Income Tax

IT Judgement

Cash deposited in the bank account out of the cash withdrawan earlier can not be treated as income without proving that such cash withdrawal was utilized for any other purpose: Indore ITAT

6 years ago

Cash deposited in the bank account out of the cash withdrawan earlier can not be treated as income without proving…

IT Judgement

Bogus LTCG Case: Since assessee had filed all relevant documents in relation to LTCG which reflected occurrence of transaction of sale of shares in normal course on platform of stock exchange, Revision u/s 263 is not unjustified.

6 years ago

Bogus LTCG Case: Since assessee had filed all relevant documents in relation to LTCG which reflected occurrence of transaction of…

IT Judgement

Validity of addition due to difference in opening vs. closing cash balance

6 years ago

Validity of addition due to difference in opening vs. closing cash balance short overview : After considering audited balance-sheet, opening cash…

Income Tax

No proceedings u/s 153C merely relying on statement of person that he provided accommodation entry to assessee

6 years ago

No proceedings u/s 153C merely relying on statement of person that he provided accommodation entry to assessee [2019] 110 taxmann.com 28 (Delhi)…

IT Judgement

Provision for post-retirement medical benefit of employees, though contingent in nature, is an allowable expenditure

6 years ago

Provision for post-retirement medical benefit of employees, though contingent in nature, is an allowable expenditure short overview : Provision for post-retirement…

Income Tax IT Judgement

Amount received on relinquishing the secretaryship of educational society is not a capital receipt

6 years ago

Amount received on relinquishing the secretaryship of educational society is not a capital receipt Case in brief : The appellant…

Income Tax

Taxation of Subsidy, Grant & Incentives

6 years ago

Taxation of Subsidy, Grant & Incentives To promote economic and social policy, Government do offers incentives in various forms like…

Income Tax IT Judgement

If Assessee could not establish genuineness of the expenses, AO is justified in rejecting books of accounts & computing income on estimate basis

6 years ago

If Assessee could not establish genuineness of the expenses, AO is justified in rejecting books of accounts & computing income…

Income Tax Press Release

Whether LPG Gas Subsidy received by individuals is taxable or tax free?

6 years ago

Whether LPG Gas Subsidy received by individuals is taxable or tax free? Lot many people, whether businessmen or salaried,…

GST Latest Update

Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23rd December 2019

6 years ago

Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23rd December 2019 The…

Income Tax

Passing the impugned order under section 143(3) r.w.s. 144C(13) of the Income Tax Act,1961 making huge additions, disallowances and making transfer pricing adjustments

6 years ago

Passing the impugned order under section 143(3) r.w.s. 144C(13) of the Income Tax Act,1961 making huge additions, disallowances and making…

Notification

Notification issued on Departmental Examination for promotion of Tax Assistants to the grade of Executive Assistants of Customs and Central Taxes to be held in the month of March 2020.

6 years ago

Notification issued on Departmental Examination for promotion of Tax Assistants to the grade of Executive Assistants of Customs and Central…

IT Judgement

GST: Allow ability of Input tax credit on detachable Engineered Wood with Oak Wooden Flooring capitalised as furniture and fixture

6 years ago

GST: Allow ability of Input tax credit on detachable Engineered Wood with Oak Wooden Flooring capitalised as furniture and fixture…

Latest Update

Restriction on CA for networking like BNI.

6 years ago

Restriction on CA for networking like BNI. 57692esb46922

Latest Update

Get Ready : Stricter audit norms on the cards for Auditors

6 years ago

Get Ready : Stricter audit norms on the cards for Auditors

Income Tax

Notification No.91/2019 Central Board of Indirect Taxes and Customs (N.T.)

6 years ago

Notification No.91/2019 Central Board of Indirect Taxes and Customs (N.T.) csnt91-2019

Income Tax

Section 50C does not apply to transfer of land and building, being leasehold property

6 years ago

Section 50C does not apply to transfer of land and building, being leasehold property The issue before the Tribunal was…

IT Judgement

Deeming fiction of section 50C cannot be considered for purpose of exemption under section 54EC

6 years ago

Deeming fiction of section 50C cannot be considered for purpose of exemption under section 54EC Nila V.Shah vs CIT Mumbai…

Income Tax

Cash deposited in the bank account out of the cash withdrawan earlier can not be treated as income without proving that such cash withdrawal was utilized for any other purpose: Indore ITAT

Bogus LTCG Case: Since assessee had filed all relevant documents in relation to LTCG which reflected occurrence of transaction of sale of shares in normal course on platform of stock exchange, Revision u/s 263 is not unjustified.

Validity of addition due to difference in opening vs. closing cash balance

No proceedings u/s 153C merely relying on statement of person that he provided accommodation entry to assessee

Provision for post-retirement medical benefit of employees, though contingent in nature, is an allowable expenditure

Amount received on relinquishing the secretaryship of educational society is not a capital receipt

Taxation of Subsidy, Grant & Incentives

If Assessee could not establish genuineness of the expenses, AO is justified in rejecting books of accounts & computing income on estimate basis

Whether LPG Gas Subsidy received by individuals is taxable or tax free?

Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23rd December 2019

Passing the impugned order under section 143(3) r.w.s. 144C(13) of the Income Tax Act,1961 making huge additions, disallowances and making transfer pricing adjustments

Notification issued on Departmental Examination for promotion of Tax Assistants to the grade of Executive Assistants of Customs and Central Taxes to be held in the month of March 2020.

GST: Allow ability of Input tax credit on detachable Engineered Wood with Oak Wooden Flooring capitalised as furniture and fixture

Restriction on CA for networking like BNI.

Get Ready : Stricter audit norms on the cards for Auditors

Notification No.91/2019 Central Board of Indirect Taxes and Customs (N.T.)

Section 50C does not apply to transfer of land and building, being leasehold property

Deeming fiction of section 50C cannot be considered for purpose of exemption under section 54EC

Recent Posts

Recent Posts

Sign Up to New letter