Income TaxBank instructed to refund the charges received on or after 01.01.2020 for compliance to section 269SU: A welcome move by CBDT6 years agoBank instructed to refund the charges received on or after 01.01.2020 for compliance to section 269SU: A welcome move by…
Income TaxBank instructed to refund the charges received on or after 01.01.2020 for compliance to section 269SU: A welcome move by CBDT6 years agoBank instructed to refund the charges received on or after 01.01.2020 for compliance to section 269SU: A welcome move by…
Income TaxChanging the purpose of accumulation of income in Form No. 10 after its filing: Section 11(3A)6 years agoChanging the purpose of accumulation of income in Form No. 10 after its filing: Section 11(3A) Trust, NGO, NPO etc…
Income TaxChanging the purpose of accumulation of income in Form No. 10 after its filing: Section 11(3A)6 years agoChanging the purpose of accumulation of income in Form No. 10 after its filing: Section 11(3A) Trust, NGO, NPO etc…
Income Tax“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting it6 years ago“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting…
Income Tax“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting it6 years ago“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting…
Income TaxValidity of Addition under section 68 when redeemable preferential shares have been redeemed to the investor companies in subsequent years which was much prior to the search6 years agoValidity of Addition under section 68 when redeemable preferential shares have been redeemed to the investor companies in subsequent years…
IT JudgementNo disallowance under section 40A(2)(b), once the net profit is estimated at a certain percentage of turnover6 years agoNo disallowance under section 40A(2)(b), once the net profit is estimated at a certain percentage of turnover Short Overview Once…
Income TaxSlump Sale: Special provision for taxation on Sale of Business6 years agoSlump Sale: Special provision for taxation on Sale of Business There are various provisions in the Income Tax Law which…
Income TaxCaution Point: When co-owners employ their assets in a joint enterprise with a view to earn profit, by reason of their common purpose or common action they constitute an AOP6 years agoCaution Point: When co-owners employ their assets in a joint enterprise with a view to earn profit, by reason of…
Income TaxCharitable Trust: Accumulation of Income u/s 11(2) & its application thereafter- Confusions & Clarifications6 years agoCharitable Trust: Accumulation of Income u/s 11(2) & its application thereafter- Confusions & Clarifications In case of charitable trust &…
Income TaxAll about rebate under section 87A6 years agoAll about rebate under section 87A One of the most beneficial rebate unde the Income Tax Act – 1961 is…
Income TaxPower of inspection, search or seizure & Fundamental rights of citizens by authoritarianism vis a vis Powers of officers6 years agoPower of inspection, search or seizure & Fundamental rights of citizens by authoritarianism vis a vis Powers of officers 2020…
IT JudgementCapital gains when the Permissive possession was not handed over to builder during the concerned year in terms of JDA6 years agoCapital gains when the Permissive possession was not handed over to builder during the concerned year in terms of JDA…
Income TaxAlternate Minimum Tax (AMT) for Non – Corporate Assessee: An overview:6 years agoAlternate Minimum Tax (AMT) for Non – Corporate Assessee: An overview: Without taxable income also, the tax liability could arise.…
IT JudgementCapital gains when the Permissive possession was not handed over to builder during the concerned year in terms of JDA6 years agoCapital gains when the Permissive possession was not handed over to builder during the concerned year in terms of JDA…
IT JudgementValidity of Disallowance of depreciation on car purchased by assessee if Payment towards purchase is done from personal account6 years agoIN THE ITAT, DELHI BENCH PRASHANT MAHARISHI, A.M. & K.N. CHARY, J.M. Desh Raj Arora v. ITO ITA No. 3004/Del/2018…
Income TaxTaxability of Profit on sale of agricultural land if taxpayer have taken permission for conversion of land but not carried on any developmental activity6 years agoTaxability of Profit on sale of agricultural land if taxpayer have taken permission for conversion of land but not carried…