Latest UpdateRestriction on CA for networking like BNI.6 years agoRestriction on CA for networking like BNI. 57692esb46922
Latest UpdateGet Ready : Stricter audit norms on the cards for Auditors6 years agoGet Ready : Stricter audit norms on the cards for Auditors
Income TaxNotification No.91/2019 Central Board of Indirect Taxes and Customs (N.T.)6 years ago Notification No.91/2019 Central Board of Indirect Taxes and Customs (N.T.) csnt91-2019
Income TaxSection 50C does not apply to transfer of land and building, being leasehold property6 years agoSection 50C does not apply to transfer of land and building, being leasehold property The issue before the Tribunal was…
IT JudgementDeeming fiction of section 50C cannot be considered for purpose of exemption under section 54EC6 years agoDeeming fiction of section 50C cannot be considered for purpose of exemption under section 54EC Nila V.Shah vs CIT Mumbai…
IT JudgementAllowability of depreciation if car is purchased by firm in the name of one of its partner6 years agoAllowability of depreciation if car is purchased by firm in the name of one of its partner short overview :…
CircularIncome TaxGo Live of SAP based Filing of Appeal Applications under MVAT and CST Act Dated 30.11.20196 years agoGo Live of SAP based Filing of Appeal Applications under MVAT and CST Act Dated 30.11.2019 Trade Circular 55 T…
Income TaxWaiver of loan does not amount to cessation of trading liability6 years agoWaiver of loan does not amount to cessation of trading liability The Commissioner vs Mahindra And Mahindra Ltd. … on…
IT JudgementRajasthan HC taking serious view against order passed by AO despite its instructions to keep it on hold6 years agoRajasthan HC taking serious view against order passed by AO despite its instructions to keep it on hold HC Stay…
Income TaxDetermination of the Tax Liability in filling of GST Return6 years agoDetermination of the Tax Liability in filling of GST Return HIGH COURT OF MADHYA PRADESH: BENCH AT INDORE DIVISION BENCH…
Income TaxApplicant / accused is involved in fraudulent evasion of taxes and wrongful availing of the input tax credit by way of issuing bogus invoices6 years agoApplicant / accused is involved in fraudulent evasion of taxes and wrongful availing of the input tax credit by way…
IT JudgementWhether the CIT was justified in invoking revisionary jurisdiction u/s 263 of the Act6 years agoWhether the CIT was justified in invoking revisionary jurisdiction u/s 263 of the Act Direct Media Distribution … vs Pr.Cit…
IT JudgementRe-opening of assessment is not permissible for mere verification or for fishing inquiry6 years agoRe-opening of assessment is not permissible for mere verification or for fishing inquiry short overview : Re-assessment even if in case…
IT JudgementTDS Default : Provisions of section 271C are applicable for not only failure to deduct tax but also failure to remit tax deducted to Government account.6 years agoTDS Default : Provisions of section 271C are applicable for not only failure to deduct tax but also failure to…
IT JudgementConsequences of the non compliance of Section 20D(2) with respect to the acquisition proceedings6 years agoConsequences of the non compliance of Section 20D(2) with respect to the acquisition proceedings Nareshbhai Bhagubhai vs Union Of India…
IT JudgementCIT(A) erred in deleting the addition made on account of capitalization of share listing expenses and deleting the disallowance made on account of community Development (Donation) expenses u/s 37(1) of the Income Tax Act, 1961.6 years agoCIT(A) erred in deleting the addition made on account of capitalization of share listing expenses and deleting the disallowance made…
IT JudgementThere is no “transfer” under Section 2(47)(v) of the Income Tax Act, 1961 read with Section 53-A of the Transfer of Property Act ,if possession is delivered to a developer in his capacity as licensee for the development of property and not in his capacity as transferee.6 years agoThere is no “transfer” under Section 2(47)(v) of the Income Tax Act, 1961 read with Section 53-A of the Transfer of Property Act ,if…
IT JudgementProfit arising from sale of shares to assessee was to be regarded as business income where more than 200 transactions of sale and purchase of shares took place throughout year through various share brokers6 years agoProfit arising from sale of shares to assessee was to be regarded as business income where more than 200 transactions…