IT JudgementLandmark Judgment by Supreme Court on Compulsory Acquisition of Land: Date of Award is Date of Accrual of Capital Gain u/s 456 years agoLandmark Judgment by Supreme Court on Compulsory Acquisition of Land: Date of Award is Date of Accrual of Capital Gain…
Income TaxValidity of reopening to assess the income under different head of income6 years agoValidity of reopening to assess the income under different head of income ITAT Visakhapatnam in the case of ACIT Vs.…
Income TaxValidity of reopening to assess the income under different head of income6 years agoValidity of reopening to assess the income under different head of income ITAT Visakhapatnam in the case of ACIT Vs.…
IT JudgementNon-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.6 years agoNon-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.…
IT JudgementNon-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.6 years agoNon-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.…
Income Tax“There is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly all material facts necessary for assessment” ITAT Kolkata quashing reassessment proceeding6 years ago“There is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly…
Income Tax“There is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly all material facts necessary for assessment” ITAT Kolkata quashing reassessment proceeding6 years ago“There is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly…
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 &…