Deduction under section 24(b) towards interest on husing loans rolled over with private borrowing
Deduction under section 24(b) towards interest on husing loans rolled over with private borrowing Short Overview Where a fresh loan…
IT Judgement
Validity of reassessment if AO reopened assessment on one issue but did not make addition thereunder
Validity of reassessment if AO reopened assessment on one issue but did not make addition thereunder Short Overview Where no…
Interest charged under section 220(2) is part of assessment and is deemed to be tax for the purpose of section 246. Appeal filed by assessee against order of AO objecting to amount of interest is admissible.
Interest charged under section 220(2) is part of assessment and is deemed to be tax for the purpose of section…
Admissibility of Input tax credit on Goods and services used for construction of Maintenance, Repair and Overhaul (MRO) facility
Admissibility of Input tax credit on Goods and services used for construction of Maintenance, Repair and Overhaul (MRO) facility 2020…
Settlement Commission cannot re-open its concluded proceedings by invoking section 154, so as to levy interest under section 234B in view of section 245I
Settlement Commission cannot re-open its concluded proceedings by invoking section 154, so as to levy interest under section 234B in…
No Revision under section 263 merely on ground that AO passed an order relying on ITAT ruling which was reversed by HC
No Revision under section 263 merely on ground that AO passed an order relying on ITAT ruling which was reversed…
Demonetization Addition Special : Validity of addition of cash deposit if Assessee is not at all required to maintain books of account u/s 44AD
Demonetization Addition Special : Validity of addition of cash deposit if Assessee is not at all required to maintain books…
Just because Capital Gain accrued to the assessee has escaped tax in one assessment year, it cannot be brought to tax subsequently in another assessment year
Just because Capital Gain accrued to the assessee has escaped tax in one assessment year, it cannot be brought to…
Family settlement deed also could not be held to be a colorable device without examining real motive of the deed
Family settlement deed also could not be held to be a colorable device without examining real motive of the deed…
Validity of Penalty u/s 271AAB I there is non-specification of particular charge of offence in penalty notice
Validity of Penalty u/s 271AAB I there is non-specification of particular charge of offence in penalty notice Short Overview Penalty…
TDS U/s 195 on payment for software licence made to non-resident, treated as royalty taxable in India
TDS U/s 195 on payment for software licence made to non-resident, treated as royalty taxable in India Short Overview Payment…
Charitable trust, Exemption under section 10(23C)on Print and sale of text books at low rates to reach children of deprived sections of society
Charitable trust, Exemption under section 10(23C)on Print and sale of text books at low rates to reach children of deprived…
Validity of addition under section 69C on account of bogus purchases without disputing corresponding sales.
Validity of addition under section 69C on account of bogus purchases without disputing corresponding sales. Short Overview In case of…
No dual deduction permissible in respect of interest expenditure: Mumbai ITAT
No dual deduction permissible in respect of interest expenditure: Mumbai ITAT Short Overview When interest expenditure was allowed as a…
No disallowance under section 40(a)(ia) for short deduction of tax
No disallowance under section 40(a)(ia) for short deduction of tax Short Overview : Deduction of tax at source at lower…
GST Exemption : Support services to agriculture – Commission earned from auctioning of high quality cut flowers
GST Exemption : Support services to agriculture – Commission earned from auctioning of high quality cut flowers 2020 Tax Pub(GST)…
Land from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income
Land from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income Short Overview …
Penalty under section 271A on failure to maintain books of account & Reasonable cause
Penalty under section 271A on failure to maintain books of account & Reasonable cause Short Overview : When the issue…
