Income TaxAnother Bonanza in the PipeLine : Bank Loan for Paying dues under Sabka Vishwas – Legal Disputes Resolution Scheme ?6 years agoAnother Bonanza in the PipeLine : Bank Loan for Paying dues under Sabka Vishwas – Legal Disputes Resolution Scheme ?
IT JudgementDisallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies.6 years agoDisallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies. Macintosh…
Income TaxAll about FastTag – Mandatory from 15th December 20196 years agoAll about FastTag – Mandatory from 15th December 2019 FastTag is a new mode of collecting Toll Tax. It will…
IT JudgementWhether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not ?6 years agoWhether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not…
IT JudgementIn order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates6 years agoIn order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates…
Income TaxCHARTERED ACCOUNTANTS and Advocates are just facilitators for Tax compliance and cannot be liable for prosecution without any corroborative evidence6 years agoCHARTERED ACCOUNTANTS and Advocates are just facilitators for Tax compliance and cannot be liable for prosecution without any corroborative evidence…
House properyIncome TaxProperty used by the Assessee for the purpose of its business cannot be considered to be a vacant property as per section 236 years agoProperty used by the Assessee for the purpose of its business cannot be considered to be a vacant property as…
Income TaxAssessment made by A.O by making addition on the aspects of labour charges and sundry creditors.6 years agoAssessment made by A.O by making addition on the aspects of labour charges and sundry creditors. M/S S.D. Traders vs…
IT JudgementInteresting case beyond Normal Provision : Lease rentals agreed between the parties were so crafted that they substantially cover present fair value of equipment & cannot be allowed as Revenue expenditure6 years agoInteresting case beyond Normal Provision : Lease rentals agreed between the parties were so crafted that they substantially cover present…
IT JudgementThe claim for exemption cannot be said to have been established either on the principle of mutuality or on the principle of the absence of trade or profit motive6 years agoThe claim for exemption cannot be said to have been established either on the principle of mutuality or on the…
Income TaxEasy Guide to file Revised Income Tax Return6 years agoEasy Guide to file Revised Income Tax Return File_Revised_Return
IT JudgementA Bank issuing a Guarantee is not concerned with the underlying contract between the parties to the contact.6 years agoA Bank issuing a Guarantee is not concerned with the underlying contract between the parties to the contact. State Of…
Income TaxWhether the Keyman Insurance Proceed can be offered to taxation under the head “Capital Gain” – CA Naresh Jakhotia6 years agoWhether the Keyman Insurance Proceed can be offered to taxation under the head “Capital Gain” – CA Naresh Jakhotia If…
Income TaxImportant judgment: Whether Capital Gain Tax is applicable on the sale of the fixed assets by the Liquidator ?6 years agoImportant judgment: Whether Capital Gain Tax is applicable on the sale of the fixed assets by the Liquidator ? Important…
Income TaxUDIN is required to be quoted on ITR certified as “True Copy” along with comments on its authenticity and source6 years agoUDIN is required to be quoted on ITR certified as “True Copy” along with comments on its authenticity and source…
IT JudgementLandmark Judgment : Chennai ITAT allowed employee’s contribution of PF and ESI as deduction if is deposited before due date prescribed u/s 139(1)6 years agoLandmark Judgment : Chennai ITAT allowed employee’s contribution of PF and ESI as deduction if is deposited before due date…
IT JudgementLandmark Judgment by Pune ITAT : No capital gains arises in respect of land, if neither consideration received nor possession given.6 years agoLandmark Judgment by Pune ITAT : No capital gains arises in respect of land, if neither consideration received nor possession…
Income TaxDocuments Required for PAN card Application for Individuals & HUF6 years agoDocuments Required for PAN card Application for Individuals & HUF For Individuals & HUF Indian Citizens (including those located outside India)…