Whether capital gain exemption could be denied if the builder fails to give Possession within 3 years?
Whether capital gain exemption could be denied if the builder fails to give Possession within 3 years? Here is an…
Income Tax
Amendment to Section 50C effective from 1st April 2003 is retrospective in in Nature: Mumbai ITAT
Amendment to Section 50C effective from 1st April 2003 is retrospective in in Nature: Mumbai ITAT Here is an interesting…
Provisions of Section 68 are not applicable on the sale transactions recorded in the books of accounts as sales are already part of the income which is already credited in P&L account.
Provisions of Section 68 are not applicable on the sale transactions recorded in the books of accounts as sales are…
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?
Expenditure is not debited to profit and loss account – Whether disallowance u/s 40(a)(ia) for non deduction of tax at…
Income Tax Act – List of Exempt Institutions Registered inForm 10AC
Income Tax Act – List of Exempt Institutions Registered in Form 10AC Exempted Institution with name starting from ‘AB’ to…
Amount paid to discharge the mortgage created by the previous owner – Whether deductible or not?
Amount paid to discharge the mortgage created by the previous owner – Whether deductible or not? There are various…
Whether the effect of section 43CA is to be given in the books of accounts by the Builder?
Whether the effect of section 43CA is to be given in the books of accounts by the Builder? 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?
Can the benefit of section 43CA(3) be denied in a case where the initial amount is received by cash though…
Validity of addition if the Agreement to sale done prior to introduction of section 43CA & Sale deed done afterwards
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
No penalty U/s 271(1)(b) if the assessment is completed U/s 143(3) & not ex-parte U/s 144 The imposition…
Bombay High Court allows deduction u/s 80IB(10) on issuance of completion certificate
Bombay High Court allows deduction u/s 80IB(10) on issuance of completion certificate The Principal Commissioner of Income Tax-17 Versus…
Penalty u_s 271(1)(c) cannot be levied on debatable issue!
Penalty u_s 271(1)(c) cannot be levied on debatable issue! IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFOREMRS.…
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
In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the…
Deemed Dividend Taxation U/s 2(22)(e): Accumulated profit will include current year profit as well?
Deemed Dividend Taxation U/s 2(22)(e): Accumulated profit will include current year profit as well? Here is an interesting case before…
Validity of addition done pursuant to the statements of the third party without any incriminating material
Validity of addition done pursuant to the statements of the third party without any incriminating material Here is…
Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption
Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption Any profit arising from…
Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due: CBDT
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
Deputy Commision of Income Tax sentenced to Jail for a week by Allahabad HC Here is an order by…
