Capital gain exemption cannot be denied for the reason that house property was not intended for personal use
Capital gain exemption cannot be denied for the reason that house property was not intended for personal use …
Income Tax
Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?
Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of…
Excess stock surrendered during survey can be treated as unexplained income?
Excess stock surrendered during survey can be treated as unexplained income? The ITAT bench of Indore in the…
Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263
Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power…
Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.
Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of…
Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA
Income earned from unqualified person notcovered by presumptive scheme of taxation under section 44ADA There are lot many persons…
Legal validity of Rule 37A for F.Y 2022-23
Legal validity of Rule 37A for F.Y 2022-23 Rule 37A provides for reversal of ITC by recipient in case…
Assessment order passed by AO without quoting DIN – generation of DIN subsequently
Assessment order passed by AO without quoting DIN – generation of DIN subsequently ITAT in the case of. Harjeet Singh…
Income Tax benefits to startups (Sec 80-IAC)
Income Tax benefits to startups (Sec 80-IAC) 1.Section 80-IAC provides for a deduction of 100 percent of profits from…
Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC
Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC …
VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata
VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata M/s. Britannia Industries (ITA…
Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed
Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed In the case of Shri…
Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or others reasons.
Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within…
Taxation on transfer of the Tenancy Rights
Taxation on transfer of the Tenancy Rights Query 1] We are living in a house property taken on rent…
RBI regulations on sale of immovable properties by Non Residents
RBI regulations on sale of immovable properties by Non Residents FEMA, 1999 and FEM (Non-Debt Instrument), 2019 lay down…
Even if the shares are sold to the initial promoters through a third party, the transaction cannot be denied as genuine: ITAT Delhi
Even if the shares are sold to the initial promoters through a third party, the transaction cannot be denied as…
Online filing of Form 10F without PAN for a non resident not required to obtain a PAN:
Online filing of Form 10F without PAN for a non resident not required to obtain a PAN: Form 10F is…
Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC
Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC Diversey India…
