Appeal filed without paying tax due on returned income is defective but not void : Mumbai ITAT
Appeal filed without paying tax due on returned income is defective but not void : Mumbai ITAT Case: – Bhumiraj…
IT Judgement
Input tax credit-GST paid on goods and services used for construction of Tie-in pipelines
Input tax credit-GST paid on goods and services used for construction of Tie-in pipelines 2019 TaxPub(GST) 1303 (AAR-Maha) IN THE…
Obliged u/s 170 to file a revised return to reflect the effect of the amalgamation after the due date specified in section 139(5)
Obliged u/s 170 to file a revised return to reflect the effect of the amalgamation after the due date specified…
No addition for undervaluation of closing work-in-progress can be made if working is done as per Project Completion Method followed consistently by the assessee
No addition for undervaluation of closing work-in-progress can be made if working is done as per Project Completion Method followed…
MAT credit: Whether credit for surcharge and education cess on brought forward MAT credit is available ?
MAT credit: Whether credit for surcharge and education cess on brought forward MAT credit is available ? Short Overview : Though…
Interest and power subsidy to set up plant in backward region is Capital receipt or Revenue receipt?
Interest and power subsidy to set up plant in backward region is Capital receipt or Revenue receipt? IN THE CALCUTTA…
Whether the Appellate Tribunal has rightly allowed the respondent’s appeal to grant registration under Section 12A of the Act despite the fact that before the CIT , the respondent has failed to produce the details of donation received
Whether the Appellate Tribunal has rightly allowed the respondent’s appeal to grant registration under Section 12A of the Act despite…
1st proviso to section 98(2) prohibits Authority of Advance Ruling from admitting any application where the question raised is already pending.
1st proviso to section 98(2) prohibits Authority of Advance Ruling from admitting any application where the question raised is already…
Validity of Reassessment notice u/s 148 on the basis of Investigation report revealing non-disclosure of capital gain on sale of shares
Validity of Reassessment notice u/s 148 on the basis of Investigation report revealing non-disclosure of capital gain on sale of…
Disallowance of deduction claimed u/s 54F & deduction u/s 54.
Disallowance of deduction claimed u/s 54F & deduction u/s 54. Abodh Borar, Faridabad vs Ito, Faridabad on 18 November, 2019…
Complete Case of Agson Global Pvt. Ltd Vs. ACIT (Delhi ITAT) which deleted additions of cashdeposits during demonetisation
Complete Case of Agson Global Pvt. Ltd Vs. ACIT (Delhi ITAT) which deleted additions of cashdeposits during demonetisation [ITA No.…
Taxing authorities are entitled to look into the surrounding circumstances to find out the reality and the matter has to be considered by applying the test of human probabilities – SC in Sumati Dayal vs Commissioner Of Income-Tax 214TR 801 (SC).
Taxing authorities are entitled to look into the surrounding circumstances to find out the reality and the matter has to…
Addition under section 68 is not sustainable if there is a clear lack of inquiry on the part of AO: ITAT Delhi
Addition under section 68 is not sustainable if there is a clear lack of inquiry on the part of AO:…
Applicability of TDS provision on Payment to NRI towards software licenses and IT support services
Applicability of TDS provision on Payment to NRI towards software licenses and IT support services Income Tax Act, 1961, Section 90…
Money paid to perfect a title or as consideration for getting rid of a defect in the title or a threat of litigation the payment would be a capital payment and not a revenue payment: SC
Money paid to perfect a title or as consideration for getting rid of a defect in the title or a…
Taxpayer can treat interest paid as deduction while computing capital gain even if the deduction towards housing loan was also claimed earlier: ITAT Delhi
Taxpayer can treat interest paid as deduction while computing capital gain even if the deduction towards housing loan was also…
IncomeTax is on Income. If income does not result at all, there cannot be a tax, eventhough in book-keeping, an entry is made about a ” hypothetical income”: Supreme Court
IncomeTax is on Income. If income does not result at all, there cannot be a tax, eventhough in book-keeping, an…
Income from undisclosed sources—Addition under section 68—Liability payable as a consequence of trading transaction
Income from undisclosed sources—Addition under section 68—Liability payable as a consequence of trading transaction short overview : Since transaction between assessee…
