Transfer of the Assets for the Benefit of Spouse / Relatives Etc attracts the provisions of Section 64 (1) (vi)
Transfer of the Assets for the Benefit of Spouse / Relatives Etc attracts the provisions of Section 64 (1) (vi)…
Income Tax
Transfer of the Capital Assets by the way of distribution of Capital Assets on dissolution of the firm, Capital Gain could not arise as no transfer had taken place.
Transfer of the Capital Assets by the way of distribution of Capital Assets on dissolution of the firm, Capital Gain…
AO can’t treat a person as principal officer without forming his connection with management & administration of Co.
AO can’t treat a person as principal officer without forming his connection with management & administration of Co. Where…
Bogus Share Capital Case: Photo copies of blank share transfer forms, blank signed receipts etc necessary for transfer of shares found with assessee are not admissible as evidence u/s 61 of Evidence Act and not incriminating in nature:ITAT Delhi
Bogus Share Capital Case: Photocopies of blank share transfer forms, blank signed receipts etc necessary for transfer of shares found…
Compulsory Acquisition of the Urban Agricultural Land would be entitled to the benefit enumerated in section 10(37)
Compulsory Acquisition of the Urban Agricultural Land would be entitled to the benefit enumerated in section 10(37) The Acit, Range-2,…
True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development rebate reserve even after the closure of the accounts
True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development…
Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.
Denial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable…
Amount received under keyman Insurance policy by the employee is tax free or taxable?
Amount received under keyman Insurance policy by the employee is tax free or taxable? Keyman Insurance Policy is often considered…
ITAT Delhi has dismissed Congress leader Rahul Gandhi’s plea to make Young Indian a charitable trust
ITAT Delhi has dismissed Congress leader Rahul Gandhi’s plea to make Young Indian a charitable trust Young Indian Vs CIT…
Delay of 1754 days in filing appeal condoned
Delay of 1754 days in filing appeal condoned Senior Bhosale Estate (HUF) vs. ACIT (Supreme Court) COURT: Supreme Court CORAM:…
Any person can not be treated as principal officer without forming his connection with management & administration of Co.
Any person can not be treated as principal officer without forming his connection with management & administration of Co. Where…
Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT
Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT Loesche India…
Exemption against Long Term Capital Gain u/s 54 & 54F : An Anomaly
Exemption against Long Term Capital Gain u/s 54 & 54F: An Anomaly There are various provisions in the Income Tax…
Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted
Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted Short…
Commission paid to the selling Agents is deductible.
Commission paid to the selling Agents is deductible. Bharathi Knitting Company vs Dhl Worldwide Express Courier … on 9 May,…
Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as it was put to use.
Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as…
Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct
Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct short overview…
Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C
Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed…
