Validity of Reassessment if there is a failure to disclose fully and truly all material facts
Validity of Reassessment if there is a failure to disclose fully and truly all material facts Short Overview Where transaction itself on…
Income Tax
Accountants Salary: Disallowance u/s 40(a)(ia) if Assessee failed to establish employer-employee relationship
Accountants Salary: Disallowance u/s 40(a)(ia) if Assessee failed to establish employer-employee relationship Short Overview In order to constitute salary expense, the…
Even if the assessee does not maintain books of account, under general principles Assessee is bound to explain the nature and source of a receipt.
Even if the assessee does not maintain books of account, under general principles Assessee is bound to explain the nature…
Income Tax Raids in Chennai revealed unaccounted purchased of Rs. 150 Cr
Income Tax Raids in Chennai revealed unaccounted purchased of Rs. 150 Cr The Income Tax Department has carried out search…
Annual General Meeting and its Matters
Annual General Meeting and its Matters Author CS. Devershi Gupta Annual General Meeting (AGM) is an…
The use of word “May” in section 68 should be distinguished from the word “Shall”
The use of word “May” in section 68 should be distinguished from the word “Shall” Supreme court in the case…
No addition u/s 68 Sustainable if the creditors are paid in subsequent years through banking channel
No addition u/s 68 Sustainable if the creditors are paid in subsequent years through banking channel ITAT Bangalore in the…
No Date Extension? More than 3 cr Returns filed so far
No Date Extension? More than 3 cr Returns filed so far Government of India Ministry of Finance Department of Revenue…
Income Tax Raid in Ahmedabad revealed unaccounted transactions of Rs. 500 Cr
Income Tax Raid in Ahmedabad revealed unaccounted transactions of Rs. 500 Cr The Income Tax Department initiated search and seizure…
Faceless Appeal Scheme: Why should we interfere if assesses are happy, asks Bombay HC
Faceless Appeal Scheme: Why should we interfere if assesses are happy, asks Bombay HC A Bench of Chief Justice Dipankar…
Income Tax Raids on a real estate group in Mumbai and Navi Mumbai: No TDS on an amount of Rs. 300 Cr, Digital evidences of Tax evasion etc found
Income Tax Raids on a real estate group in Mumbai and Navi Mumbai: No TDS on an amount of Rs.…
An overview of the provision related to “Transmission of Securities”
An overview of the provision related to “Transmission of Securities” Author CS. Devershi Gupta Introduction “Transmission of Securities” means transferring…
Redevelopment Agreement: Benefit received by Flat Owner in Society from developer on redevelopment is not taxable
Redevelopment Agreement: Benefit received by Flat Owner in Society from developer on redevelopment is not taxable Redevelopment of the housing…
Raids in Kolkata: Unaccounted income of Rs. 100 Cr detected
Raids in Kolkata: Unaccounted income of Rs. 100 Cr detected The Income Tax Department initiated a search and seizure operation…
Rectification application against 143(1)(a): Court directed to dispose of the petitioner’s rectification application within six weeks
Rectification application against 143(1)(a): Court directed to dispose of the petitioner’s rectification application within six weeks There are abrupt additions…
The purpose with which the law is enacted is more important for granting capital gain exemption u/s 54 or 54F
The purpose with which the law is enacted is more important for granting capital gain exemption u/s 54 or 54F…
Income Tax Raid in MP: Accommodation entries Rs. 40 crore, Suppression of cash receipts Rs. 25 crore, Unaccounted cash Rs. 10 crore found
Income Tax Raid in MP: Accommodation entries Rs. 40 crore, Suppression of cash receipts Rs. 25 crore, Unaccounted cash Rs.…
All about Legal Entity Identifier (LEI)
All about Legal Entity Identifier (LEI) Legal entity identifier (LEI) is now another requirement from the borrower by the bank. It…
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