Income Tax

Expenditure is not debited to profit and loss account – Whether disallowance u/s 40(a)(ia) for non deduction of tax at source can be made?

3 years ago

Expenditure is not debited to profit and loss account – Whether disallowance u/s 40(a)(ia) for non deduction of tax at…

Income Tax

Income Tax Act – List of Exempt Institutions Registered inForm 10AC

3 years ago

Income Tax Act – List of Exempt Institutions Registered in Form 10AC Exempted Institution with name starting from ‘AB’ to…

IT Judgement

Amount paid to discharge the mortgage created by the previous owner – Whether deductible or not?

3 years ago

Amount paid to discharge the mortgage created by the previous owner – Whether deductible or not? There are various…

Income Tax

Whether the effect of section 43CA is to be given in the books of accounts by the Builder?

3 years ago

Whether the effect of section 43CA is to be given in the books of accounts by the Builder? Income tax…

Income Tax

Can the benefit of section 43CA(3) be denied in a case where the initial amount is received by cash though subsequent amounts are received by cheque?

3 years ago

Can the benefit of section 43CA(3) be denied in a case where the initial amount is received by cash though…

IT Judgement

Validity of addition if the Agreement to sale done prior to introduction of section 43CA & Sale deed done afterwards

3 years ago

Validity of addition if the Agreement to sale done prior to introduction of section 43CA & Sale deed done afterwards…

Assessment

No penalty U/s 271(1)(b) if the assessment is completed U/s 143(3) & not ex-parte U/s 144

3 years ago

No penalty U/s 271(1)(b) if the assessment is completed U/s 143(3) & not ex-parte U/s 144 The imposition…

Assessment

Bombay High Court allows deduction u/s 80IB(10) on issuance of completion certificate

3 years ago

Bombay High Court allows deduction u/s 80IB(10) on issuance of completion certificate The Principal Commissioner of Income Tax-17 Versus…

Income Tax

Penalty u_s 271(1)(c) cannot be levied on debatable issue!

3 years ago

Penalty u_s 271(1)(c) cannot be levied on debatable issue! IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFOREMRS.…

House propery Income Tax

In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the same: Madras High Court

3 years ago

In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the…

Income Tax

Deemed Dividend Taxation U/s 2(22)(e): Accumulated profit will include current year profit as well?

3 years ago

Deemed Dividend Taxation U/s 2(22)(e): Accumulated profit will include current year profit as well? Here is an interesting case before…

Business/Profession other topic

Validity of addition done pursuant to the statements of the third party without any incriminating material

3 years ago

Validity of addition done pursuant to the statements of the third party without any incriminating material Here is…

Business/Profession Capital Gain

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption

3 years ago

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption Any profit arising from…

Circular

Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due: CBDT

3 years ago

Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due: CBDT …

Income Tax

Deputy Commision of Income Tax sentenced to Jail for a week by Allahabad HC

3 years ago

Deputy Commision of Income Tax sentenced to Jail for a week by Allahabad HC Here is an order by…

Income Tax

Section 80P(2)(d) deduction is permissible on Interest income of the Co-operative society from co- operative bank

3 years ago

Section 80P(2)(d) deduction is permissible on Interest income of the Co-operative society from co- operative bank The issue…

Income Tax

“In case he is not punished, it would send down a wrong signal to other officials of Income Tax Department ” – One week Imprisonment to DCIT by High Court

3 years ago

“In case he is not punished, it would send down a wrong signal to other officials of Income Tax Department…

IT Judgement

SOP on filing of Appeals /SLPs by the Income Tax Department in the Supreme Court and other related matters

3 years ago

SOP on filing of Appeals /SLPs by the Income Tax Department in the Supreme Court and other related matters ITAT…

Income Tax

Expenditure is not debited to profit and loss account – Whether disallowance u/s 40(a)(ia) for non deduction of tax at source can be made?

Income Tax Act – List of Exempt Institutions Registered inForm 10AC

Amount paid to discharge the mortgage created by the previous owner – Whether deductible or not?

Whether the effect of section 43CA is to be given in the books of accounts by the Builder?

Can the benefit of section 43CA(3) be denied in a case where the initial amount is received by cash though subsequent amounts are received by cheque?

Validity of addition if the Agreement to sale done prior to introduction of section 43CA & Sale deed done afterwards

No penalty U/s 271(1)(b) if the assessment is completed U/s 143(3) & not ex-parte U/s 144

Bombay High Court allows deduction u/s 80IB(10) on issuance of completion certificate

Penalty u_s 271(1)(c) cannot be levied on debatable issue!

In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the same: Madras High Court

Deemed Dividend Taxation U/s 2(22)(e): Accumulated profit will include current year profit as well?

Validity of addition done pursuant to the statements of the third party without any incriminating material

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption

Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due: CBDT

Deputy Commision of Income Tax sentenced to Jail for a week by Allahabad HC

Section 80P(2)(d) deduction is permissible on Interest income of the Co-operative society from co- operative bank

“In case he is not punished, it would send down a wrong signal to other officials of Income Tax Department ” – One week Imprisonment to DCIT by High Court

SOP on filing of Appeals /SLPs by the Income Tax Department in the Supreme Court and other related matters

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