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…
Income Tax
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…
Music formed the raw material for assessee engaged in manufacturing and sale of music cassettes, compact discs (CDs) etc.
Music formed the raw material for assessee engaged in manufacturing and sale of music cassettes, compact discs (CDs) etc. Short…
Rule 11 of ITAT Rules, 1963 empowers the appellant to urge any ground not set forth in the memorandum of appeal & it also empowers Tribunal
Rule 11 of ITAT Rules, 1963 empowers the appellant to urge any ground not set forth in the memorandum of…
Exemption under section 10(13A) on House Rent Allowance (HRA)- Performance bonus whether part of salary?
Exemption under section 10(13A) on House Rent Allowance (HRA)- Performance bonus whether part of salary? Short Overview ‘Performance bonus’ does…
No addition as undisclosed income if Revenue failed to bring on record that the amount in fact belonged to Assessee
No addition as undisclosed income if Revenue failed to bring on record that the amount in fact belonged to Assessee Income…
Assessment on Excess capitalization of asset and consequently excess depreciation claimed by assessee in collusion with contractors
Assessment on Excess capitalization of asset and consequently excess depreciation claimed by assessee in collusion with contractors Short Overview Since…
Validity of Search and seizure assessment if AO issued notice under section 153C instead of section 153A
Validity of Search and seizure assessment if AO issued notice under section 153C instead of section 153A Short Overview Where…
Transfer Pricing adjustment made on the basis on incorrect appreciation of facts is not sustainable
Transfer Pricing adjustment made on the basis on incorrect appreciation of facts is not sustainable Case Law Citation: – Assistant…
Prescribed Authority under Section 133C notified by CBDT vide Notification No. 66/2020, Dated: August 13, 2020.
Prescribed Authority under Section 133C notified by CBDT vide Notification No. 66/2020, Dated: August 13, 2020. Government of India Ministry of…
Faceless Assessment: 34 Authorities notified by CBDT
Faceless Assessment: 34 Authorities notified by CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct…
Taxation of gifts & awards received by Sportsman & awards instituted by Central Government, State Government or other bodies
Taxation of gifts & awards received by Sportsman & awards instituted by Central Government, State Government or other bodies SECTION…
Audit not compulsory for businesses with turnover not exceeding Rs. 5 Cr: How to count the limit of 5% limit?
Audit not compulsory for businesses with turnover not exceeding Rs. 5 Cr: How to count the limit of 5% limit?…
Waiver of loan availed for purchase of Capital Asset & Income Tax Impact
Waiver of loan availed for purchase of Capital Asset & Income Tax Impact Loan waiver and settlement is one of…
No registration required for family arrangement done by way of memorandum of settlement: Supreme Court
No registration required for family arrangement done by way of memorandum of settlement: Supreme Court Ravinder Kaur Grewal & Ors.…
