Taxation of retention Money retained by contracted, to be received only after conclusion of project
Taxation of retention Money retained by contracted, to be received only after conclusion of project Short Overview In terms of…
IT Judgement
Assessment framed on erstwhile partnership firm which was a non-existent entity was void ab initio.
Assessment framed on erstwhile partnership firm which was a non-existent entity was void ab initio. Short Overview : Assessment framed…
Assessee engaged in business of real estate & Method of accounting for recognizing profit by completed Contract Method vs. Percentage Completion Method
Assessee engaged in business of real estate & Method of accounting for recognizing profit by completed Contract Method vs. Percentage Completion…
Applicability of TDS on Discount on sale of Set-Top Boxes and Recharge Coupon Vouchers
Applicability of TDS on Discount on sale of Set-Top Boxes and Recharge Coupon Vouchers Income Tax Act, 1961, Section 40(a)(ia)…
Section 32(1) provides for depreciation in respect of trademarks owned wholly or partly by the assessee
Section 32(1) provides for depreciation in respect of trademarks owned wholly or partly by the assessee Short Overview Where assessee,…
Applicability of TDS U/s 194C on Payments made to clearing and forwarding agents
Applicability of TDS U/s 194C on Payments made to clearing and forwarding agents Short Overview Where separate bills were raised by clearing…
Capital gains : Transfer whether to be construed completed when release deed got registered
Capital gains : Transfer whether to be construed completed when release deed got registered Short overview Where assessee and others…
Deposit of cash directly in the bank account & validity of disallowance u/s 40A(3) read with Rule 6DD
Deposit of cash directly in the bank account & validity of disallowance u/s 40A(3) read with Rule 6DD Allahabad High…
Validity if Penalty under section 271AAB if assessee failed to offer any explanation about source of undisclosed investment
Validity if Penalty under section 271AAB if assessee failed to offer any explanation about source of undisclosed investment Short Overview Where…
Validity of Rejection of books of accounts under section 145 without even examination of books of assessee
Validity of Rejection of books of accounts under section 145 without even examination of books of assessee Short Overview Even…
Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or furnishing of inaccurate particulars of income
Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or…
Capital gains Exemption u/s 54F if Assessee is holding one more residential property in joint name with his wife when Purchase was done by wife of assessee and also paid by her only
Capital gains Exemption u/s 54F if Assessee is holding one more residential property in joint name with his wife when Purchase…
Interest on FDRs placed with banks – Whether a business income or other source income
Interest on FDRs placed with banks – Whether a business income or other source income Short Overview Assessee merely placed…
Classification of service & Rate of Tax on Mining lease of soapstone and dolomit
Classification of service & Rate of Tax on Mining lease of soapstone and dolomite IN THE AUTHORITY FOR ADVANCE RULINGS, TAMILNADU…
Law as on the date of agreement is relevant for section 56(2)(x)
Law as on the date of agreement is relevant for section 56(2)(x) Short Overview Since provisions of section 56(2)(vii)(b)(ii) were…
CBDT issues further Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020
CBDT issues further Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 Circular No. 21/2020 No. IT(A)/1/2020-TPL…
Interest income on FDR’s pleaded as intrinsically connected with business of assessee- whether business income or income from other source?
Interest income on FDR’s pleaded as intrinsically connected with business of assessee- whether business income or income from other source? Short Overview…
Notional Taxation: Law as applicable as on the date of agreement required to be applied for taxing the income.
Notional Taxation: Law as applicable as on the date of agreement required to be applied for taxing the income. ITAT…
