IT Judgement

English decisions holding that incidence of tax could be avoided if permissible in law cannot be applied in Indian scenario and are obsolete

5 years ago

English decisions holding that incidence of tax could be avoided if permissible in law cannot be applied in Indian scenario…

IT Judgement

GST is applicable on sale of plot after Development by developer

5 years ago

GST is applicable on sale of plot after Development by developer Applicability of Indirect tax on construction industries has been…

IT Judgement

Madras HC denies transition of accumulated CENVAT credit from shut down factory in Tamil Nadu to new GSTIN in Andhra Pradesh

5 years ago

Madras HC denies transition of accumulated CENVAT credit from shut down factory in Tamil Nadu to new GSTIN in Andhra…

IT Judgement

Advance for share application money can’t be treated as loan just because shares were allotted after delay of 6 months: ITAT

5 years ago

Advance for share application money can’t be treated as loan just because shares were allotted after delay of 6 months:…

IT Judgement

Capital Gain Exemption: Due date for furnishing the return of income u/s 139(1) is subject to the extended period provided u/s 139(4)

5 years ago

Capital Gain Exemption: Due date for furnishing the return of income u/s 139(1) is subject to the extended period provided…

IT Judgement

Once the assessee is entitled to avail of deduction u/s 80P, the entire amount hat are attributable to any one or more activities must be given by way of deduction: Supreme Court

5 years ago

Once the assessee is entitled to avail of deduction u/s 80P, the entire amount hat are attributable to any one…

IT Judgement

Flats held as stock in trade and validity of its taxation on Notional Basis

5 years ago

Flats held as stock in trade and validity of its taxation on Notional Basis ITAT MUMBAI DCIT. CIR-3 (1)…

IT Judgement

Constitutional validity of section 194N challenged, Calcutta HC passed Interim order

5 years ago

Constitutional validity of section 194N challenged, Calcutta HC passed Interim order Calcutta High Court passes landmark interim order in petition…

IT Judgement

Compensation paid to the family members of deceased, even though non-contractual payment /gratuitous payment cannot be disallowed.

5 years ago

Compensation paid to the family members of deceased, even though non-contractual payment /gratuitous payment cannot be disallowed. ITAT Mumbai in…

IT Judgement

Capital gain exemption u/s 54 or 54F cannot be denied if taxpayer has invested the amount within time allowed u/s 139(4)

5 years ago

Capital gain exemption u/s 54 or 54F cannot be denied if taxpayer has invested the amount within time allowed u/s…

IT Judgement

Addition merely by relying on the statement of third party without resorting to verification u/s.133(6) or u/s.131 is not permissible

5 years ago

Addition merely by relying on the statement of third party without resorting to verification u/s.133(6) or u/s.131 is not permissible …

IT Judgement

Statement given during the course of survey is not a statement on oath as given u/s. 132(4) of the Act and therefore has no evidentiary value.

5 years ago

Statement given during the course of survey is not a statement on oath as given u/s. 132(4) of the Act…

IT Judgement

Tribunal cannot transfer pending appeal from one Bench to another Bench in another State: Bombay HC

5 years ago

Tribunal cannot transfer pending appeal from one Bench to another Bench in another State: Bombay HC MSPL Limited [2021]…

IT Judgement

No capital gain if possession is taken back & there was no development work carried out

5 years ago

No capital gain if possession is taken back & there was no development work carried out ITAT Hyderabad in the…

IT Judgement

Receipt of amount under a settlement for agreeing to not disputes the probate & withdraw caveat is not liable for taxation

5 years ago

Receipt of amount under a settlement for agreeing to not disputes the probate & withdraw caveat is not liable for…

IT Judgement

No revision u/s 263 if AO has done enquiries. AO has not given reasons in the assessment order is not indicative, always, of whether or not he has applied his mind. : Delhi HC

5 years ago

No revision u/s 263 if AO has done enquiries. AO has not given reasons in the assessment order is not indicative,…

Income Tax IT Judgement

Booking of flat is to be considered as a case of construction for the purpose of capital gain exemption section 54?

5 years ago

Booking of flat is to be considered as a case of construction for the purpose of capital gain exemption section 54?…

IT Judgement

TPO cannot decide whether expenses incurred by assessee were necessary or not for business: ITAT

5 years ago

TPO cannot decide whether expenses incurred by assessee were necessary or not for business: ITAT DCIT v. Rabo India Finance…

IT Judgement

English decisions holding that incidence of tax could be avoided if permissible in law cannot be applied in Indian scenario and are obsolete

GST is applicable on sale of plot after Development by developer

Madras HC denies transition of accumulated CENVAT credit from shut down factory in Tamil Nadu to new GSTIN in Andhra Pradesh

Advance for share application money can’t be treated as loan just because shares were allotted after delay of 6 months: ITAT

Capital Gain Exemption: Due date for furnishing the return of income u/s 139(1) is subject to the extended period provided u/s 139(4)

Once the assessee is entitled to avail of deduction u/s 80P, the entire amount hat are attributable to any one or more activities must be given by way of deduction: Supreme Court

Flats held as stock in trade and validity of its taxation on Notional Basis

Constitutional validity of section 194N challenged, Calcutta HC passed Interim order

Compensation paid to the family members of deceased, even though non-contractual payment /gratuitous payment cannot be disallowed.

Capital gain exemption u/s 54 or 54F cannot be denied if taxpayer has invested the amount within time allowed u/s 139(4)

Addition merely by relying on the statement of third party without resorting to verification u/s.133(6) or u/s.131 is not permissible

Statement given during the course of survey is not a statement on oath as given u/s. 132(4) of the Act and therefore has no evidentiary value.

Tribunal cannot transfer pending appeal from one Bench to another Bench in another State: Bombay HC

No capital gain if possession is taken back & there was no development work carried out

Receipt of amount under a settlement for agreeing to not disputes the probate & withdraw caveat is not liable for taxation

No revision u/s 263 if AO has done enquiries. AO has not given reasons in the assessment order is not indicative, always, of whether or not he has applied his mind. : Delhi HC

Booking of flat is to be considered as a case of construction for the purpose of capital gain exemption section 54?

TPO cannot decide whether expenses incurred by assessee were necessary or not for business: ITAT

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