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…
Income Tax
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…
Rental income from let out property without any additional services is income from house property: ITAT Delhi
Rental income from let out property without any additional services is income from house property: ITAT Delhi DCIT, Circle-27(1),…
Income Tax adjudication proceedings and prosecution proceedings are independent of each other: Madras HC
Income Tax adjudication proceedings and prosecution proceedings are independent of each other: Madras HC. . R.Revathy Vs. The Assistant Commissioner…
AO needs to physically issue notices, in case, the address of assessee is not available: Bombay HC
AO needs to physically issue notices, in case, the address of assessee is not available: Bombay HC Muffadal Contractor vs.…
Expenses cannot be disallowed merely due to non-payment of amount to the vendors
Expenses cannot be disallowed merely due to non-payment of amount to the vendors There are various issues which were involved…
Capital contribution from partners do not amount to unexplained cash credits.
Capital contribution from partners do not amount to unexplained cash credits. ITAT Guwahati held that “We also examine…
Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs 1128 Crores: Bombay HC
Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs…
Disclosure of Foreign Assets in the Income Tax Return & Penalty under Black Money Act
Disclosure of Foreign Assets in the Income Tax Return & Penalty under Black Money Act Disclosure of Foreign Assets is mandatory…
CBIC Allowing Gstin Amendment in Bill of Entry After Out of Charge (OOC) provided PAN remains same
CBIC Allowing Gstin Amendment in Bill of Entry After Out of Charge (OOC) provided PAN remains same Date: 07th…
DGGI Meerut Officials bust a massive syndicate involving 102 fake entities with a staggering turnover of Rs. 1,481 crore, four held
DGGI Meerut Officials bust a massive syndicate involving 102 fake entities with a staggering turnover of Rs. 1,481 crore, four…
Standard Operation Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU), under The Faceless Assessment Provision of Section 144B of the Income-tax Act.
Standard Operation Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU), under The…
Whether Section 79 can be invoked if the beneficial ownership ofncomoany is the same?
Whether Section 79 can be invoked if the beneficial ownership ofncomoany is the same? Let us have a short…
Non service of notice physically for reopening: Assessment order quashed set aside for de-novo consideration by Bombay High Court
Non service of notice physically for reopening: Assessment order quashed set aside for de-novo consideration by Bombay High Court In…
Issue of notice at incorrect email id- Assessment order set aside by ITAT
Issue of notice at incorrect email id- Assessment order set aside by ITAT Its a trite law that unless notice…
Can I gift the property to my wife after claiming exemption from capital gain?
Can I gift the property to my wife after claiming exemption from capital gain? [Query 1] In the last issue…
