Deduction towards payments made to retiring partners in the nature of compensation
Deduction towards payments made to retiring partners in the nature of compensation Pr. Commissioner of Income Tax-2 v. Swastik Industries…
Income Tax
Goodwill paid – Whether an allowable business expenditure?
Goodwill paid – Whether an allowable business expenditure? Whether goodwill paid is an allowable expenditure is one of the most…
Onus of establishing the conditions of taxability is always on the Revenue and the burden lies on the Revenue to show that there is an understatement of the consideration.
Onus of establishing the conditions of taxability is always on the Revenue and the burden lies on the Revenue to…
New Form 26AS: Taxpayers have to be Honest, Not By Choice but by COMPULSION now
New Form 26AS: Taxpayers have to be Honest, Not By Choice but by COMPULSION now Form.26AS is a statement of the…
Calculation of Income from house property & annual value of the property
Calculation of Income from house property & annual value of the property Annual value of the property differs from property…
Procedure for E-Hearing of Appeal by CESTAT
Procedure for E-Hearing of Appeal by CESTAT F. No. 01(05)/Circular/CESTAT/2017 CUSTOMS, EXCISE AND SERVICE TAX APPELLATE TRIBUNAL West Block -2,…
If the construction of house started but not completed within prescribed time, exemption u/s 54 would not be available
If the construction of house started but not completed within prescribed time, exemption u/s 54 would not be available If…
Not allowing an opportunity to cross-examine witnesses is a serious flaw which can make impugned order nullity as it amounts to violation of principles of natural justice
Not allowing an opportunity to cross-examine witnesses is a serious flaw which can make impugned order nullity as it amounts…
Newly incorporated Company to automatically get enrollment certificate and registration certificate under the Maharashtra Professional Tax Act, 1975
Newly incorporated Company to automatically get enrollment certificate and registration certificate under the Maharashtra Professional Tax Act, 1975 In pursuance…
No cost of acquisition means No capital gain Tax
No cost of acquisition means No capital gain Tax In case of Capital Gain computation, Hon’ble supreme court in a…
PSU employee can not be treated as “Government Employee” for the purpose of taxation of Leave Encashment Under Section 10(10AA)(i)
PSU employee can not be treated as “Government Employee” for the purpose of taxation of Leave Encashment Under Section 10(10AA)(i)…
Computation of capital gain u/s 50B in case undertaking have a negative Net worth
Computation of capital gain u/s 50B in case undertaking have a negative Net worth Section 50B is a special provision…
No incriminating material found during the course of search : Addition not sustainable as it is outside the scope of section 153A.
No incriminating material found during the course of search : Addition not sustainable as it is outside the scope of…
Arrest of a CA in Jodhpur: Who Next? -Time for Tax Consultants to review &revisit their routine activities
Arrest of a CA in Jodhpur: Who Next? -Time for Tax Consultants to review &revisit their routine activities Getting GST…
Alleged bogus LTCG of penny stock : Probability of preponderance without any direct evidence to prove the transactions as non-genuine or sham or demonstrating appellant’s involvement in any kind of manipulation is illegal and cannot sustain.
Alleged bogus LTCG of penny stock : Probability of preponderance without any direct evidence to prove the transactions as non-genuine…
If the assessee uses motor lorries partly for own use and for hire charges he is not entitled to claim excess depreciation @ 30% as per the provisions of Sec. 32 of the Income Tax Act
If the assessee uses motor lorries partly for own use and for hire charges he is not entitled to claim…
If the undertaking is held for more than three years, it constitutes a “long-term capital asset” even if it consists of the some depreciable assets
If the undertaking is held for more than three years, it constitutes a “long-term capital asset” even if it consists…
Capital Gain Exemption first, Loss adjustmentthereafter: Jaipur ITAT allowed capital gain exemption u/s 54F before set off of loss of other assets.
Capital Gain Exemption first, Loss adjustmentthereafter: Jaipur ITAT allowed capital gain exemption u/s 54F before set off of loss of…
