Income TaxSale or Gift of the PU Land by the builder & Developer vis a vis Section 43CA3 years agoSale or Gift of the PU Land by the builder & Developer vis a vis Section 43CA Section 43CA provides…
Business/ProfessionGSTIncome TaxNot all Minor income is subject to the Clubbing Provision3 years ago Not all Minor income is subject to the Clubbing Provision Youtube, Instagram, Facebook, Snapchat, LinkedIn etc have become an…
AssessmentIncome TaxDeduction u/s 80P cannot be denied for the reason that the assessee did not file return of income its return of income within due date u/s 139(1)3 years agoDeduction u/s 80P cannot be denied for the reason that the assessee did not file return of income its return…
Income Taxother topicAddition cannot be sustained if the person fails to mention the the time of payment, notes denomination, dates of payment, prpose of payment during Cross Examination3 years agoAddition cannot be sustained if the person fails to mention the the time of payment, notes denomination, dates of payment,…
Income TaxAO cannot reject audited figures of turnover and adopt increased estimated turnover without sufficient basis3 years agoAO cannot reject audited figures of turnover and adopt increased estimated turnover without sufficient basis Whether addition under section…
Income Taxother topicWhether Sec 43B is applicable to electricity duty to be paid by the assessee as an agent?3 years agoWhether Sec 43B is applicable to electricity duty to be paid by the assessee as an agent? Case: The…
Income TaxDeduction from Interest & Remuneration of the partner of the firm & power of AO U/s 1543 years agoDeduction from Interest & Remuneration of the partner of the firm & power of AO U/s 154 The power…
Income TaxNon application of mind by AO: Delhi HC directs Income Tax Dept. to Reconsider Taxability of Blackstone’s Investment3 years agoNon application of mind by AO: Delhi HC directs Income Tax Dept. to Reconsider Taxability of Blackstone’s Investment Delhi…
Income TaxGift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA3 years agoGift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA Section…
Income TaxWhether possession can be equated with ownership for gold, bullion, jewellery, money, etc?3 years agoWhether possession can be equated with ownership for gold, bullion, jewellery, money, etc? Here is an interesting case which…
AssessmentIncome TaxUnsigned, Undated, non-elaborative sheet cannot be the basis of the addition: Mumbai ITAT in the case of Saif Ali Khan3 years agoUnsigned, Undated, non-elaborative sheet cannot be the basis of the addition: Mumbai ITAT in the case of Saif Ali Khan…
Income Taxother topicAddition cannot be sustained in absence of any record any other positive or corroborative material: ITAT Delhi3 years agoAddition cannot be sustained in absence of any record any other positive or corroborative material: ITAT Delhi There…
Income TaxSec. 68 additions can be made even in case AO computed income on estimate basis after rejecting books of a/c: ITAT3 years agoSec. 68 additions can be made even in case AO computed income on estimate basis after rejecting books of a/c:…
Income TaxTDSSale of Agricultural land: Taxation & TDS provision3 years agoSale of Agricultural land: Taxation & TDS provision Query] There appears to be lot of confusion with regard to…
Business/ProfessionIncome TaxGift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA3 years agoGift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA Section…
Income TaxPresumptive Scheme of Taxation for Interest & Remuneration of the partner of the firm: Rajkot ITAT restored the file back to the AO3 years agoPresumptive Scheme of Taxation for Interest & Remuneration of the partner of the firm: Rajkot ITAT restored the file back…
IT JudgementNo addition can be be made on hypothetical basis: ITAT Delhi3 years agoNo addition can be be made on hypothetical basis: ITAT Delhi There are various cases wherein addition has been…
IT JudgementKarnataka High Court allowed changes in GSTR 3-B returns for the months of July 2017 and March 20183 years agoKarnataka High Court allowed changes in GSTR 3-B returns for the months of July 2017 and March 2018 There is…