Whether capital gain exemption is available on purchase of semi-finished flat?
Whether capital gain exemption is available on purchase of semi-finished flat? INCOME TAX: Where assessee, having sold residential property, utilised…
IT Judgement
Preliminary expenses of assessee engaged in service sector is also eligible for deduction
Preliminary expenses of assessee engaged in service sector is also eligible for deduction INCOME TAX: In case of service sector,…
Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT Chennai
Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT Chennai CASE LAW DETAILS…
Interesting judgement : Delay in filing of tax audit report due to Virus in computer system – Whether penalty can de dropped ?
Interesting judgement : Delay in filing of tax audit report due to Virus in computer system – Whether penalty can…
Applicability of exemption limit of Rs 20 Lakh of Gratuity for employees retiring before 29.03.2018.
Applicability of exemption limit of Rs 20 Lakh of Gratuity for employees retiring before 29.03.2018. Facts of the case are…
Validity of reopening of assessment merely on the basis of report of investigation wing without conducting further enquiry
Validity of reopening of assessment merely on the basis of report of investigation wing without conducting further enquiry Income Tax…
Admissibility of Additional evidence by CIT (Appeal) & contravention of rule 46A
Admissibility of Additional evidence by CIT (Appeal) & contravention of rule 46A Income Tax Act, 1961, Section 250(4) Appeal [CIT(A)]—Additional evidence—Admissibility—Contravention…
At the stage of granting registration under section 12AA, stage of granting registration CIT(E) was not required to examine application of income
At the stage of granting registration under section 12AA, stage of granting registration CIT(E) was not required to examine application…
Trust eligible for benefit of sec. 11, though ITR was filed in response to reassessment notice: ITAT Delhi
Trust eligible for benefit of sec. 11, though ITR was filed in response to reassessment notice: ITAT Delhi nited Educational…
Delhi HC allowed deduction of preliminary exp. to assessee engaged in service sector
Delhi HC allowed deduction of preliminary exp. to assessee engaged in service sector INCOME TAX ACT 1961: In case of…
Reassessment on the basis of an illegal notice u/s 148 is not sustainable : ITAT Mumbai
Reassessment on the basis of an illegal notice u/s 148 is not sustainable : ITAT Mumbai Reassessment Notice u/s. 148…
Measures for resolution of distressed companies
Measures for resolution of distressed companies The existing provisions of section 79 are not applicable to a company where any…
Addition made under section 68 based upon surmise and conjecture had to be deleted
Addition made under section 68 based upon surmise and conjecture had to be deleted Income Tax Act, 1961, Section 68 Income…
Perquisite doesn’t include notional interest on loan taken by assessee from a company in which he was a director
Perquisite doesn’t include notional interest on loan taken by assessee from a company in which he was a director Income…
Landmark Judgment by Hon’Ble Gujarat High Court which concluded that 3B is not a return, hence there is no due date for availment of missed out credits.
Landmark Judgment by Hon’Ble Gujarat High Court which concluded that 3B is not a return, hence there is no due…
Penalty imposed under section 271FA for not filing of NIL AIR (SFT) & Landmark Judgment by Visakhapatnam ITAT
Penalty imposed under section 271FA for not filing of NIL AIR (SFT) & Landmark Judgment by Visakhapatnam ITAT Income Tax…
Disallowance under section 14A towards Expenditure against exempt income if no exempt dividend income earned by assessee
Disallowance under section 14A towards Expenditure against exempt income if no exempt dividend income earned by assessee Income Tax Act,…
No deduction Under section 194C or 194J towards ayments to artists participating as guests or judges in reality shows hosted by taxpayer
No deduction Under section 194C or 194J towards ayments to artists participating as guests or judges in reality shows hosted…
