Rule 11UA amended by CBDT for angel tax on funds raised from non-residants.
Rule 11UA amended by CBDT for angel tax on funds raised from non-residants. The CBDT has issued Press Release proposing…
IT Judgement
AO cannot reject the income estimated by the assessee by following the profit margin method, without first rejecting the books of accounts: ITAT Ahmedabad
AO cannot reject the income estimated by the assessee by following the profit margin method, without first rejecting the books…
Calcutta High Court set aside the order 148A(d) and 147 order and restored the matter in the stage of 148A(b)
Calcutta High Court set aside the order 148A(d) and 147 order and restored the matter in the stage of 148A(b)…
ITAT Jaipur bench deleted addition on account of cash deposited during demonetization out of cash sale
ITAT Jaipur bench deleted addition on account of cash deposited during demonetization out of cash sale ITAT Jaipur…
Whether secretarial auditor has to verify list of related parties disclosed in financial statements or he can simply rely on the list verified by the statutory auditors?
Whether secretarial auditor has to verify list of related parties disclosed in financial statements or he can simply rely on…
Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to rest by the Hon’ble Supreme Court!
Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to…
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB?
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB? Calcutta High…
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out of agricultural income?
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out…
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control Lies : Supreme Court.
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control…
Addition cannot be made on the basis of messages from SMS or WhatsApp
Addition cannot be made on the basis of messages from SMS or WhatsApp between two persons unless there was…
Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54
Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54 AP…
Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in terms of the first proviso to Section 149(1)(b)
Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in…
Non-registration of agreement to sale etc. does not disentitle assessee to claim benefit u/s 54F.
Non-registration of agreement to sale etc. does not disentitle assessee to claim benefit u/s 54F. In the case of Muthu…
Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment Year 2013-14
Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment…
Madras High Court Quashes Reassessment Made After The Limitation Period
Madras High Court Quashes Reassessment Made After The Limitation Period 1681048086546 (1)
SC judgement on revision of assessment orders U/S 263: CIT Vs Paville Projects Pvt. Ltd. (CA No. 6126 of 2021)
SC judgement on revision of assessment orders U/S 263: CIT Vs Paville Projects Pvt. Ltd. (CA No. 6126 of 2021)…
One time Amnesty scheme for settlement of default in export obligations
One time Amnesty scheme for settlement of default in export obligations Some immediate points that may need an examination; –…
Section 54F cannot be denied even if the assessee fails to fufill the requirement of depositing the Gains in Capital Gain Scheme Account
Section 54F cannot be denied even if the assessee fails to fufill the requirement of depositing the Gains in Capital…
