Tribunal possesses power to rectify any mistake apparent on record in order passed by it
Tribunal possesses power to rectify any mistake apparent on record in order passed by it Short Overview : Order passed under…
Income Tax
Taxation of Rental Income on Notional Basis : Since the property was legally not occupiable and not occupied, Charging of tax on notional rental basis do not arise at all.
Taxation of Rental Income on Notional Basis : Since the property was legally not occupiable and not occupied, Charging of…
Cricket as a Charitable Object: Landmark Judgment in Punjab Cricket Association : Held that the commercial exploitation of the popularity of the game andthe property/infrastructure held by the assessee is not incidental to the main object but is one of the primary motives of the assessee.
Cricket as a Charitable Object: Landmark Judgment in Punjab Cricket Association : Held that the commercial exploitation of the popularity…
Whether EPF payment beyond due date specified under the PF Act is an allowable expenditure u/s 36(va)?
Whether EPF payment beyond due date specified under the PF Act is an allowable expenditure u/s 36(va)? One need to…
Interesting issue in Capital gains : Possession of property provided to transferee in the year 1991 & Sale deed executed in the year 2009
Interesting issue in Capital gains : Possession of property provided to transferee in the year 1991 & Sale deed executed…
Jharkhand High Court Judgment on ITC during Transitional Period
Jharkhand High Court Judgment on ITC during Transitional Period High Court Judgement on ITC Matter
Gujarat High Court has passed strictures against the CGST authority for gross abuse of power
Gujarat High Court has passed strictures against the CGST authority for gross abuse of power Prakashsinh Hathisinh Udavat Vs State…
Difference in valuation of closing stock – No addition can be made as undisclosed stock
Difference in valuation of closing stock – No addition can be made as undisclosed stock ACIT Vs National Cable Industries…
5 Years of Rule for Tax Audit in section 44AD: CBDT need to clarify few issues
5 Years of Rule for Tax Audit in section 44AD: CBDT need to clarify few issues Law is not always…
If one issue in the case of applicant is already decided by One AAR than Other AAR cannot decide on the same application
If one issue in the case of applicant is already decided by One AAR than Other AAR cannot decide on…
CIT(A) is not justified in enhancing the assessment by disallowing 100% of the bogus purchases, Only addition could be of profit element therein
CIT(A) is not justified in enhancing the assessment by disallowing 100% of the bogus purchases, Only addition could be of…
Tax Precaution: Transaction by which an undertaking is transferred against allotment of shares is an”exchange” and not a “sale
Tax Precaution: Transaction by which an undertaking is transferred against allotment of shares is an”exchange” and not a “sale आयकर अपीलीय अिधकरण,…
Whether HUF can invest in the name of its members to claim capital gain exemption u/s 54F or U/s 54?
Whether HUF can invest in the name of its members to claim capital gain exemption u/s 54F or U/s 54?…
If the company is controlled by an infamous accommodation entry provider, it is incumbent on the part of the authorities to carry out in-depth verification
If the company is controlled by an infamous accommodation entry provider, it is incumbent on the part of the authorities…
Whether Legal Heir can claim the benefit of capital gain exemption under section 54 or section 54F?
Whether Legal Heir can claim the benefit of capital gain exemption under section 54 or section 54F? Opinion: Benefit of…
Interesting case: HC sets aside National Anti Profiteering Authority (NAPA’s) order where all the members who had signed the order were not present for hearing
Interesting case: HC sets aside National Anti Profiteering Authority (NAPA’s) order where all the members who had signed the order…
Charitable trust registration under section 12AA & Scope of inquiry while granting registration
Charitable trust registration under section 12AA & Scope of inquiry while granting registration Short Overview : Where registration of the Trust…
Landmark Judgment on validity of addition under section 68 on the ground that in response to summons under section 131 shareholder companies had not appeared for personal deposition.
Landmark Judgment on validity of addition under section 68 on the ground that in response to summons under section 131…
