Consequences of the non compliance of Section 20D(2) with respect to the acquisition proceedings
Consequences of the non compliance of Section 20D(2) with respect to the acquisition proceedings Nareshbhai Bhagubhai vs Union Of India…
IT Judgement
CIT(A) erred in deleting the addition made on account of capitalization of share listing expenses and deleting the disallowance made on account of community Development (Donation) expenses u/s 37(1) of the Income Tax Act, 1961.
CIT(A) erred in deleting the addition made on account of capitalization of share listing expenses and deleting the disallowance made…
There is no “transfer” under Section 2(47)(v) of the Income Tax Act, 1961 read with Section 53-A of the Transfer of Property Act ,if possession is delivered to a developer in his capacity as licensee for the development of property and not in his capacity as transferee.
There is no “transfer” under Section 2(47)(v) of the Income Tax Act, 1961 read with Section 53-A of the Transfer of Property Act ,if…
Profit arising from sale of shares to assessee was to be regarded as business income where more than 200 transactions of sale and purchase of shares took place throughout year through various share brokers
Profit arising from sale of shares to assessee was to be regarded as business income where more than 200 transactions…
Whether the CIT was justified in invoking revisionary jurisdiction u/s 263 of the Act
Whether the CIT was justified in invoking revisionary jurisdiction u/s 263 of the Act Direct Media Distribution … vs Pr.Cit…
ITAT held that Section 24(b) and Section 48 are covered under different heads and neither of the sections exclude operation of the other
ITAT held that Section 24(b) and Section 48 are covered under different heads and neither of the sections exclude operation…
Penalty under Section 76 of the Finance Act, 1994 can be imposed for mere default/delay in payment of Service Tax in addition to the penalty under Section 78 and these penalties are mutually exclusive and even if offences are committed in the course of same transaction or arise out of same act, penalty is imposable for ingredients of both offences.”
Penalty under Section 76 of the Finance Act, 1994 can be imposed for mere default/delay in payment of Service Tax in addition…
CIT ‘s order is contradictory to the provisions of section 119(2)(b) of the Income-tax Act by allowing the appeal of the assessee without appreciating the legal position that, if the return was not selected for the scrutiny assessment u/s. 143 of the Income tax Act
CIT ‘s order is contradictory to the provisions of section 119(2)(b) of the Income-tax Act by allowing the appeal of the assessee…
Section 56(2)(viia) cannot apply to a foreign company as Rule 11U(b)(ii) (prior to 01.04.2019) which defines “balance sheet‟ was not applicable to a foreign company.
Section 56(2)(viia) cannot apply to a foreign company as Rule 11U(b)(ii) (prior to 01.04.2019) which defines “balance sheet‟ was not applicable…
Interesting case: Capital gain Exemption if Payments towards purchase of plot is done prior to one year of capital gain exemption
Interesting case: Capital gain Exemption if Payments towards purchase of plot is done prior to one year of capital gain…
Supreme Court has stayed a Gujarat HC order, which held that GSTR 3B is not a return
Supreme Court has stayed a Gujarat HC order, which held that GSTR 3B is not a return The Supreme Court…
Carry forward and set-off of Unabsorbed depreciation & Effect of Circular No. 14 of 2001 with amendment by the Finance Act, 2001
Carry forward and set-off of Unabsorbed depreciation & Effect of Circular No. 14 of 2001 with amendment by the Finance…
Applicability of Tax deduction at source u/s 195 on Commission paid to foreign agents for procuring export orders
Applicability of Tax deduction at source u/s 195 on Commission paid to foreign agents for procuring export orders short overview…
Expenditure incurred towards installation of software where no enduring benefit is conferred is a Capital or revenue expenditure?
Expenditure incurred towards installation of software where no enduring benefit is conferred is a Capital or revenue expenditure? short overview…
Landmark Judgment : Section 54 exemption is available if assessee purchases multiple residential units in same building
Landmark Judgment : Section 54 exemption is available if assessee purchases multiple residential units in same building Smt. Minal Nayan…
Whether purchases corresponding to the excess stock found during Survey would be allowed as deduction ?
Whether purchases corresponding to the excess stock found during Survey would be allowed as deduction ? short overview : When the…
Reassessment & Issuance of notice in the name of deceased assessee
Reassessment & Issuance of notice in the name of deceased assessee short overview : Notice under section 148 being a jurisdictional…
GST: Debarked Eucalyptus Wood-Whether classifiable under heading 4401 or 4403
GST: Debarked Eucalyptus Wood-Whether classifiable under heading 4401 or 4403 2019 TaxPub(GST) 1153 (AAR-Karn) IN THE AUTHORITY FOR ADVANCE RULING,…
