Income TaxCapital Gain exemption is available even if borrowed is used for purchase of new house property.6 years agoCapital Gain exemption is available even if borrowed is used for purchase of new house property. Catholic Syrian Bank ……
Income TaxLandmark Judgment: Till assessment order is served, it is to be considered as “pending” for approaching settlement commission6 years agoLandmark Judgment: Till assessment order is served, it is to be considered as “pending” for approaching settlement commission Here…
Income TaxCabinet approves Taxation Laws (Amendment) Bill, 20196 years agoCabinet approves Taxation Laws (Amendment) Bill, 2019 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved…
Company LawIT JudgementInitiation of Corporate Insolvency Resolution Professional as per Insolvency and Bankruptcy Code 2016.6 years agoInitiation of Corporate Insolvency Resolution Professional as per Insolvency and Bankruptcy Code 2016. Chitra Sharma vs Union Of India on…
Income TaxPower of Settlement Commission to grant immunity from prosecution and penalty according to the provisions of Central Excise Act.6 years agoPower of Settlement Commission to grant immunity from prosecution and penalty according to the provisions of Central Excise Act. Commissioner,…
Income TaxA Company cannot be prosecuted for offences under sections 276C, 277 and 278 as these sections requires imposition of mandatory term of imprisonment coupled with fine and leaves no choice to Court to impose only a fine.6 years agoA Company cannot be prosecuted for offences under sections 276C, 277 and 278 as these sections requires imposition of mandatory…
Income TaxTax Planning for Salaried Taxpayers : List of all the benefits and allowance eligible for Tax Benefits6 years agoTax Planning for Salaried Taxpayers : List of all the benefits and allowance eligible for Tax Benefits 5_6242104253083549871 (1)
IT JudgementValidity of Reassessment if Notice under section 148 is issued by officer not having jurisdiction over assessee6 years agoValidity of Reassessment if Notice under section 148 is issued by officer not having jurisdiction over assessee short overview :…
IT JudgementValidity of Reassessment if Notice under section 148 is issued in name of deceased assessee & No name of legal heirs is mentioned6 years agoValidity of Reassessment if Notice under section 148 is issued in name of deceased assessee & No name of legal…
IT JudgementValidity of Reassessment u/s 148 if AO failed to pass any speaking order in disposing of assessees objections6 years agoValidity of Reassessment u/s 148 if AO failed to pass any speaking order in disposing of assessees objections short overview…
Income TaxTransfer of the Assets for the Benefit of Spouse / Relatives Etc attracts the provisions of Section 64 (1) (vi)6 years agoTransfer of the Assets for the Benefit of Spouse / Relatives Etc attracts the provisions of Section 64 (1) (vi)…
Income TaxTransfer 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.6 years agoTransfer of the Capital Assets by the way of distribution of Capital Assets on dissolution of the firm, Capital Gain…
Income TaxAO can’t treat a person as principal officer without forming his connection with management & administration of Co.6 years agoAO can’t treat a person as principal officer without forming his connection with management & administration of Co. Where…
Income TaxBogus 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 Delhi6 years agoBogus Share Capital Case: Photocopies of blank share transfer forms, blank signed receipts etc necessary for transfer of shares found…
Income TaxCompulsory Acquisition of the Urban Agricultural Land would be entitled to the benefit enumerated in section 10(37)6 years agoCompulsory Acquisition of the Urban Agricultural Land would be entitled to the benefit enumerated in section 10(37) The Acit, Range-2,…
IT JudgementTrue 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 accounts6 years ago True Interpretation of Section 34(3)(a) of the Income Tax Act 1961 regarding making entries in respect of development rebate and development…
IT JudgementDenial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable Trust.6 years agoDenial of the Exemption under Section 11 due to the Material Changes made in the Object Clause of the Charitable…
Income TaxAmount received under keyman Insurance policy by the employee is tax free or taxable?6 years agoAmount received under keyman Insurance policy by the employee is tax free or taxable? Keyman Insurance Policy is often considered…