A welcome Move: CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony
A welcome Move: CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony CBDT grants exemption under section 56(2)(x)…
Income Tax
Another Landmark Judgment : Deposit of amount in capital gain a/c scheme isn’t a mandatory condition to claim Sec. 54 relief
Another Landmark Judgment : Deposit of amount in capital gain a/c scheme isn’t a mandatory condition to claim Sec. 54…
The Due Date of filing GSTR – 9 & GSTR – 9C extended !!
The Due Date of filing GSTR – 9 & GSTR – 9C extended !!
Delhi ITAT deleted addition of cash deposits during demonetisation
Delhi ITAT deleted addition of cash deposits during demonetisation Agson Global Pvt. Ltd [TS-660-ITAT-2019(DEL)] An addition of Rs. 73 Crore to…
Filing of the loss return without examining the audited accounts and past assessment records
Filing of the loss return without examining the audited accounts and past assessment records Commissioner Of Income-Tax vs Ranicherra…
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…
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…
