Interest paid on loan borrowed to meet personal liability is not deductible expenditure
Interest paid on loan borrowed to meet personal liability is not deductible expenditure Commissioner Of Income-Tax vs Om Parkash…
Income Tax
Merely because cash payment has been made is not an indicator that the transaction is non-genuine or bogus: ITAT Jaipur
Merely because cash payment has been made is not an indicator that the transaction is non-genuine or bogus: ITAT Jaipur…
Reopening assessment done mere on the basis of advisory issues by department is not justified
Reopening assessment done mere on the basis of advisory issues by department is not justified Where Assessing Officer issued a…
Carry forward of legitimate claim of CENVAT/ITC shall not be denied on account of non-filing of Tran-1 by 27.12.2017
Carry forward of legitimate claim of CENVAT/ITC shall not be denied on account of non-filing of Tran-1 by 27.12.2017 GST…
No Penalty under section 271D if Assessee received cash loans from family members
No Penalty under section 271D if Assessee received cash loans from family members Short Overview: Penalty levied under section 271D was…
Capital gains is a Long-term or short-term capital gain arising from giving up of rights on flats in favour of developer within 36 months of date of JDA
Capital gains is a Long-term or short-term capital gain arising from giving up of rights on flats in favour of…
Toll collection rights is an ‘Intagible Assets’ and so eligible for depreciation
Toll collection rights is an ‘Intagible Assets’ and so eligible for depreciation short overview : Though assessee did not own road,…
Landmark Judgment : Punjab and Haryana High Court has allowed all the tax payers to file or revise their TRAN returns by 30-11-2019
Landmark Judgment : Punjab and Haryana High Court has allowed all the tax payers to file or revise their TRAN…
Gun on the Auditors : 2 arrested for Negligence in discharge of professional obligation
Gun on the Auditors : 2 arrested for Negligence in discharge of professional obligation
Section 56(2)(x) is applicable to property being a capital assets
Section 56(2)(x) is applicable to property being a capital assets There are lots of cases now on notional taxation provision…
Around 82% of the Assessment Proceeding Pending for AY 2017-18. Get ready for penalties for each non compliances.
Around 82% of the Assessment Proceeding Pending for AY 2017-18. Get ready for penalties for each non compliances. Director of…
Interesting Issue on deduction towards Gifts to doctors by pharmaceutical company : Prohibition imposed by Indian Medical Council against acceptance of gift was on the medical practitioner/doctor, and not on the pharmaceutical companies
Interesting Issue on deduction towards Gifts to doctors by pharmaceutical company : Prohibition imposed by Indian Medical Council against acceptance…
Assessments made in the name of dead person could not be held to be non-est merely because procedural requirements of taking on record the legal representative were not complied with.
Assessments made in the name of dead person could not be held to be non-est merely because procedural requirements of…
Whether capital Gain exemption admissible under section 54B if entire land sold was not cultivable but only part of the land was cultivable?
Whether capital Gain exemption admissible under section 54B if entire land sold was not cultivable but only part of the…
Information System Audit Report Format
Information System Audit Report Format Information system audit report
Advisory issued for Assessing Officers to Complete time barring assessment by 15th December
Advisory issued for Assessing Officers to Complete time barring assessment by 15th December Completion of time barring
How to make the request for re-issuance of Income Tax Refund
How to make the request for re-issuance of Income Tax Refund Next to being shot at and missed, nothing is really quite as…
Capital gain exemption admissible even if the amount is not demarcated by depositing it in Capital Gain Deposit Account Scheme
Capital gain exemption admissible even if the amount is not demarcated by depositing it in Capital Gain Deposit Account Scheme…
