Income Tax

Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)

6 years ago

Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could…

IT Judgement

Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%.

6 years ago

Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%. [2019] 108 tax…

Income Tax

Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)

6 years ago

Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning…

IT Judgement

Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC

6 years ago

Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC Shri…

Income Tax

Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility

6 years ago

Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility Government is following Carrot and stick approach…

Income Tax

CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record

6 years ago

CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record INCOME-TAX : When decision of…

Income Tax

Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when it was submitted that it is Cash received on sale of car

6 years ago

Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when…

Income Tax

Resale if rural agricultural land within a short period of time to the companies in which the assessee was a director is exempt or taxable – An issue with a difference

6 years ago

Resale if rural agricultural land within a short period of time to the companies in which the assessee was a…

Income Tax

Taxation of corpus donation as undisclosed income under section 68

6 years ago

Taxation of corpus donation as undisclosed income under section 68 Short Overview : Where corpus donation could not be verified as…

Income Tax

Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books for accounting purpose but claimed as deduction for income tax purposes

6 years ago

Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books…

IT Judgement

Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level

6 years ago

Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level Short Overview : An assessee…

IT Judgement

Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence

6 years ago

Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence…

IT Judgement

Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued and the charge on with the penalty was imposed

6 years ago

Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued…

IT Judgement

Cleaning & sweeping service to government hospitals is exempt or taxable ?

6 years ago

Cleaning & sweeping service to government hospitals is exempt or taxable ? IN THE AUTHORITY FOR ADVANCE RULING, WEST BENGAL…

Income Tax

Capital gains—Deduction under section 54EC—Investment not made with in prescribed time due to non-availability of REC Bonds

6 years ago

Capital gains—Deduction under section 54EC—Investment not made with in prescribed time due to non-availability of REC Bonds short overview :…

IT Judgement

Raye of tax on Solar LED Torch used generally in agriculture/rural area

6 years ago

Raye of tax on Solar LED Torch used generally in agriculture/rural area IN THE AUTHORITY FOR ADVANCE RULING, MADHYA PRADESH…

Income Tax

Payment made to legal heirs of deceased partner is an admissible expenditure

6 years ago

Payment made to legal heirs of deceased partner is an admissible expenditure short overview: As firm envisaged payment to a outgoing…

Income Tax

Posting order at Regional e assessment Unit , Kolkata : Regional e Assessment Unit getting operational all over the country.

6 years ago

Posting order at Regional e assessment Unit , Kolkata : Regional e Assessment Unit getting operational all over the country.…

Income Tax

Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)

Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%.

Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)

Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC

Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility

CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record

Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when it was submitted that it is Cash received on sale of car

Resale if rural agricultural land within a short period of time to the companies in which the assessee was a director is exempt or taxable – An issue with a difference

Taxation of corpus donation as undisclosed income under section 68

Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books for accounting purpose but claimed as deduction for income tax purposes

Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level

Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence

Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued and the charge on with the penalty was imposed

Cleaning & sweeping service to government hospitals is exempt or taxable ?

Capital gains—Deduction under section 54EC—Investment not made with in prescribed time due to non-availability of REC Bonds

Raye of tax on Solar LED Torch used generally in agriculture/rural area

Payment made to legal heirs of deceased partner is an admissible expenditure

Posting order at Regional e assessment Unit , Kolkata : Regional e Assessment Unit getting operational all over the country.

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