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Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable

9 months ago

Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable…

Income Tax

Property Planning at 70: A Will, A Co-owner, or A Tax Tangle?

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Property Planning at 70: A Will, A Co-owner, or A Tax Tangle? Query 1] I am in the process of…

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Compliance Calendar for July’2025

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Compliance Calendar for July’2025 INCOME TAX ▪ 07th July 2025- Due date for deposit of Tax deducted and collected for…

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One-Time ESOP Compensation: Capital Receipt or Taxable Perquisite? 1. Situation: i. Suppose, an employer pays a one-time discretionary compensation…

Income Tax

Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax.

9 months ago

Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax. …

Income Tax

Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT

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Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT Hon’ble Mumbai ITAT…

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Can a Hindu Undivided Family (HUF) Be Created After Marriage Without Children?

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Mere Low Spending Not a Ground to Deny Section 12AB Registration: ITAT Bangalore St. Joseph Engineering College Alumni Association,…

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Purchase of Rural agricultural land below its stamp duty valuation is taxable under section 56(2)(x)

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Purchase of Rural agricultural land below its stamp duty valuation is taxable under section 56(2)(x) The assessee purchased land classified…

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Documents seized during a search can be valid basis for additions, even if they are in the form of personal diaries or informal records.

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Documents seized during a search can be valid basis for additions, even if they are in the form of personal…

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Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC

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Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC …

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ITAT Delhi Holds GoDaddy.com’s Revenues Not Taxable in India as Royalty or FTS

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Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty? Key Issue:…

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Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma

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Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma Question: Whether capital gains arising to a non-resident…

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ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited

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ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited The assessee, a…

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ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company

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ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company…

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A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad

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A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad Recently, ITAT Ahmedabad in ITA…

Income Tax

Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable

Property Planning at 70: A Will, A Co-owner, or A Tax Tangle?

Compliance Calendar for July’2025

One-Time ESOP Compensation: Capital Receipt or Taxable Perquisite?

Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax.

Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT

Can a Hindu Undivided Family (HUF) Be Created After Marriage Without Children?

Mere Low Spending Not a Ground to Deny Section 12AB Registration: ITAT Bangalore

Purchase of Rural agricultural land below its stamp duty valuation is taxable under section 56(2)(x)

Common Mistakes to avoid in salary ITR Filing Mistakes

Documents seized during a search can be valid basis for additions, even if they are in the form of personal diaries or informal records.

Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC

ITAT Delhi Holds GoDaddy.com’s Revenues Not Taxable in India as Royalty or FTS

Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty?

Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma

ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited

ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company

A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad

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