Interest-free loan advanced to other charitable trusts & Violation of section 13(3)
Interest-free loan advanced to other charitable trusts & Violation of section 13(3) Short Overview : As per the insertion of the…
IT Judgement
Certain important questions of law touching the business activities of the banks in the matter of grant of loans/advances and recovery thereof.
Certain important questions of law touching the business activities of the banks in the matter of grant of loans/advances and…
Deputy Commissioner of Stamp Duty cannot decide the validity of the document or the validity of the trust deed for the purpose of determining the stamp duty payable as per the Transfer of Property Act, 1882.
Deputy Commissioner of Stamp Duty cannot decide the validity of the document or the validity of the trust deed for…
Whether mere old age and infirmity of the executor of an agreement could be considered as grounds for undue influence?
Whether mere old age and infirmity of the executor of an agreement could be considered as grounds for undue influence?…
One Society – Two PAN – Two returns – Two Rival Groups : Interesting Issues Never Ends
One Society – Two PAN – Two returns – Two Rival Groups : Interesting Issues Never Ends CALCUTTA HIGH COURT…
Interesting judgment on Availability of Input tax credit on Detachable Engineered Wood with Oak Wooden Flooring capitalised as furniture and fixture
Interesting judgment on Availability of Input tax credit on Detachable Engineered Wood with Oak Wooden Flooring capitalised as furniture and…
Transfer pricing & Computation of ALP : Notional interest accrued on account of delayed payment by AE, could not be treated as part of assessee’s income and made the subject-matter of the adjustments
Transfer pricing & Computation of ALP : Notional interest accrued on account of delayed payment by AE, could not…
Merely because the assessee was not able to generate desired agricultural income from the said land and sold the said land within one year of would not change the character of agricultural land to a non-agricultural land. Assessee would be entitled to claim the benefit of exemption under section 10(1).
Merely because the assessee was not able to generate desired agricultural income from the said land and sold the said…
Supply of ice creams, chocolates, ice cream cakes and pizza cakes in an IBACO outlet is a Composite supply or not ?
Supply of ice creams, chocolates, ice cream cakes and pizza cakes in an IBACO outlet is a Composite supply or…
Allowability of ITC u/s 16 towards Electrical Works, Pumps, Pumping systems and tanks, Lighting system, Physical security system and Fire System
Allowability of ITC u/s 16 towards Electrical Works, Pumps, Pumping systems and tanks, Lighting system, Physical security system and Fire…
Deduction under section 36(1)(va) towards Employees’ contributions to PF, EST etc
Deduction under section 36(1)(va) towards Employees’ contributions to PF, EST etc short overview : Where assessee could not prove that…
Power of CIT(A) in respect of Fee under section 234E charged and cancelled holding TDS return as non-est
Power of CIT(A) in respect of Fee under section 234E charged and cancelled holding TDS return as non-est short overview…
Since Assessee has not tendered cogent evidence to explain as to how the shares in an unknown company had jumped to an higher amount in no time – It needs to be treated as Bogus LTCG
Since Assessee has not tendered cogent evidence to explain as to how the shares in an unknown company had jumped…
Where Assessee is continuously in the business of exploration and production of oil, expenditure incurred by it on abandoned project is in normal course of its business and such expenditure is allowable as revenue expenditure
Where Assessee is continuously in the business of exploration and production of oil, expenditure incurred by it on abandoned project…
Providing hostel and transport facility to students was incidental to achieve object of providing education & so is not in the nature of business
Providing hostel and transport facility to students was incidental to achieve object of providing education & so is not in…
Disallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies.
Disallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies. Macintosh…
Whether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not ?
Whether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not…
In order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates
In order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates…
