Violation of provision of sec. 13 couldn’t be a ground to cancel registration of trust
Violation of provision of sec. 13 couldn’t be a ground to cancel registration of trust Violation of provision of sec.…
Income Tax
Assessee can follow different systemsof accounting in respect of different sources of income
Assessee can follow different systemsof accounting in respect of different sources of income It is well established that the choice…
Cash Deposited during Demonetization: Practical aspects inIncome Tax Assessment
Cash Deposited during Demonetization: Practical aspects inIncome Tax Assessment Operation clean money (OCM) was initiated by our Hon’ble Prime Minister…
AO couldn’t reject sec. 12AA registration merely because assessee was claiming exemption u/s 10(23C)
AO couldn’t reject sec. 12AA registration merely because assessee was claiming exemption u/s 10(23C) CIT v. Beant College of Engineering…
Practicing professionals are prohibited from acting as full time directors
Practicing professionals are prohibited from acting as full time directors Bombay High Court in its recent judgement in the case…
Loan accepted in cash – Assessee was engaged in construction business and started from scratch and did not have financial capacity to undertake huge projects – No penalty attracted
Loan accepted in cash – Assessee was engaged in construction business and started from scratch and did not have financial…
AO need to consider the reply submitted by Assessee related to cash deposit for Reassessment: Gujarat HC
AO need to consider the reply submitted by Assessee related to cash deposit for Reassessment: Gujarat HC Hemant…
HC reduced pre-deposit of tax amount from 20% to 10% on genuine grounds
HC reduced pre-deposit of tax amount from 20% to 10% considering high tax demand raised against assessee Dalpatsinh Ukabhai Vasava…
Penny stock : Tax Effect limit for filing appeal by Revenue Removed
Penny stock : Tax Effect limit for filing appeal by Revenue Removed Doc1 (1)
Assessing Officer has a legal obligation to implement the order of the ITAT strictly and such failure would result in the failure of justice: Karnataka HC
Assessing Officer has a legal obligation to implement the order of the ITAT strictly and such failure would result in…
Death of a CA – Not a reasonable cause for dropping the penalty for delay in audit
Death of a CA – Not a reasonable cause for dropping the penalty for delay in audit …
Delhi HC imposes penalty on a company for filing various frivolous petitions against CA, CA Firms
Delhi HC imposes penalty on a company for filing various frivolous petitions against CA, CA Firms Wholesale Trading…
ICSI requested for inclusion of Company Secretary in the Definition of “Accountant” in IT Act
ICSI requested for inclusion of Company Secretary in the Definition of “Accountant” in IT Act THE INSTITUTE OF Company Secretaries…
Capital Gain computation: Whether indexation benefit isavailable from the date of payment or from the date of purchase deed?
Capital Gain computation: Whether indexation benefit is available from the date of payment or from the date of purchase deed?…
Why FM should scrap the concept of notional taxation on the basis of ready recknoner value?
Why FM should scrap the concept of notional taxation on the basis of ready recknoner value? Income tax is…
Whether a pre-shipment advance out of which cash/trade discount was deducted by foreign party as per written trade agreement, can be construed as ‘interest’ u/s 2(28)
Whether a pre-shipment advance out of which cash/trade discount was deducted by foreign party as per written trade agreement, can…
An interesting Judgment: “cost of the residential house so purchased” in s. 54 is not confined to the cost of civil construction but includes furniture and fixtures if they are an integral part of the purchase.
An interesting Judgment: “cost of the residential house so purchased” in s. 54 is not confined to the cost of civil…
Capital gain exemption: A property may have been purchased as areadymade unit but that does not restricts the buyer from incurring anybonafide construction expenditure on improvisation or supplementary work
Capital gain exemption: A property may have been purchased as a readymade unit but that does not restricts the buyer from…
