Appeal in respect of Bogus LTCG not to be withdrawan even if it is within the specified Monetary limit : CBDT
Appeal in respect of Bogus LTCG not to be withdrawan even if it is within the specified Monetary limit :…
IT Judgement
Demonetization special: No addition warranted when assessee submitted books of account showing relevant entries of payment being made to them which resulted in cash in its books and also submitted affidavits of payers,
Demonetization special: No addition warranted when assessee submitted books of account showing relevant entries of payment being made to them…
Additional claim can be allowed by CIT(A) and Tribunal even if assessee mistakenly fails to claim it in its return
Additional claim can be allowed by CIT(A) and Tribunal even if assessee mistakenly fails to claim it in its return…
CBDT Clarification on section 44AE
CBDT Clarification on section 44AE CBDT Clarification on section 44AE F.No.225/233/2019/ITA-II Government of India Ministry of Finance Department of Revenue Central…
Whether the Lease Agreement between the Applicant Company i.e. the lessor and the Lessee for a period of 99 years is a Sale of immovable property and outside GST and is exempt from levy of GST?
Whether the Lease Agreement between the Applicant Company i.e. the lessor and the Lessee for a period of 99 years…
Filing of Balance sheet before assessing officer doesn’t prove that the assessee is maintaining the books of accounts
Filing of Balance sheet before assessing officer doesn’t prove that the assessee is maintaining the books of accounts Mr. Pradeep…
Salman Khan Case: Criminal proceedings arising out of hunting and killing a black deer had nothing to do with his professional activity as an actor and so the amount paid is not allowable as deduction
Salman Khan Case: Criminal proceedings arising out of hunting and killing a black deer had nothing to do with his…
Delay in filing appeal due to improper legal advice can condoned.
Delay in filing appeal due to improper legal advice can condoned. DCIT Vs Atlas Copco (India) Limited (ITAT Pune) [Appeal…
Validity of addition during Assessment under section 153A if no seized document found during search at assessee’s premises
Validity of addition during Assessment under section 153A if no seized document found during search at assessee’s premises Short Overvivew…
In case of charitable trust, excess expenditure incurred in earlier years can be set off against the income of subsequent year
In case of charitable trust, excess expenditure incurred in earlier years can be set off against the income of subsequent…
Section 68 had no application to facts of assessee’s case because assessee had duly disclosed donations as its income.
Section 68 had no application to facts of assessee’s case because assessee had duly disclosed donations as its income. Short…
Validity of Addition under section 69C on the strength of statement of third party without opportunity of cross-examination
Validity of Addition under section 69C on the strength of statement of third party without opportunity of cross-examination Short Overvivew…
Addition under section 68 towards Cash gift is not sustainable if Assessee is not required to maintain any books of accounts
Addition under section 68 towards Cash gift is not sustainable if Assessee is not required to maintain any books of…
Funds of the educational institution can not to be utilized by trust for any other object/purpose
Funds of the educational institution can not to be utilized by trust for any other object/purpose Short Overview : Since funds…
Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities
Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities Short Overview : Where…
TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him
TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him Short…
Assessee can follow different systemsof accounting in respect of different sources of income
Assessee can follow different systemsof accounting in respect of different sources of income It is well established that the choice…
AO couldn’t reject sec. 12AA registration merely because assessee was claiming exemption u/s 10(23C)
AO couldn’t reject sec. 12AA registration merely because assessee was claiming exemption u/s 10(23C) CIT v. Beant College of Engineering…
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