Extension of time limit for filing for response to notices issued under e-assessment scheme
Extension of time limit for filing for response to notices issued under e-assessment scheme Extension of time limit for filing…
Income Tax
Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs (CBIC) to tax payers and other concerned persons — reg.
Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs (CBIC) to…
Applying the definition of benami property and benami transaction the Central government could not, on the basis of the 2016 amendment allege contravention and start the prosecution in respect of a transaction in 2011.
Applying the definition of benami property and benami transaction the Central government could not, on the basis of the 2016…
Whether the Tribunal was right in holding that the income would crystallize on approval of assessee’s claim for reimbursement by competent authority while dealing with the issue of reimbursement
Whether the Tribunal was right in holding that the income would crystallize on approval of assessee’s claim for reimbursement by…
AO is directed to restrict the addition to the extent of lower GP declared by the assessee in respect of bogus purchases as compared to G.P. on normal purchases
AO is directed to restrict the addition to the extent of lower GP declared by the assessee in respect of…
AO/TPO is directed to re-compute the ALP after excluding the six comparables.
AO/TPO is directed to re-compute the ALP after excluding the six comparables. IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH…
Order under section 119(2) of the Income-tax Act, 1961- Extension of the due date of payment of tax deducted at source under 194M of the Act -reg.
Order under section 119(2) of the Income-tax Act, 1961- Extension of the due date of payment of tax deducted at…
Exemption from Capital Gain: Section 54 is a beneficial provision and is to be construed keeping in view the intention of the Legislature to give relief
Exemption from Capital Gain: Section 54 is a beneficial provision and is to be construed keeping in view the intention…
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
Cash deposited in the bank account out of the cash withdrawan earlier can not be treated as income without proving…
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.
Bogus LTCG Case: Since assessee had filed all relevant documents in relation to LTCG which reflected occurrence of transaction of…
Validity of addition due to difference in opening vs. closing cash balance
Validity of addition due to difference in opening vs. closing cash balance short overview : After considering audited balance-sheet, opening cash…
No proceedings u/s 153C merely relying on statement of person that he provided accommodation entry to assessee
No proceedings u/s 153C merely relying on statement of person that he provided accommodation entry to assessee [2019] 110 taxmann.com 28 (Delhi)…
Provision for post-retirement medical benefit of employees, though contingent in nature, is an allowable expenditure
Provision for post-retirement medical benefit of employees, though contingent in nature, is an allowable expenditure short overview : Provision for post-retirement…
Amount received on relinquishing the secretaryship of educational society is not a capital receipt
Amount received on relinquishing the secretaryship of educational society is not a capital receipt Case in brief : The appellant…
Taxation of Subsidy, Grant & Incentives
Taxation of Subsidy, Grant & Incentives To promote economic and social policy, Government do offers incentives in various forms like…
If Assessee could not establish genuineness of the expenses, AO is justified in rejecting books of accounts & computing income on estimate basis
If Assessee could not establish genuineness of the expenses, AO is justified in rejecting books of accounts & computing income…
Whether LPG Gas Subsidy received by individuals is taxable or tax free?
Whether LPG Gas Subsidy received by individuals is taxable or tax free? Lot many people, whether businessmen or salaried,…
Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23rd December 2019
Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23rd December 2019 The…
