Interesting case : Taxability of lease premium received for 99 years
Interesting case : Taxability of lease premium received for 99 years whether it could be spread over the period of…
IT Judgement
Even if amount of TDS is deposited with interest, still prosecution is upheld by the court.
Even if amount of TDS is deposited with interest, still prosecution is upheld by the court. Notably & categorically, Court…
Demonetization special : Loose Sheet or scraps of papers cannot be termed as books as they can be easily detached and replaced
Demonetization special : Loose Sheet or scraps of papers cannot be termed as books as they can be easily detached…
Addition on the basis of loose sheet and torn papers found during search is unwarranted
Addition on the basis of loose sheet and torn papers found during search is unwarranted S.K. Gupta vs Deputy Commissioner…
if a notice is issued but is returned unserved by the postal authorities and thereafter no effort is made to serve another notice before the deadline, it shall be deemed to be a case of “non-service” and the assessment order will have to be quashed.
if a notice is issued but is returned unserved by the postal authorities and thereafter no effort is made to…
Demonetization Special: Pass book is not books of accounts for taxation u/s 68
Demonetization Special: Pass book is not books of accounts for taxation u/s 68 Equivalent citations: 1983 53 CompCas 400…
Reopening of Assessment u/s in 147: If the documents on record conclusively establish that the receipt did not give rise to any taxable income, it would not be open for the AO to reopen the assessment referring only to the non disclosure of the receipt in the return of income.
Reopening of Assessment u/s in 147: If the documents on record conclusively establish that the receipt did not give rise…
Transfer under section 2(47)(v)–Assessee having entered into joint development agreement as regards his property
Transfer under section 2(47)(v) Assessee having entered into joint development agreement as regards his property Assessee along with his mother…
Addition under section 68 & Receipt of share application money from non-resident
Addition under section 68 & Receipt of share application money from non-resident Assessee received share application money from non-resident. AO…
Whether interest is chargeable on gross tax liability or on net tax liability after set-off of input tax credit?
Whether interest is chargeable on gross tax liability or on net tax liability after set-off of input tax credit? 2019…
Anti-Profiteering clause & Charging more price than what could have been charged by issuing wrong tax invoices vs. Constitutional validity thereof
Anti-Profiteering clause & Charging more price than what could have been charged by issuing wrong tax invoices vs. Constitutional validity…
In absence of any investigation, much less gathering of evidence by the AO, an addition cannot be sustained merely based on inferences drawn by circumstance.
In absence of any investigation, much less gathering of evidence by the AO, an addition cannot be sustained merely based…
Invocation of rule 8D without recording satisfaction as to non-correctness of assessee’s claim of suo motu disallowance under section 14A is contravention of mandate laid down under section 14A(2)
Invocation of rule 8D without recording satisfaction as to non-correctness of assessee’s claim of suo motu disallowance under section 14A…
Addition made under section 68 could not be sustained if no opportunity had been allowed to assessee to cross-examine alleged entry operators.
Addition made under section 68 could not be sustained if no opportunity had been allowed to assessee to cross-examine alleged…
So long as there is no change in ownership of the firm and its properties, for the simple reason that the partnership of the firm stood reconstituted, there is no transfer of capital assets.
So long as there is no change in ownership of the firm and its properties, for the simple reason that…
Transfer Order of Asst. Commissioner & Dy.Comm of Income Tax
Transfer Order of Asst. Commissioner & Dy.Comm of Income Tax Order No. 142 of 2019 Transfer Order of Asst. Commissioner…
Business Compliance Calendar for the month of July 2019
Business Compliance Calendar for the month of July 2019 Special Caution: – Annual return of income for the assessment…
Landmark Judgment :Distance from the metropolitan area isn’t relevant to classify a land as rural agricultural land
Landmark Judgment :Distance from the metropolitan area isn’t relevant to classify a land as rural agricultural land Kolkata ITAT in Naiyer…
