Section 43B have an overriding effect over other provisions of the Act
The Commissioner Of Income Tax … vs Ghatge Patil Transport Ltd on 14 October, 2014 Bench: S.C. Dharmadhikari …
Income Tax
When interest free funds are available to the assessee which were sufficient to make its investments, it would be presumed that the investments were made from the interest free funds available with the assessee.
When interest free funds are available to the assessee which were sufficient to make its investments, it would be presumed…
Bogus accommodation entries to be taxed as Income from undisclosed sources under section 68
Bogus accommodation entries to be taxed as Income from undisclosed sources under section 68 Short overview: Assesssee did not furnish…
No penalty u/s 271DB if compliance to electronic mode of payment facilities u/s 269SU provided till 31st January 2020: CBDT
No penalty u/s 271DB if compliance to electronic mode of payment facilities u/s 269SU provided till 31st January 2020: CBDT…
Change of address in PAN database by assessee is mandatory. Notice u/s 143(2) served on the address given in PAN is sufficient: Supreme Court
Change of address in PAN database by assessee is mandatory. Notice u/s 143(2) served on the address given in PAN…
If the character of agricultural land is transformed into an environment-friendly residence at the time of registration of sale deed, it becomes a capital asset & income accrued will not be exempt u/s 2(14)
If the character of agricultural land is transformed into an environment-friendly residence at the time of registration of sale deed,…
Enhancing Security of Card Transactions-RBI circular dated 15.01.2020
Enhancing Security of Card Transactions-RBI circular dated 15.01.2020 Enhancing Security of Card Transactions-RBI circular dated 15.01.2020
Interesting Issue: Taxation of CA firm on transfer of “Client Relationship and Goodwill” — Whether capital receipt , business income or capital Gain Income ?
Interesting Issue: Taxation of CA firm on transfer of “Client Relationship and Goodwill” — Whether capital receipt , business income…
Finally ICMAI mandate 15 months compulsory training of students who enroll for intermediate Dec-2020 examination onwards
Finally ICMAI mandate 15 months compulsory training of students who enroll for intermediate Dec-2020 examination onwards
Landmark Judgment: No disallowance u/s 40a(ia) if there is a shortfall in deduction or if deduction is done in wrong section
Landmark Judgment: No disallowance u/s 40a(ia) if there is a shortfall in deduction or if deduction is done in wrong…
AY 2020-21: Person who jointly owns a single house property allowed to file ITR in ITR-1 or ITR-4 Form
AY 2020-21: Person who jointly owns a single house property allowed to file ITR in ITR-1 or ITR-4 Form Press…
The Institute of Chartered Accountants of India (ICAI ) announces the dates of results of CA Intermediate (Old Course & New Course) Examination and Foundation Examination
The Institute of Chartered Accountants of India (ICAI ) announces the dates of results of CA Intermediate (Old Course & New Course) Examination…
Books of accounts cannot be rejected for failure to file confirmation from parties: ITAT
Books of accounts cannot be rejected for failure to file confirmation from parties: ITAT Citation: ABCAUS 2562 (2018) (10) ITAT…
Delay in Furnishing Audit Reports is mere Technical Breach, No Penalty: Bangalore ITAT
Delay in Furnishing Audit Reports is mere Technical Breach, No Penalty: Bangalore ITAT The Income Tax Appellate Tribunal Bangalore held…
Supreme court Stays Bombay HC Judgement Quashing LRs Issued by DRI in Adani Coal Import case .
Supreme court Stays Bombay HC Judgement Quashing LRs Issued by DRI in Adani Coal Import case . Adani Group – SC
Interest expenditure having direct nexus with interest income is clearly allowable to the assessee
Interest expenditure having direct nexus with interest income is clearly allowable to the assessee Business expenditure Interest Expenditure Assessee filed…
No tax if assessee received property on account of family settlement
No tax if assessee received property on account of family settlement [2020] 113 taxmann.com 5 (Delhi – Trib.) Where assessee had received…
Loan by a Private Limited Company to its Director or Guarantee by Private Limited Company for the loan taken by its directors or other company
Loan by a Private Limited Company to its Director or Guarantee by Private Limited Company for the loan taken by…
