Excellent WIRC Referencer Manual for the beenfit of the Tax Professionals
Excellent WIRC Referencer Manual for the beenfit of the Tax Professionals WIRC Referencer Manual (1)
Income Tax
Benefit under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 rejected
Benefit under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 rejected Benefit under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019…
A delay of one day result in levy of interest for 3 months
A delay of one day result in levy of interest for 3 months A delay of one day result in…
Capital Gain Exemption u/s 54F & Purchase of the property in the Joint names of assessee, his wife and son.
Capital Gain Exemption u/s 54F & Purchase of the property in the Joint names of assessee, his wife and son.…
First Installment of Advance Tax is 15th June or 30th June?
First Installment of Advance Tax is 15th June or 30th June? New financial year 2020-21 has started with a lock down across…
CBDT notified cost inflation index for FY 20-21
CBDT notified cost inflation index for FY 20-21
The Dilemma – Payment of Advance Tax -15th June or 30th June?
The Dilemma – Payment of Advance Tax -15th June or 30th June? 15th June or 30th June now? The first installment of advance…
Addition under section 69C on bogus purchases if there is no dispute with regard to corresponding sales
Addition under section 69C on bogus purchases if there is no dispute with regard to corresponding sales short Overview: There could…
Capital gains chargeability on transfer of know-how of an underdeveloped product having no cost of acquisition
Capital gains chargeability on transfer of know-how of an underdeveloped product having no cost of acquisition short Overview: Where capital asset,…
Expenses incurred on developing and maintaining land in connection with real estate activity & its deduction against forfeited amount
Expenses incurred on developing and maintaining land in connection with real estate activity & its deduction against forfeited amount short…
Kerala HC directed CIT(A) to decide appeal on merits without asking for deposit of 20% of tax demand
Kerala HC directed CIT(A) to decide appeal on merits without asking for deposit of 20% of tax demand Aranattukara Oriental…
Penalty is not leviable where the penalty proceedings were initiated long after the completion of assessment and order was silent about the levy of penalty
Penalty is not leviable where the penalty proceedings were initiated long after the completion of assessment and order was silent…
Capital gain exemption under section 54F if flat cancelled due to delay by the builder
Capital gain exemption under section 54F if flat cancelled due to delay by the builder Short Overview : Where assessee did…
Interest expense on loan for acquisition of the asset and it’s deduction while computing capital gain – Delhi ITAT held that “Deduction under section 24(b) and computation of capital gains under section 48 are altogether covered by different heads of income”
Interest expense on loan for acquisition of the asset and it’s deduction while computing capital gain – Delhi ITAT held…
Condonation for delay in filing appeal condoned – Held that “By filing appeal belatedly, no benefit had accrued to assessee. In fact, non-filing of the appeal would act as detrimental to the interest of assessee, therefore, delay in filing of appeal could not be construed as intentional error/comission on part of assessee”.
Condonation for delay in filing appeal condoned – Held that “By filing appeal belatedly, no benefit had accrued to assessee.…
Assessee need not be intimated before attachment of his bank account
Assessee need not be intimated before attachment of his bank account Gecas Services India Pvt. Ltd. Vs Income Tax Officer…
15% Corporate Tax Rate for all Companies ?
15% Corporate Tax Rate for all Companies ? Govt. will consider extending deadline of March 31, 2023 to take benefit…
Suspicion, howsoever strong, could not be reason for making additions and it could not replace evidence on record
Suspicion, howsoever strong, could not be reason for making additions and it could not replace evidence on record Short Overview…
