Interest on Housing Loan: Points & Precautions
Interest on Housing Loan: Points & Precautions Query] During covid, the banks have given us an option to stop the…
Income Tax
Bogus purchases of Rs. 250 Cr discovered during Income Tax Raids in West Bengal
Bogus purchases of Rs. 250 Cr discovered during Income Tax Raids in West Bengal Income Tax Department conducts search operations…
Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including bank lockers of such unconnected third parties)
Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including…
CPC was not justified in disallowing the delayed payment of PF/ESIC
CPC was not justified in disallowing the delayed payment of PF/ESIC This was the remarkable observation by ITAT DELH in…
Input Tax Credit & dummy and sham firms – fake and fabricated invoices without supply of any physical goods
Input Tax Credit & dummy and sham firms – fake and fabricated invoices without supply of any physical goods ORISSA…
Constitutional validity and legality of section 194N of the Income Tax Act, 1961 challenged- Interim Stay Granted to the petitioner
Constitutional validity and legality of section 194N of the Income Tax Act, 1961 challenged- Interim Stay Granted to the petitioner …
“Mistake apparent from the record” for the purpose of section 154 & 254(2)
“Mistake apparent from the record” for the purpose of section 154 & 254(2) Income Tax Appellate Tribunal (ITAT) is a…
Income Tax Raids in Surat revealed unexplained investments of more than Rs. 200
Income Tax Raids in Surat revealed unexplained investments of more than Rs. 200 Income Tax Department conducts search operations in Gujarat…
Respected FM, Please Extend the Dates in Advance
Respected FM, Please Extend the Dates in Advance 2020 will not only be known by life which got affected by…
Only when there is a genuine liability and there is cessation of such liability or it is written off in the books of account, then section 41(1) can be applied.
Only when there is a genuine liability and there is cessation of such liability or it is written off in…
Validity of addition on the basis of statement recorded of third-party without incriminating material found during search
Validity of addition on the basis of statement recorded of third-party without incriminating material found during search Short Overview Statement…
Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section 68
Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section…
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…
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…
