Whether there can be simultaneous search and survey operations in respect of the same assessee ?
Whether there can be simultaneous search and survey operations in respect of the same assessee ? This was the issue…
Income Tax
There is neither any precondition nor an eligibility criteria which mandates that the assessee should have taken possession of the property for claiming deduction towards Housing Loan Interest U/s 24(b).
There is neither any precondition nor an eligibility criteria which mandates that the assessee should have taken possession of the…
Section 89 relief is available on pension recovered back also?
Section 89 relief is available on pension recovered back also? Query: Sir I have a query and request you to…
Execution of unregistered Joint Development Agreement with an irrevocable Power of Attorney in favour of the Developer do not result in capital gains liability.
Execution of unregistered Joint Development Agreement with an irrevocable Power of Attorney in favour of the Developer do not result…
Attachment of property including bank account of a person even if provisional was a serious intrusion into the private space of a personal property.
Attachment of property including bank account of a person even if provisional was a serious intrusion into the private space…
Appointment of Chartered Accountant Firm as Internal Auditor of PFRDA for the F.Y.2021-22
Appointment of Chartered Accountant Firm as Internal Auditor of PFRDA for the F.Y.2021-22 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (PFRDA)…
If the taxpayer had substantiated with evidence regarding identity and creditworthiness of share applicants and genuineness of transactions, no addition u/s 68 was called for.
If the taxpayer had substantiated with evidence regarding identity and creditworthiness of share applicants and genuineness of transactions, no addition…
Borrowed money invested in equity & Disallowance of interest expenses under section 36(1)(iii)
Borrowed money invested in equity & Disallowance of interest expenses under section 36(1)(iii) Short Overview Where the assessee diverted borrowed funds towards…
Onus to prove source of amount credited in accounts books lie with the assessee failing which it will be treated as undisclosed sources income.
Onus to prove source of amount credited in accounts books lie with the assessee failing which it will be treated…
In case of Charitable trust, even if there is a violation of section 13, entire exemption under section 11 and 12 cannot be forfeited
In case of Charitable trust, even if there is a violation of section 13, entire exemption under section 11 and…
Issue of sec. 148 notice under old provisions; Calcutta HC admits writ challenging validity of TLA Act, 2020
Issue of sec. 148 notice under old provisions; Calcutta HC admits writ challenging validity of TLA Act, 2020 Bagaria Properties…
Wrong Claim for Income Tax Deduction can’t be a reason to invoke Penalty u/s 271(1)(c)
Wrong Claim for Income Tax Deduction can’t be a reason to invoke Penalty u/s 271(1)(c) Aanya Real Estate Pvt. Ltd…
If Long Term Capital Gain declared by the assessee is genuine, it can not be assessed as unexplained cash credit under section 68 of the Act.
If Long Term Capital Gain declared by the assessee is genuine, it can not be assessed as unexplained cash credit…
Whether assessee can make fresh claim during assessment proceeding?
Whether assessee can make fresh claim during assessment proceeding? An assessee is entitled to make a fresh claim or modify…
If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor could be very serious indeed: NFRA
If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it…
Income Tax Raids on four major Steel Rolling Mills Groups Maharashtra.
Income Tax Raids on four major Steel Rolling Mills Groups Maharashtra. Ministry of Finance Income Tax Department conducts searches in…
Taxation of Gratuity taxable on superannuation?
Taxation of Gratuity taxable on superannuation? Is gratuity taxable on superannuation? Gratuity is one of the most important elements of…
Supreme Court recalled the suo-moto limitation period order for filing of cases in view of the COVID second wave
Supreme Court recalled the suo-moto limitation period order for filing of cases in view of the COVID second wave The…
