Taxation of Employee Stock Option, whether perquisite under section 17, if option was granted when employee was NRI
Taxation of Employee Stock Option, whether perquisite under section 17, if option was granted when employee was NRI Income Tax Act,…
IT Judgement
Validity of Assessment under section 153A if no incriminating material found during search
Validity of Assessment under section 153A if no incriminating material found during search Income Tax Act, 1961, Section 153A Search and…
CBDT notifies amendments in Faceless Assessment Scheme
CBDT notifies amendments in Faceless Assessment Scheme Amendment to Faceless Assessment Scheme
Depreciation on Intangible asset & Right to collect toll
Depreciation on Intangible asset & Right to collect toll Short Overview Assessee also incurred expenditure in constructing Amritsar Bus Terminal…
No recovery by any mode or adjustment of ITC should be made at the time of search/inspection under Section 67: Gujarat High Court
No recovery by any mode or adjustment of ITC should be made at the time of search/inspection under Section 67:…
Disallowance under section 40A(3): Capital expenditure incurred in cash in acquiring fixed assets
Disallowance under section 40A(3): Capital expenditure incurred in cash in acquiring fixed assets Short Overview Since provisions of section 40A(3)…
Validity of Addition under section 68 if Cash found short during search
Validity of Addition under section 68 if Cash found short during search Short Overview Cash found short could not be…
Section 50 of IT Act does not cover transfer of leased rights
Section 50 of IT Act does not cover transfer of leased rights The Income Tax Appellate Tribunal (ITAT) has held…
Date of removal of defects is irrelevant while considering limitation period to issue scrutiny notice
Date of removal of defects is irrelevant while considering limitation period to issue scrutiny notice DCIT v. Kunal Structure (India)…
Validity of issuance of section 148 notice and framing of reassessment in name of deceased assessee if AO have no knowledge about assessee’s death
Validity of issuance of section 148 notice and framing of reassessment in name of deceased assessee if AO have no…
Search and seizure: Statement under section 132(4) vs. Evidentiary value
Search and seizure: Statement under section 132(4) vs. Evidentiary value Short overview Where AO made addition merely on the basis…
Agricultural land transferred under JDA if Intention of assessee was to carry on agricultural operations: Business income or Capital gains?
Agricultural land transferred under JDA if Intention of assessee was to carry on agricultural operations: Business income or Capital gains?…
Validity of Claim of short-term capital loss on depreciable asset on demolition of building without effecting transfer under section 50(2)
Validity of Claim of short-term capital loss on depreciable asset on demolition of building without effecting transfer under section 50(2)…
Deduction under section 80P(2)(a)(i): Denial in the hands of primary agricultural credit societies on the ground of negligible agricultural credits given by assessee’s
Deduction under section 80P(2)(a)(i): Denial in the hands of primary agricultural credit societies on the ground of negligible agricultural credits…
No Addition under section 68 if Assessee is not maintaining books of account and his case covered by under 44AD
No Addition under section 68 if Assessee is not maintaining books of account and his case covered by under 44AD…
Charitable trust: Admissibility of excess expenditure of earlier year against income of future assessment year
Charitable trust: Admissibility of excess expenditure of earlier year against income of future assessment year Short Overview Income derived from…
Gift made by assessee-company to other corporate entities where AO alleged existence of family settlement and taxed market value of shares gifted as business income
Gift made by assessee-company to other corporate entities where AO alleged existence of family settlement and taxed market value of…
Classification of service & Rate of Tax on Tour services provided without provision of accommodation
Classification of service & Rate of Tax on Tour services provided without provision of accommodation 2020 Tax Pub(GST) 1074 (AAR-Raj)…
