSIONER OF INCOME TAX ISSUE Mere disclosure made by assessee before the authority can be the…
IT JudgementWhether consideration paid for use of a trademark can be considered as a revenue expenditure? 12 Jul 20180HILTON ROULUNDS LTD. vs. COMMISSIONER OF INCOME TAX HIGH COURT OF DELHI ISSUE Whether consideration paid for use of a…
IT JudgementWhether capital gain arising from stock option is liable to capital gain tax?12 Jul 20180ADDITIONAL COMMISSIONER OF INCOME TAX vs. BHARAT V. PATEL SUPREME COURT OF INDIA ISSUE Whether capital gain arising from stock…
IT JudgementDeduction of lease equalization charges from lease rental income can be allowed?12 Jul 20180COMMISSIONER OF INCOME TAX vs. VIRTUAL SOFT SYSTEMS LTD. SUPREME COURT OF INDIA ISSUE Whether deduction on account of lease…
IT JudgementDeductions for payments of interest in case of assessee society?10 Jul 20180CHIKMAGALUR JILLA MAHILA SAHAKARA BANK NIYAMITHA vs. ASSISTANT COMMISSIONER OF INCOME TAX ISSUE Whether the payments made by way of…
IT JudgementNo Cost of Acquisition, No Capital Gain10 Jul 20180COMMISSIONER OF INCOME TAX vs. B.C. SRINIVASA SETTY SUPREME COURT OF INDIA P.N. Bhagwati, V.D. Tulzapurkar & R.S. Pathak, JJ.…
IT JudgementFLIPKART INDIA PRIVATE LIMITED vs. ASSISTANT COMMISSIONER OF INCOME TAX10 Jul 20180FLIPKART INDIA PRIVATE LIMITED vs. ASSISTANT COMMISSIONER OF INCOME TAX BANGALORE TRIBUNAL N. V VASUDEVAN, JM & JASON P BOAZ,…
IT JudgementCOMMISSIONER OF INCOME TAX vs. CALCUTTA EXPORT COMPANY10 Jul 20180COMMISSIONER OF INCOME TAX vs. CALCUTTA EXPORT COMPANY SUPREME COURT OF INDIA R. K. AGRAWAL & ABHAY MANOHAR SAPRE, JJ.…
IT JudgementCOMMISSIONER OF INCOME TAX vs. HCL TECHNOLOGIES LTD10 Jul 20180COMMISSIONER OF INCOME TAX vs. HCL TECHNOLOGIES LTD. SUPREME COURT OF INDIA K. AGRAWAL & R. BANUMATHI, JJ. Apr 24,…
IT JudgementImportant Judgement dated 21/06/2018 of Calcutta High Court for AUDITORS7 Jul 20180Important Judgement dated 21/06/2018 of Calcutta High Court for AUDITORS: Bogus Balance Sheet prepared to avail Bank Loan can be…
IT JudgementCIT vs. Palam Gas Service (Supreme Court) judgement5 Jul 20180CIT vs. Palam Gas Service (Supreme Court) judgement Issue: Whether under section 40(a)(ia) of Income Tax Act 1961 word payable…
IT JudgementCIT Vs Shrikant Mohta (Kolkata)4 Jul 20180When search operations are conducted under Section 132 of the Act, the obligation of the assessee to file any return…
IT JudgementCIT Vs. Gopal & Sons (HUF) 2017 (Supreme Court)4 Jul 20180CIT Vs. Gopal & Sons (HUF) 2017 (Supreme Court) Issue: If loan given by closely held company to HUF who…
IT JudgementCIT v. Manjula J.Shah (Bombay High Court)3 Jul 20180CIT v. Manjula J.Shah (Bombay High Court) Issue: What will be the indexation benefit available on asset received through gift,…
Income TaxIT JudgementCorpus specific voluntary contributions received by trust not registered U/s. 12A/12AA not taxable29 Jun 20180 Corpus specific voluntary contributions received by trust not registered U/s. 12A/12AA not taxable *_ITO (Exemptions) Vs Serum Institute of India…
IT JudgementCurrent account transaction cannot be taxed “Deemed Dividend”26 Jun 20180Current account transaction cannot be taxed “Deemed Dividend” Issue Whether provisions of section 2(22)(e) would applicable where transactions between shareholder…
IT JudgementExemption under section 54 F26 Jun 20180Issue What will be the exemption available under section 54F of Income Tax Act 1961, where the capital gain is…
Interesting Income TaxIT JudgementCapital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition21 Jun 20180Capital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition Subhash Bana v.…