Validity of Addition under section 68 of alleged excess cash shown in balance-sheet
Validity of Addition under section 68 of alleged excess cash shown in balance-sheet Short Overview Where there was…
IT Judgement
Input tax credit is not available against any goods or services received by the applicant for construction of the marriage hall on its own account even if the same is used in course of furtherance of its business of renting the place.
Input tax credit is not available against any goods or services received by the applicant for construction of the marriage…
Landmark Judgement: Payment made up to the due date of filing of the return of income u/s 139(4) allowable as deduction u/s 54F.
Landmark Judgement: Payment made up to the due date of filing of the return of income u/s 139(4) allowable as…
Validity of Revision u/s 263 if there is no examination as regards eligibility of exemption u/s 54/54F while framing assessment under section 153A & there is no incriminating materials found during the course of search
Validity of Revision u/s 263 if there is no examination as regards eligibility of exemption u/s 54/54F while framing assessment…
The Most common addition of the Future: Unexplained investment in House property & it’s addition as Income from undisclosed sources
The Most common addition of the Future: Unexplained investment in House property & it’s addition as Income from undisclosed sources …
Refund of the excess amount of salary to company & Validity of Revised Return
Refund of the excess amount of salary to company & Validity of Revised Return Short Overview Where assessee was…
Expenses incurred to make the house habitable is eligible for capital gain exemption.
Expenses incurred to make the house habitable is eligible for capital gain exemption. What are the expenses /…
A Short Overview of Relaxation in GST & Income Tax Compliances
A Short Overview of Relaxation in GST & Income Tax Compliances CBDT – Extension of Due Dates for Tax Payers:…
CBDT Notification regarding procedure for registration of fund/ trust/charitable institutions
CBDT Notification regarding procedure for registration of fund/ trust/charitable institutions W.e.f. 01/04/2021, all institutions, funds etc covered under…
CBIC weekly Newsletter Dated 26/04/2021
CBIC weekly Newsletter Dated 26/04/2021 Government of India Ministry of Finance Department of Revenue Central Board…
CBDT notifies directions to give effect to the Faceless Penalty Scheme, 2021 vide Notification No. 03/2021
CBDT notifies directions to give effect to the Faceless Penalty Scheme, 2021 vide Notification No. 03/2021 MINISTRY OF FINANCE (Department of Revenue)…
Cutoff date for purpose of determining its taxability is date when assessee was found to be entitled to receive compensation and not date when it was actually received by assessee.
Cutoff date for purpose of determining its taxability is date when assessee was found to be entitled to receive compensation…
Validity of addition under section 56(2)(viib) against issue of shares at premium if AO adopted NAV method rejecting DCF method adopted by assessee
Validity of addition under section 56(2)(viib) against issue of shares at premium if AO adopted NAV method rejecting DCF method adopted…
Allowability of deduction towards expenses incurred during interregnum period between ‘setting up’ of business and commencement of business
Allowability of deduction towards expenses incurred during interregnum period between ‘setting up’ of business and commencement of business …
In search assessment, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material found or any incriminating documents found as representing undisclosed income earned.
In search assessment, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material…
Faceless Penalty Scheme, 2021 as notified by CBDT
Faceless Penalty Scheme, 2021 as notified by CBDT MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT…
For computing the inflation cost of the asset, the date is to be reckoned from the date of allotment of the property to the assessee and not from the date on which possession certificate was issued to the assessee.
For computing the inflation cost of the asset, the date is to be reckoned from the date of allotment of…
If assessee did not produce any material to prove that amount seized during the search, did not belong to it but belonged to some other person, addition made
If assessee did not produce any material to prove that amount seized during the search, did not belong to it…
