IT Judgement

Validity of Penalty U/s 271(1)(c) where assessee treated land as Rural Agricultural Land and it was actually Urban Agricultural Land

5 years ago

Validity of Penalty U/s 271(1)(c) where assessee treated land as Rural Agricultural Land and it was actually Urban Agricultural Land …

IT Judgement

Amounts Paid By Indian Companies to Use Foreign Software is Not ‘Royalty’ & Hence Income not Taxable In India & No TDS Liability : Supreme Court

5 years ago

Amounts Paid By Indian Companies to Use Foreign Software is Not ‘Royalty’ & Hence Income not Taxable In India &…

IT Judgement

Hon’ble Delhi High court issued notice to Union of India to ascertain constitutional validity of taxability of notional taxation on unsold inventory of flats & commercial properties with Real Estate Developers

5 years ago

Hon’ble Delhi High court issued notice to Union of India to ascertain constitutional validity of taxability of notional taxation on…

IT Judgement

CBDT Chairman P C Mody term 3 months extension

5 years ago

CBDT Chairman P C Mody term 3 months extension

IT Judgement

CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 31st March, 2021.

5 years ago

CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 31st March, 2021. Notification no.…

IT Judgement

Assessee is entitled to depreciation on owned assets which were rented out to a third party for manufacturing purposes

5 years ago

Assessee is entitled to depreciation on owned assets which were rented out to a third party for manufacturing purposes Short…

IT Judgement

Validity of prosecution proceeding under section 276C(2) if return filed without payment of tax & Tax dues subsequently paid

5 years ago

Validity of prosecution proceeding under section 276C(2) if return filed without payment of tax & Tax dues subsequently paid Short Overview …

IT Judgement

Allowability of Exemption under section 10AA on Profits enhanced on account of addition under section 69C disallowing 25% of alleged unverifiable purchases

5 years ago

Allowability of Exemption under section 10AA on Profits enhanced on account of addition under section 69C disallowing 25% of alleged unverifiable…

IT Judgement

Settled legal position that statement recorded during the survey has no evidentiary value & survey party has no power to record the statement on oath reiterated.

5 years ago

Settled legal position that statement recorded during the survey has no evidentiary value & survey party has no power to…

IT Judgement

Taxpayers Beneficial Judgment : No deposit made in capital gain account scheme but investment done within a period of three years

5 years ago

Taxpayers Beneficial Judgment : No deposit made in capital gain account scheme but investment done within a period of three years Short…

IT Judgement

Addition made merely and solely on the basis of confession without any corroborative evidence is not sustainable in law

5 years ago

Addition made merely and solely on the basis of confession without any corroborative evidence is not sustainable in law Short…

IT Judgement

Deduction under section 80-IB(10): Allowability of deduction if built-up area of some units exceeded 1,500 sq.ft.

5 years ago

Deduction under section 80-IB(10): Allowability of deduction if built-up area of some units exceeded 1,500 sq.ft. Short Overview In case…

IT Judgement

Sec. 54 exemption available even if capital gains arising from sale of multiple properties invested on 1 residential house

5 years ago

Sec. 54 exemption available even if capital gains arising from sale of multiple properties invested on 1 residential house Vijay…

IT Judgement

Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE

5 years ago

Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE ITAT Chandigarh in the…

IT Judgement

In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid

5 years ago

In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid…

IT Judgement

If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then strict disciplinary action should be initiated against the concerned officer: Gujarat HC

5 years ago

If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then…

IT Judgement

Irregularities during search proceedings: Officer assured court that there would be no such complaint in future

5 years ago

Irregularities during search proceedings: Officer assured court that there would be no such complaint in future Dr. Satish Dhavale, ADG…

IT Judgement

Validity of Detention of goods if Value quoted in invoice lower than maximum retail price of goods

5 years ago

Validity of Detention of goods if Value quoted in invoice lower than maximum retail price of goods IN THE…

IT Judgement

Validity of Penalty U/s 271(1)(c) where assessee treated land as Rural Agricultural Land and it was actually Urban Agricultural Land

Amounts Paid By Indian Companies to Use Foreign Software is Not ‘Royalty’ & Hence Income not Taxable In India & No TDS Liability : Supreme Court

Hon’ble Delhi High court issued notice to Union of India to ascertain constitutional validity of taxability of notional taxation on unsold inventory of flats & commercial properties with Real Estate Developers

CBDT Chairman P C Mody term 3 months extension

CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 31st March, 2021.

Assessee is entitled to depreciation on owned assets which were rented out to a third party for manufacturing purposes

Validity of prosecution proceeding under section 276C(2) if return filed without payment of tax & Tax dues subsequently paid

Allowability of Exemption under section 10AA on Profits enhanced on account of addition under section 69C disallowing 25% of alleged unverifiable purchases

Settled legal position that statement recorded during the survey has no evidentiary value & survey party has no power to record the statement on oath reiterated.

Taxpayers Beneficial Judgment : No deposit made in capital gain account scheme but investment done within a period of three years

Addition made merely and solely on the basis of confession without any corroborative evidence is not sustainable in law

Deduction under section 80-IB(10): Allowability of deduction if built-up area of some units exceeded 1,500 sq.ft.

Sec. 54 exemption available even if capital gains arising from sale of multiple properties invested on 1 residential house

Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE

In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid

If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then strict disciplinary action should be initiated against the concerned officer: Gujarat HC

Irregularities during search proceedings: Officer assured court that there would be no such complaint in future

Validity of Detention of goods if Value quoted in invoice lower than maximum retail price of goods

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