Disallowance under section 14A if no exempt income earned
Disallowance under section 14A if no exempt income earned short Overviwe: Where assessee did not earn any tax-free income during the…
IT Judgement
Agricultural income treatment if Assessee failed to prove agriculture activity
Agricultural income treatment if Assessee failed to prove agriculture activity short Overviwe: Where adangal village account with respect to cultivation…
Filing of income tax returns without payment of self-assessment tax : Penal provisions invocation
Filing of income tax returns without payment of self-assessment tax : Penal provisions invocation short Overviwe: If due to huge…
Exemption under section 10(23C)(vi) & existence of institution existing not solely for the purpose of education but for the purpose of profit
Exemption under section 10(23C)(vi) & existence of institution existing not solely for the purpose of education but for the purpose…
Gift to unrelated person was not a normal human behavior : Merely because money had come through banking channels, genuineness of the transaction was not established.
Gift to unrelated person was not a normal human behavior : Merely because money had come through banking channels, genuineness…
Supreme Court stayed Delhi High Court Judgment directing GST Department to open the facility to file GST Tran-1 till 30th June 2020
Supreme Court stayed Delhi High Court Judgment directing GST Department to open the facility to file GST Tran-1 till 30th…
Assessment can be Invalidated if AO adjudicated assessment on non-CASS issues without prior written approval from Administrative CIT
Assessment can be Invalidated if AO adjudicated assessment on non-CASS issues without prior written approval from Administrative CIT short…
Interesting Issue: Clubbing of income Vs. Loss in F&O business incurred by wife out of the amount gifted by Husband
Interesting Issue: Clubbing of income Vs. Loss in F&O business incurred by wife out of the amount gifted by Husband…
Admissibility of deduction towards Interest on capital borrowed if Interest free loans are given to related party & Assessee have interest free funds available with it
Admissibility of deduction towards Interest on capital borrowed if Interest free loans are given to related party & Assessee have…
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of section 10(23C)(iiiad)
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of…
Capital gain taxable in the year in which the period of 3 years from the date of transfer of the original asset expires
Capital gain taxable in the year in which the period of 3 years from the date of transfer of the…
Validity of addition under section 68 if Assessee did not produce income-tax return of the lender or any confirmation
Validity of addition under section 68 if Assessee did not produce income-tax return of the lender or any confirmation …
Validity of addition on account of under valuation of closing stock of Yarn if none of the authorities have given direction to revise the value of the opening stock of the subsequent year
Validity of addition on account of under valuation of closing stock of Yarn if none of the authorities have given…
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of section 10(23C)(iiiad)
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of…
Addition under section 69C on bogus purchases if there is no dispute with regard to corresponding sales
Addition under section 69C on bogus purchases if there is no dispute with regard to corresponding sales short Overview: There could…
Capital gains chargeability on transfer of know-how of an underdeveloped product having no cost of acquisition
Capital gains chargeability on transfer of know-how of an underdeveloped product having no cost of acquisition short Overview: Where capital asset,…
Expenses incurred on developing and maintaining land in connection with real estate activity & its deduction against forfeited amount
Expenses incurred on developing and maintaining land in connection with real estate activity & its deduction against forfeited amount short…
Kerala HC directed CIT(A) to decide appeal on merits without asking for deposit of 20% of tax demand
Kerala HC directed CIT(A) to decide appeal on merits without asking for deposit of 20% of tax demand Aranattukara Oriental…
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