Income Tax

Educational society not eligible for the benefit u/s 10(23C)(iiiad) when the income generated from running schools flows directly into a commercial entity on the basis of a profit sharing arrangement

7 years ago

Educational society not eligible for the benefit u/s 10(23C)(iiiad) when the income generated from running schools flows directly into a…

IT Judgement

Landmark Judgment : No 40A(3) disallowance of transaction is genuine and pyaree is identifiable

7 years ago

Landmark Judgment : No 40A(3) disallowance of transaction is genuine and pyaree is identifiable Gayatri Build Associates Pvt Ltd Vs…

IT Judgement

Acquiring flat from builder where construction to be done in phased manner is case of “purchase” for sec. 54F relief

7 years ago

Acquiring flat from builder where construction to be done in phased manner is case of “purchase” for sec. 54F relief…

Income Tax

HC condoned delay in filing ITR as it was filed belatedly due to delay in pronouncement of ruling by AAR

7 years ago

HC condoned delay in filing ITR as it was filed belatedly due to delay in pronouncement of ruling by AAR…

Income Tax

Trans 1 & ITC credit : Writ allowed by Delhi High Court

7 years ago

Trans 1 & ITC credit : Writ allowed by Delhi High Court Trans 1 & ITC credit : Writ allowed…

IT Judgement

Validity of order when AO had completed the assessment in the name of a company which had merged and was not in existence on the date the assessment order was passed

7 years ago

Validity of order when AO had completed the assessment in the name of a company which had merged and was…

IT Judgement

Commencement of construction of new residential house before transfer of original asset & validity of capital gain exemption

7 years ago

Commencement of construction of new residential house before transfer of original asset & validity of capital gain exemption Short Overview…

Income Tax

Taxation of Non Resident Indian (NRI) : Few Frequently Asked Questions

7 years ago

Taxation of Non Resident Indian (NRI) : Few Frequently Asked Questions [Assessment Year 2019-20] · I am a non-resident. The…

Income Tax

Benefits available to Non- Residents in Income TaxAct – 1961

7 years ago

Benefits available to Non- Residents in Income TaxAct – 1961 Here is a compilation of all the Tax benefits available…

IT Judgement

Validity of Assessment if requirement of issuance of notice within prescribed time under section 143(2) is not adhered

7 years ago

Validity of Assessment if requirement of issuance of notice within prescribed time under section 143(2) is not adhered Short Overview…

Income Tax

Alleged undisclosed turnover not to be considered while determining prescribed limit of audit under section 44AB

7 years ago

Alleged undisclosed turnover not to be considered while determining prescribed limit of audit under section 44AB Short Overvivew: Addition made by…

Income Tax

Additional depreciation on Motor Vehicle : An attempt to revive the Industry

7 years ago

Additional depreciation on Motor Vehicle : An attempt to revive the Industry

Income Tax

Section 14A can be invoked only if assessee seeks to square off the expenditure against the income which does not form the part of the total income

7 years ago

Section 14A can be invoked only if assessee seeks to square off the expenditure against the income which does not…

Income Tax

Person opting for getting accounts audited u/s 44AE will be subject to complete scrutiny?

7 years ago

Person opting for getting accounts audited u/s 44AE will be subject to complete scrutiny? Why there is a reference…

IT Judgement

No addition undersection 69C can be sustained if it is on the basis of statement of 3rdparty without granting opportunity of cross-examination to assessee.

7 years ago

No addition undersection 69C can be sustained if it is on the basis of statement of 3rdparty without granting opportunity…

Income Tax

Tax Audit & Penalty of Rs. 10,000/- on chartered Accountants for error in the audit report

7 years ago

Tax Audit & Penalty of Rs. 10,000/- on chartered Accountants for error in the audit report The Tax Audit…

Income Tax

Burden of proof that the high denomination notes encashed on their demonetization constituted suppressed income of assessee, is on the Department

7 years ago

Burden of proof that the high denomination notes encashed on their demonetization constituted suppressed income of assessee, is on the…

IT Judgement

Appeal in respect of Bogus LTCG not to be withdrawan even if it is within the specified Monetary limit : CBDT

7 years ago

Appeal in respect of Bogus LTCG not to be withdrawan even if it is within the specified Monetary limit :…

Income Tax

Educational society not eligible for the benefit u/s 10(23C)(iiiad) when the income generated from running schools flows directly into a commercial entity on the basis of a profit sharing arrangement

Landmark Judgment : No 40A(3) disallowance of transaction is genuine and pyaree is identifiable

Acquiring flat from builder where construction to be done in phased manner is case of “purchase” for sec. 54F relief

HC condoned delay in filing ITR as it was filed belatedly due to delay in pronouncement of ruling by AAR

Trans 1 & ITC credit : Writ allowed by Delhi High Court

Validity of order when AO had completed the assessment in the name of a company which had merged and was not in existence on the date the assessment order was passed

Commencement of construction of new residential house before transfer of original asset & validity of capital gain exemption

Taxation of Non Resident Indian (NRI) : Few Frequently Asked Questions

Benefits available to Non- Residents in Income TaxAct – 1961

Validity of Assessment if requirement of issuance of notice within prescribed time under section 143(2) is not adhered

Alleged undisclosed turnover not to be considered while determining prescribed limit of audit under section 44AB

Additional depreciation on Motor Vehicle : An attempt to revive the Industry

Section 14A can be invoked only if assessee seeks to square off the expenditure against the income which does not form the part of the total income

Person opting for getting accounts audited u/s 44AE will be subject to complete scrutiny?

No addition undersection 69C can be sustained if it is on the basis of statement of 3rdparty without granting opportunity of cross-examination to assessee.

Tax Audit & Penalty of Rs. 10,000/- on chartered Accountants for error in the audit report

Burden of proof that the high denomination notes encashed on their demonetization constituted suppressed income of assessee, is on the Department

Appeal in respect of Bogus LTCG not to be withdrawan even if it is within the specified Monetary limit : CBDT

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