Distinguishing Totagars Cooperative Vs. ITO for the purpose of section 80P
Distinguishing Totagars Cooperative Vs. ITO for the purpose of section 80P There are various cases wherein the deduction u/s 80P…
Income Tax
CASE STUDY -NATIONAL SPOT EXCHANGE LIMITED
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CHALLENGES IN INCOME TAX PROVISIONS & RECOMMENDATIONS THERETO BY KSCAA
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When an amount is credited in business books, it is not an unreasonable inference to draw that it is a receipt from business: Supreme Court
When an amount is credited in business books, it is not an unreasonable inference to draw that it is a…
For concessional tax regime, Form No. 10- IC has to be filed within the due date of filing the returns
For concessional tax regime, Form No. 10- IC has to be filed within the due date of filing the returns…
Improper & Hurried Order by the Officers: Tax Bar Association, Indore made an Honest Representation seeking an extension of the date of completing the Assessment
Improper & Hurried Order by the Officers: Tax Bar Association, Indore made an Honest Representation seeking an extension of the…
Enhanced Registration application user interface (UI)
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TDS done on Gross amount received from Life Insurance Companies- Whether entire amount is taxable or only the income therin is taxable?
TDS done on Gross amount received from Life Insurance Companies- Whether entire amount is taxable or only the income therin is…
Whether a witness can be summoned to appear outside his city of residence in case of an offence under Prohibition of Money Laundering Act (PMLA)?
Whether a witness can be summoned to appear outside his city of residence in case of an offence under Prohibition…
Validity of Income Tax Notice not available at the income tax portal at the time of issuance but uploaded afterwards
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AO has to pass speaking order while rejecting petition for stay of demand u/s 220(6): Calcutta High Court further directed for early disposal of such cases.
AO has to pass speaking order while rejecting petition for stay of demand u/s 220(6): Calcutta High Court further directed…
There is nothing magical in the figure of 20%; to balance the equities the tax authorities may even grant stay the recovery on deposit of 5% or 10% as the circumstance may demand: HC
There is nothing magical in the figure of 20%; to balance the equities the tax authorities may even grant stay…
Bank passbook is not a books of Accounts: Bombay HC
Bank passbook is not a books of Accounts: Bombay HC The Bombay HC in the case of CIT vs Bhaichand H. Gandhi…
Amounts paid by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers is not the payment of royalty
Amounts paid by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers is not the payment of royalty The payment for…
Notice issued within 5 hours of receiving information is valid; HC justified reassessment on Maharashtra Minister Chhagan Bhujbal
Notice issued within 5 hours of receiving information is valid; HC justified reassessment on Maharashtra Minister Chhagan Bhujbal There was…
Year of Taxation when the date of sale deed execution and registration is different
Year of Taxation when the date of sale deed execution and registration is different The year of taxation of…
The genuineness of the agreements cannot be doubted without any material in hand: Bangalore ITAT.
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Gratuitous loan or advance given by a company to the shareholder would come within the purview of Deemed Dividend under section 2(22)(e)
Gratuitous loan or advance given by a company to the shareholder would come within the purview of Deemed Dividend under…
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