IT JudgementDisallowance under section 14A & Invocation of rule 8D vs. Assessee pleading non-recording of satisfaction by AO6 years agoDisallowance under section 14A & Invocation of rule 8D vs. Assessee pleading non-recording of satisfaction by AO Short Overview It was…
IT JudgementAssessee is eligible for capital gain exemption u/s.54F of the Act if the investment is done when the converted stock in trade is sold: Ranchi ITAT6 years agoAssessee is eligible for capital gain exemption u/s.54F of the Act if the investment is done when the converted stock…
IT JudgementWaiver of working capital loan by bank & it’s taxation u/s 41 as Remission or cessation of trading liability6 years agoWaiver of working capital loan by bank & it’s taxation u/s 41 as Remission or cessation of trading liability …
Income TaxSection 43CB providing POCM method for determining profit from construction contract is mandatory6 years agoSection 43CB providing POCM method for determining profit from construction contract is mandatory Hi-tech Estates & Promoters (P.) Ltd. [2020]…
Income TaxGift by HUF to strangers to the family is void except for pious purpose6 years agoGift by HUF to strangers to the family is void except for pious purpose Gift by HUF to strangers to…
Income TaxCoparcenership is a necessary qualification for manager-ship of a joint Hindu family6 years agoCoparcenership is a necessary qualification for manager-ship of a joint Hindu family The Delhi HC in Mrs. Sujata Sharma vs…
Income TaxOption to assess AOP or members individually lies in the first instance with the ITO: Supreme Court6 years agoOption to assess AOP or members individually lies in the first instance with the ITO: Supreme Court Section 3 expressly…
IT JudgementITAT slams AO for not allowing benefit of Sec. 43(5)(e);loss due to suspension of NSEL operation was business Loss6 years agoITAT slams AO for not allowing benefit of Sec. 43(5)(e);loss due to suspension of NSEL operation was business Loss Chowdry…
Income TaxNo ease in Charity : New Compliances for the Charitable Trust & Institutions6 years agoNo ease in Charity : New Compliances for the Charitable Trust & Institutions For tax exemption, charitable trusts & other…
Income TaxWhether assets received on partition of property can be ipso facto be treated as capital assets?6 years agoWhether assets received on partition of property can be ipso facto be treated as capital assets? CIT Vs C Ramaiah…
Income TaxHUF: Easy to Make, Difficult to Break6 years agoHUF: Easy to Make, Difficult to Break Hindu law recognizes the concept family unit & the practice of pooling together the…
Income TaxAuthority for Advance Ruling (AAR): Frequently Asked Questions (FAQ)6 years agoAuthority for Advance Ruling (AAR): Frequently Asked Questions (FAQ) Are the Advance ruling, binding on taxpayers or tax authorities? An…
Income TaxAll about Provision Related to Advance Tax: Frequently Asked Questions (FAQ)6 years agoAll about Provision Related to Advance Tax: Frequently Asked Questions (FAQ) Is there any compliance if an assessee revises its…
Income TaxMutual Agreement Procedure (MAP)6 years agoMutual Agreement Procedure (MAP) Mutual Agreement Procedure (MAP)
IT JudgementCapital gains on Sale of business undertaking as a going concern: Section 50B & Slump Sale6 years agoCapital gains on Sale of business undertaking as a going concern: Section 50B & Slump Sale Short Overview Since industrial…
Income TaxTaxation in case of Joint Development Agreement (JDA) u/s 45(5A): The Other Side6 years agoTaxation in case of Joint Development Agreement (JDA) u/s 45(5A): The Other Side Section 45 deals with capital gains wherein…
IT JudgementValidity of Reassessment when AO proceeded on the fallacious assumption that bank deposits constituted undisclosed income6 years agoValidity of Reassessment when AO proceeded on the fallacious assumption that bank deposits constituted undisclosed income Short Overview : The…
Income TaxCan a single male constitute HUF?6 years agoCan a single male constitute HUF? One of the most common questions is whether a single member can make an HUF?…