No bar in filing application before AAR where notice was issued based on CASS selection
No bar in filing application before AAR where notice was issued based on CASS selection CJ 4Dplex Co. Ltd., In…
Income Tax
ITC not available on Demo vehicles purchased by authorised dealer of KIA: AAR MP
ITC not available on Demo vehicles purchased by authorised dealer of KIA: AAR MP Authority for Advance Rulings, Madhya Pradesh…
Income from cloud hosting and its ancillary services neither royalty nor FTS: ITAT
Income from cloud hosting and its ancillary services neither royalty nor FTS: ITAT Racksapce US, Inc. v. DCIT – [2021]…
Objective of digitization is to convenience taxpayers, not to harass them; HC directed dept to allow Trans. Credits
Objective of digitization is to convenience taxpayers, not to harass them; HC directed dept to allow Trans. Credits BMW India…
Union Budget 2021:No Depreciation on goodwill now
Union Budget 2021:No Depreciation on goodwill now One of the question was as to Whether goodwill is a depreciate asset…
Equalisation levy & Amendment by Union Budget 2021
Equalisation levy & Amendment by Union Budget 2021 Government had imposed in the last year a 2% tax on the…
Addition towards 850 Gms of Gold Jewellery by Joint Family Members deleted by ITAT
Addition towards 850 Gms of Gold Jewellery by Joint Family Members deleted by ITAT 1. ITAT Bangalore in the case…
Validity of issuance of section 148 notice and framing of reassessment in name of deceased assessee if AO have no knowledge about assessee’s death
Validity of issuance of section 148 notice and framing of reassessment in name of deceased assessee if AO have no…
Extreme physical and mental torture used by the officers during search and Appreciable Observation by the Court
Extreme physical and mental torture used by the officers during search and Appreciable Observation by the Court High Court has…
Search and seizure: Statement under section 132(4) vs. Evidentiary value
Search and seizure: Statement under section 132(4) vs. Evidentiary value Short overview Where AO made addition merely on the basis…
Agricultural land transferred under JDA if Intention of assessee was to carry on agricultural operations: Business income or Capital gains?
Agricultural land transferred under JDA if Intention of assessee was to carry on agricultural operations: Business income or Capital gains?…
Validity of Claim of short-term capital loss on depreciable asset on demolition of building without effecting transfer under section 50(2)
Validity of Claim of short-term capital loss on depreciable asset on demolition of building without effecting transfer under section 50(2)…
Leasehold Rights not liable for taxation on Notional basis under section 50C
Leasehold Rights not liable for taxation on Notional basis under section 50C Noida Cyber Park (P.) Ltd. v. ITO –…
Taxation of amount received from Unit Linked Insurance Policy (ULIP)
Taxation of amount received from Unit Linked Insurance Policy (ULIP) Clause (10 D) of section 10 of the Act provides…
Now, Random scrutiny of Corporate filing by MCA
Now, Random scrutiny of Corporate filing by MCA
Union Budget – 2021: Uncharitable to the Charitable Trust
Union Budget – 2021: Uncharitable to the Charitable Trust Every budget in recent years has been uncharitable to the…
Guidance Note on filing of ITR 7
Guidance Note on filing of ITR 7 Guidance Note on filing of ITR 7
Dissolution & Reconstitution of a partnership Firm: Section 45(4) revised, section 45(4A) introduced:
Dissolution & Reconstitution of a partnership Firm: Section 45(4) revised, section 45(4A) introduced: One of the area of tax planning…
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