Welcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by seller
Welcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by…
IT Judgement
PCIT vs. Paramshakti Distributors Pvt. Ltd (Bombay High Court)
PCIT vs. Paramshakti Distributors Pvt. Ltd (Bombay High Court) IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL…
Business deduction under section 36(1)(ii) towards Bonus or commission if recipient director having held shares for some period during the year
Business deduction under section 36(1)(ii) towards Bonus or commission if recipient director having held shares for some period during the…
Sec. 80-IB deduction couldn’t be allowed subsequently if same wasn’t claimed in ITR filed by assessee
Sec. 80-IB deduction couldn’t be allowed subsequently if same wasn’t claimed in ITR filed by assessee INCOME TAX : Where…
Deduction under section 80-IA on Value of electricity provided to sister concerns, which was generated in assessee’s own captive plant
Deduction under section 80-IA on Value of electricity provided to sister concerns, which was generated in assessee’s own captive plant…
Last year, my turnover was Rs. 1.15 Crore & was covered by presumptive taxation. Whether TDS provision applicable for this year?
Last year, my turnover was Rs. 1.15 Crore & was covered by presumptive taxation. Whether TDS provision applicable for this…
Business deduction under section 36(1)(va)–Employee’s contribution to Provident fund
Business deduction under section 36(1)(va)–Employee’s contribution to Provident fund CASE LAW DETAILS CASE NAME: High Volt Electricals (P.) Ltd. Vs…
Employee’s contribution to Provident fund & applicability of amended Section 43B on employees contribution
Employee’s contribution to Provident fund & applicability of amended Section 43B on employees contribution High Volt Electricals (P.) Ltd. v.…
Value of taxable supply on supply of extra packs of Cigarettes without recovering any additional cost from the Distributors
Value of taxable supply on supply of extra packs of Cigarettes without recovering any additional cost from the Distributors 2019…
Addition on account of unexplained deposits in bank account, information found during the income tax raid of other persons
Addition on account of unexplained deposits in bank account, information found during the income tax raid of other persons Short…
Validity of addition of alleged bogus long-term capital gains (LTCG) if sufficient evidences is furnished by the assessee
Validity of addition of alleged bogus long-term capital gains (LTCG) if sufficient evidences is furnished by the assessee Short Overview: Where…
Services such as data storage, documents scanning, etc. attracts TDS under section 194C
Services such as data storage, documents scanning, etc. attracts TDS under section 194C INCOME TAX: Where assessee insurance company made…
Deduction towards expenditure of premium payable on redemption of debentures
Short Overview : Premium payable on redemption of debentures was an expenditure allowable as revenue but it had to be…
Deemed rental income on Property lying vacant despite best efforts
Deemed rental income on Property lying vacant despite best efforts Short Overview: Assessee had categorically stated that he had all intention…
Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure
Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure Short Overview: Interest…
Auditor of trust in Maharashtra have to do additional reporting in Form IX-D
Auditor of trust in Maharashtra have to do additional reporting in Form IX-D Bombay Public Trusts (Second Amendment) Rules, 2019…
Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain or business income?
Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain…
Buying and selling activity in the lands characterized by a multiplicity of transactions – Income is taxable as business income and not capital gain income
Buying and selling activity in the lands characterized by a multiplicity of transactions – Income is taxable as business income…
