Constitutional validity of section 194N challenged, Calcutta HC passed Interim order
Constitutional validity of section 194N challenged, Calcutta HC passed Interim order Calcutta High Court passes landmark interim order in petition…
Income Tax
Compensation paid to the family members of deceased, even though non-contractual payment /gratuitous payment cannot be disallowed.
Compensation paid to the family members of deceased, even though non-contractual payment /gratuitous payment cannot be disallowed. ITAT Mumbai in…
Capital gain exemption u/s 54 or 54F cannot be denied if taxpayer has invested the amount within time allowed u/s 139(4)
Capital gain exemption u/s 54 or 54F cannot be denied if taxpayer has invested the amount within time allowed u/s…
Refundable security deposit cannot be said to be of the nature of trade receipt & cannot be treated as in the revenue account
Refundable security deposit cannot be said to be of the nature of trade receipt & cannot be treated as in…
Bank FDR in joint name of Husband and wife: Taxation & TDS
Bank FDR in joint name of Husband and wife: Taxation & TDS Query] Myself and my wife have a…
Delhi HC orders reactivation of DIN/DSC of directors of defaulting Cos. to allow them to start a new business
Delhi HC orders reactivation of DIN/DSC of directors of defaulting Cos. to allow them to start a new business …
Partnership firm stands dissolved on the death of a partner if there is no provision in the partnership deed that death of a partner shall not result in the dissolution of firm and a partner dies
Partnership firm stands dissolved on the death of a partner if there is no provision in the partnership deed that…
Addition merely by relying on the statement of third party without resorting to verification u/s.133(6) or u/s.131 is not permissible
Addition merely by relying on the statement of third party without resorting to verification u/s.133(6) or u/s.131 is not permissible …
Statement given during the course of survey is not a statement on oath as given u/s. 132(4) of the Act and therefore has no evidentiary value.
Statement given during the course of survey is not a statement on oath as given u/s. 132(4) of the Act…
Tribunal cannot transfer pending appeal from one Bench to another Bench in another State: Bombay HC
Tribunal cannot transfer pending appeal from one Bench to another Bench in another State: Bombay HC MSPL Limited [2021]…
Offence u/s 8 of Prevention of Corruption Act would be triable by Special Court u/s 33(1)(a) of PMLA: HC
Offence u/s 8 of Prevention of Corruption Act would be triable by Special Court u/s 33(1)(a) of PMLA: HC Upendra…
CBDT notified Income Tax Rule 8AC so as to provide for computation of short term capital gains and written down value u/s 50 where depreciation on goodwill has been obtained
CBDT notified Income Tax Rule 8AC so as to provide for computation of short term capital gains and written down…
Applicability of TCS A& TDS on Buying and Selling of Bullion & Jewellery: Clarification issued by India Bullion & Jewellers Association Ltd
Applicability of TCS A& TDS on Buying and Selling of Bullion & Jewellery: Clarification issued by India Bullion & Jewellers…
No capital gain if possession is taken back & there was no development work carried out
No capital gain if possession is taken back & there was no development work carried out ITAT Hyderabad in the…
Society maintenance charges’ is not deductible while calculating income from House Property
Society maintenance charges’ is not deductible while calculating income from House Property IN THE ITAT MUMBAI BENCH ‘SMC’…
Addition under Section 68 is not sustainable where CIT (A) had given bald findings without giving any cogent and convincing reasons based on evidence on record.
Addition under Section 68 is not sustainable where CIT (A) had given bald findings without giving any cogent and convincing…
Receipt of amount under a settlement for agreeing to not disputes the probate & withdraw caveat is not liable for taxation
Receipt of amount under a settlement for agreeing to not disputes the probate & withdraw caveat is not liable for…
No revision u/s 263 if AO has done enquiries. AO has not given reasons in the assessment order is not indicative, always, of whether or not he has applied his mind. : Delhi HC
No revision u/s 263 if AO has done enquiries. AO has not given reasons in the assessment order is not indicative,…
