Income from business or Income from short-term capital gains if few Equity shares are disclosed as investments?
Income from business or Income from short-term capital gains if few Equity shares are disclosed as investments? Short Overview…
IT Judgement
Benefit of Basic exemption limit is available to Long Term Capital gain (LTCG) on sale of shares
Benefit of Basic exemption limit is available to Long Term Capital gain (LTCG) on sale of shares If a person…
Landmark Judgement on Capital Gain Exemption: It is not specified in the legislation that the investment is to be in the name of the assessee
Landmark Judgement on Capital Gain Exemption: It is not specified in the legislation that the investment is to be in…
The cost sharing reimbursements do not warrant TDS under section 40(a)(ia) as these are manifested to be reimbursements on actual cost-to-cost basis.
The cost sharing reimbursements do not warrant TDS under section 40(a)(ia) as these are manifested to be reimbursements on actual…
Capital gains & Indexation Benefit : Effective date is the date of allotment or date of possession of property?
Capital gains & Indexation Benefit : Effective date is the date of allotment or date of possession of property?…
Business deduction under section 43B: Provision for retention bonus & Disallowance of amount not paid before due date for filing return of income
Business deduction under section 43B: Provision for retention bonus & Disallowance of amount not paid before due date for filing return…
Capital Gain exemption available even if the investment is done after the due date of filing ITR
Capital Gain exemption available even if the investment is done after the due date of filing ITR Short…
Validity of Addition under section 68 without opportunity of cross-examination to the assessee
Validity of Addition under section 68 without opportunity of cross-examination to the assessee Short Overview AO was duty bound to provide…
Assessment under section 153A: Validity on account of Cash seized during search
Assessment under section 153A: Validity on account of Cash seized during search Short Overview Where assessee did not produce any material,…
Sum received by NR for sale of computer software through EULAs not taxable as royalty: SC
Sum received by NR for sale of computer software through EULAs not taxable as royalty: SC Engineering Analysis Centre…
Deduction under section 80P(2) towards interest on deposits of savings bank account held with Kotak Mahindra Bank as a business requirement
Deduction under section 80P(2) towards interest on deposits of savings bank account held with Kotak Mahindra Bank as a business requirement…
Validity of Addition towards sale proceeds of the agricultural produce if Assessee produced all the documentary evidences towards ownership of land and towards carrying on agricultural activities
Validity of Addition towards sale proceeds of the agricultural produce if Assessee produced all the documentary evidences towards ownership of land…
Bombay HC allowed a writ petition for application under Viwad Se Vishwas even when prosecution was launched
Bombay HC allowed a writ petition for application under Viwad Se Vishwas even when prosecution was launched Case: Macrotech Developers…
Exemption under section 11 could not be denied on the ground that the audit report was not filed online along with the return.
Exemption under section 11 could not be denied on the ground that the audit report was not filed online along…
No addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year under consideration.
No addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year…
Allowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note
Allowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note…
Assessee can’t escape from Sec. 271D penalty by depositing cash loan in bank a/c on same day; SLP dismissed
Assessee can’t escape from Sec. 271D penalty by depositing cash loan in bank a/c on same day; SLP dismissed …
Entire amount of duty paid by the manufacturer, as shown in the invoice would be available as credit even if the price is reduced subsequently by discount or otherwise.
Entire amount of duty paid by the manufacturer, as shown in the invoice would be available as credit even if…
