Sunday, December 16, 2018
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Validity of addition due to non submission of confirmation from the creditor

Validity of addition due to non submission of confirmation from the creditor FLO Dyne Controls (India) (P) Ltd. v. ITO ITA No.983/MUM/2016 Where assessee had shown in...
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Interest income can be taxed under both the heads, i.e., business income or income...

Interest income can be taxed under both the heads, i.e., business income or income from other sources Hindustan Unilever Ltd. vs. Addl. CIT ITA Nos....
Deduction towards interest on education loan taken in joint names

Deduction towards interest on education loan taken in joint names

Deduction towards interest on education loan taken in joint names Section 80E, provides for deduction  of interest on loan taken by  assessee from any financial...
Capital gain exemption u/s 54 on the basis of Agreement to sell of old property

Capital gain exemption u/s 54 on the basis of Agreement to sell of old...

Capital gain exemption u/s 54 on the basis of Agreement to sell of old property The definition of ‘transfer’ defined under section 2(47) is that...
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Taxability of Foreign allowances received by assessee for service rendered outside India through TCC

Taxability of Foreign allowances received by assessee for service rendered outside India through TCC DCIT v. Sudipta Maity ITA Nos. 416, 425 & 428/Kol/2017 11 July, 2018 Department...