Income TaxCBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-1824 May 20190CBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-18 total income, without giving effect…
IT JudgementNo exemption to charitable trust under section 11 if not registered under section 12AA.24 May 20190No exemption to charitable trust under section 11 if not registered under section 12AA. Overview : Where exemption under section…
Income TaxRegistration application u/s 12AA cannot be rejected by giving any vague reason23 May 20190Registration application u/s 12AA cannot be rejected by giving any vague reason Very often, the registration application u/s 12AA of…
Income TaxAbsence of dissolution clause in trust deed cannot be the basis for refusing registration to a trust23 May 20190Absence of dissolution clause in trust deed cannot be the basis for refusing registration to a trust There are lots…
Income TaxMere non- production of evidence of registration U/s. 12A/12AA cannot be the reason for denial of exemption u/s 1123 May 20190Mere non- production of evidence of registration U/s. 12A/12AA cannot be the reason for denial of exemption u/s 11 Rotary…
Income TaxIRREVOCABLE CLAUSE IN THE TRUST DEED23 May 20190IRREVOCABLE CLAUSE IN THE TRUST DEED Every trust applying for registration of trust u/s 12AA of the Income Tax Act…
IT JudgementIRREVOCABLE CLAUSE IN THE TRUST DEED23 May 20190IRREVOCABLE CLAUSE IN THE TRUST DEED Every trust applying for registration of trust u/s 12AA of the Income Tax Act…
IT JudgementGST : Validity of seizure on a hyper technical basis and where the breach is purely technical and there is no allegation of intention to evade tax22 May 20190GST : Validity of seizure on a hyper technical basis and where the breach is purely technical and there is…
IT JudgementValidation of revision under section 263 in respect of assessment order which is bad in law22 May 20190Validation of revision under section 263 in respect of assessment order which is bad in law Overview : ssessment order…
IT JudgementPayment of bonus to director cum shareholder disallowance ? Is it not in the nature of dividend ?22 May 20190Payment of bonus to director cum shareholder disallowance ? Is it not in the nature of dividend ? Overview :…
Income TaxTDS under section 194C & payment made to truck owner without deducting TDS22 May 20190TDS under section 194C & payment made to truck owner without deducting TDS Overview : Where truck driver had only…
IT JudgementValidity of disallowance of trading loss on sale of old stock22 May 20190Validity of disallowance of trading loss on sale of old stock Overview : When the stock sold was very old,…
IT JudgementLandmark Judgement : Credit on input materials/services used for construction of shopping malls is available against CGST/OGST payable on rent – Orissa HC22 May 20190Landmark Judgement : Credit on input materials/services used for construction of shopping malls is available against CGST/OGST payable on rent…
IT JudgementCapital gain exemption not restricted to construction expenditure which is incurred after the sale of original asset. Even amount paid towards structure purchased is eligible for exemption.22 May 20190Capital gain exemption not restricted to construction expenditure which is incurred after the sale of original asset. Even amount paid…
Latest UpdatePurchase and sale of property exceeding Rs. 1 Cr to be on hit list22 May 20190Purchase and sale of property exceeding Rs. 1 Cr to be on hit list
IT JudgementLatest UpdateCBDT Proposes to amend Trust Audit Report in Form No. 10B21 May 20190CBDT Proposes to amend Trust Audit Report in Form No. 10B CBDT Proposes to amend Trust Audit Report in Form…
Latest UpdatePromotion and posting of CCIT21 May 20190Promotion and posting of CCIT Promotion and posting of CCIT
IT JudgementUnaccounted money allegedly claimed as exempted long-term capital gain & allowability thereof21 May 20190Unaccounted money allegedly claimed as exempted long-term capital gain & allowability thereof Overview : Where assessee had sold the shares…