Business/ProfessionHouse properyAgreement done prior to 2013 and applicability of section 43CA on sale deed done after 20133 years agoAgreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013 There are cases…
Income Taxother topicSec 179 not followed, recovery cannot be made from the properties of the directors: Gujarat HC3 years agoSec 179 not followed, recovery cannot be made from the properties of the directors: Gujarat HC Devendra Babulal…
GSTIncome TaxThe PlanningCompliance Calendar for Jan- 23 Happy New Year3 years agoCompliance Calendar for Jan- 23 Happy New Year INCOME TAX ▪ 07th Jan 2023- Due date for TDS/TCS…
AssessmentDemand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand3 years agoDemand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand …
Other Source Of Incomeother topicPF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT3 years agoPF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH…
Income TaxReopening is bad in law if it is by relying on the same set of material and the audit objection and using the same materials3 years agoReopening is bad in law if it is by relying on the same set of material and the audit objection…
AssessmentIncome TaxPenalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling about the charge against the assessee3 years agoPenalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling…
AssessmentPurchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions3 years agoPurchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions A…
IT JudgementScience has not yet invented any instrument to test the reliability of the evidence placed before a Court or Tribunal- Supreme Court in CIT Vs. Durga Prasad More3 years agoScience has not yet invented any instrument to test the reliability of the evidence placed before a Court or Tribunal-…
Capital GainHouse properyCapital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT3 years agoCapital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT The Income Tax…
AssessmentIncome TaxIncome Tax Authorities can adopt the theory of Human probability during Assessment Proceeding3 years agoIncome Tax Authorities can adopt the theory of Human probability during Assessment Proceeding The Supreme Court in the case…
Business/ProfessionTaxation of amount withdrawn from Systematic Investment Plan (SIP) of Mutual fund3 years agoTaxation of amount withdrawn from Systematic Investment Plan (SIP) of Mutual fund Query] I have been investing in mutual…
CircularGSTGuidelines to identify mismatch of credit between GSTR- 2A and GSTR-3B in 2017-18 and 18-193 years agoGuidelines to identify mismatch of credit between GSTR- 2A and GSTR-3B in 2017-18 and 18-19 Finally, CBIC has issued…
AssessmentIf the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative details, addition U/s 68 is not proper.3 years agoIf the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative…
House properyAgreement to sale entered prior to introduction of section 43CA –No addition even though the amount was received in cash if the stamp duty valuation was less at the time of agreement3 years agoAgreement to sale entered prior to introduction of section 43CA –No addition even though the amount was received in cash…
Capital GainCapital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost3 years agoCapital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost.…
Capital GainIf substantial investment is made, the capital gain exemption is admissible even if the construction is not complete3 years agoIf substantial investment is made, the capital gain exemption is admissible even if the construction is not complete MP…
Income TaxWhether a society can claim credit for invoice received for repairs and maintenance services (“Works Contract”) of the building and adjust the same against their output tax liabilities on account of contribution from members?3 years agoWhether a society can claim credit for invoice received for repairs and maintenance services (“Works Contract”) of the building and…