Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC
Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC Shri…
IT Judgement
Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level
Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level Short Overview : An assessee…
Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence
Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence…
Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued and the charge on with the penalty was imposed
Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued…
Cleaning & sweeping service to government hospitals is exempt or taxable ?
Cleaning & sweeping service to government hospitals is exempt or taxable ? IN THE AUTHORITY FOR ADVANCE RULING, WEST BENGAL…
Raye of tax on Solar LED Torch used generally in agriculture/rural area
Raye of tax on Solar LED Torch used generally in agriculture/rural area IN THE AUTHORITY FOR ADVANCE RULING, MADHYA PRADESH…
Validity of Addition under section 68 where creditworthiness and genuineness not proved but Alleged outstanding loan was repaid subsequently
Validity of Addition under section 68 where creditworthiness and genuineness not proved but Alleged outstanding loan was repaid subsequently Short…
Validity of ddition under section 68 when cash amount explained as derived from sale of agricultural produce
Validity of ddition under section 68 when cash amount explained as derived from sale of agricultural produce Short Overview : Where…
Landmark Judgment :Transfer of possession for limited purpose in Joint Development Agreement and capital gain tax liability
Landmark Judgment :Transfer of possession for limited purpose in Joint Development Agreement and capital gain tax liability short overview: Except entering…
Genuineness and creditworthiness not proved if assessee failed to produce the person
Genuineness and creditworthiness not proved if assessee failed to produce the person Short Overview : A perusal of financial statement, bank…
Landmark Judgment by Apex Court: The failure to issue a notice u/s 143(2) renders the assessment order void even if the assessee has participated in the proceedings.
Landmark Judgment by Apex Court: The failure to issue a notice u/s 143(2) renders the assessment order void even if…
Allowability of depreciation on Non-compete fee
Allowability of depreciation on Non-compete fee short Overview: Depreciation on non-compete fee was allowable @ 25% by treating it as…
Validity of assessment on isuance of section 143(2) notice on the very same day of filing return
Validity of assessment on isuance of section 143(2) notice on the very same day of filing return Short Overvivew : Issuance…
Assessee would be entitled to claim deduction under section 36(1)(iii) with respect to provision for interest liability, which was accrued but not provided for.
Assessee would be entitled to claim deduction under section 36(1)(iii) with respect to provision for interest liability, which was accrued…
No additions if AO failed to show nexus between documents seized during search of third person and assessee
No additions if AO failed to show nexus between documents seized during search of third person and assessee [2019] 109 taxmann.com 202…
Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An excellent judgment by ITAT Chandigarh.
Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An…
A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under Section 25 of the companies Act.
A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under…
Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction to make additions or disallowances on other issues
Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction…
