IT Judgement

Validity of addition to income on the difference between income in original return and revised return without rejection of books by AO

4 years ago

Validity of addition to income on the difference between income in original return and revised return without rejection of books…

IT Judgement

Capital Gain exemption cannot be denied on the ground that Sale Deed has not yet been got registered

4 years ago

Capital Gain exemption cannot be denied on the ground that Sale Deed has not yet been got registered+ There…

IT Judgement

CBDT mandates E-filing of Forms, Returns, Statements, Reports, and Orders

4 years ago

CBDT mandates E-filing of Forms, Returns, Statements, Reports, and Orders Income-tax (21st Amendment) Rules, 2021 notified on 29th July,…

IT Judgement

CBDT issues SOP for handling writ petitions where assessment is made under the Faceless Assessment Scheme 2019 or penalty is passed under Faceless Penalty Scheme, 2021 if NaFAC/CBDT is one of the respondents

4 years ago

CBDT issues SOP for handling writ petitions where assessment is made under the Faceless Assessment Scheme 2019 or penalty is…

IT Judgement

Validity of disallowance of partners remuneration under section 40(b) on income declared during survey

4 years ago

Validity of disallowance of partners remuneration under section 40(b) on income declared during survey Short Overview Where assessee offered…

IT Judgement

Taxes levied overseas which are not eligible for relief either under section 90 or section 91 would not come within the purview of section 40(a)(ii)

5 years ago

Taxes levied overseas which are not eligible for relief either under section 90 or section 91 would not come within the…

IT Judgement

There is no requirement of issuance of notice under section 143(2), when there is no valid return available before AO.

5 years ago

There is no requirement of issuance of notice under section 143(2), when there is no valid return available before AO.…

IT Judgement

Capital gain exemption is available if taxpayer secures possession of the property within prescribed time frame even if the registration of sale deed could not be executed

5 years ago

Capital gain exemption is available if taxpayer secures possession of the property within prescribed time frame even if the registration…

IT Judgement

Allowability of Capital gain Exemption under section 54B if agricultural land is purchased in the name of son

5 years ago

Allowability of Capital gain Exemption under section 54B if agricultural land is purchased in the name of son Short Overview…

Income Tax IT Judgement

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB: Relaxation or Penalty ?

5 years ago

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB: Relaxation or Penalty ? The CBDT has grant…

IT Judgement

Direct Nexus is not required to be established. Once investment was more than capital gain earned by assessee, capital gain exemption is admissible.

5 years ago

Direct Nexus is not required to be established. Once investment was more than capital gain earned by assessee, capital gain…

IT Judgement

Whether capital gain exemption would be admissible if the investment in the new property is done by borrowed capital?

5 years ago

Whether capital gain exemption would be admissible if the investment in the new property is done by borrowed capital? …

IT Judgement

Revision under section 263 for erroneous and prejudicial order for capital gain exemption if agricultural land is purchased in the name of son

5 years ago

Revision under section 263 for erroneous and prejudicial order for capital gain exemption if agricultural land is purchased in the…

IT Judgement

Life membership fees of club is an expenditure of capital nature & not eligible for deduction .

5 years ago

Life membership fees of club is an expenditure of capital nature & not eligible for deduction. Short Overview…

IT Judgement

For capital gain exemption u/s 54 or 54F, Taxpayers have to buy the property as an owner.

5 years ago

For capital gain exemption u/s 54 or 54F, Taxpayers have to buy the property as an owner. In…

IT Judgement

Brought forward Business Loss can be adjusted against capital gains from sale 9f Business Assets: Karnataka HC

5 years ago

Brought forward Business Loss can be adjusted against capital gains from sale 9f Business Assets: Karnataka HC Nandi Steels Limited…

IT Judgement

The word ‘production’ or ‘produce’, when used in juxtaposition with the word ‘manufacture’ takes in bringing into existence new goods by a process which may or may not amount to manufacture: Supreme Court

5 years ago

The word ‘production’ or ‘produce’, when used in juxtaposition with the word ‘manufacture’ takes in bringing into existence new goods…

IT Judgement

HC set-aside faceless assessment order as it was passed without issuing draft assessment order

5 years ago

HC set-aside faceless assessment order as it was passed without issuing draft assessment order Anju Jalaj Batra v. National E-Assessment…

IT Judgement

Validity of addition to income on the difference between income in original return and revised return without rejection of books by AO

Capital Gain exemption cannot be denied on the ground that Sale Deed has not yet been got registered

CBDT mandates E-filing of Forms, Returns, Statements, Reports, and Orders

CBDT issues SOP for handling writ petitions where assessment is made under the Faceless Assessment Scheme 2019 or penalty is passed under Faceless Penalty Scheme, 2021 if NaFAC/CBDT is one of the respondents

Validity of disallowance of partners remuneration under section 40(b) on income declared during survey

Taxes levied overseas which are not eligible for relief either under section 90 or section 91 would not come within the purview of section 40(a)(ii)

There is no requirement of issuance of notice under section 143(2), when there is no valid return available before AO.

Capital gain exemption is available if taxpayer secures possession of the property within prescribed time frame even if the registration of sale deed could not be executed

Allowability of Capital gain Exemption under section 54B if agricultural land is purchased in the name of son

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB: Relaxation or Penalty ?

Direct Nexus is not required to be established. Once investment was more than capital gain earned by assessee, capital gain exemption is admissible.

Whether capital gain exemption would be admissible if the investment in the new property is done by borrowed capital?

Revision under section 263 for erroneous and prejudicial order for capital gain exemption if agricultural land is purchased in the name of son

Life membership fees of club is an expenditure of capital nature & not eligible for deduction .

For capital gain exemption u/s 54 or 54F, Taxpayers have to buy the property as an owner.

Brought forward Business Loss can be adjusted against capital gains from sale 9f Business Assets: Karnataka HC

The word ‘production’ or ‘produce’, when used in juxtaposition with the word ‘manufacture’ takes in bringing into existence new goods by a process which may or may not amount to manufacture: Supreme Court

HC set-aside faceless assessment order as it was passed without issuing draft assessment order

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