Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as it was put to use.
Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as…
Income Tax
Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct
Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct short overview…
Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C
Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed…
Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company
Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and…
Keyman Insurance Policy Income Tax Treatment
Keyman Insurance Policy Income Tax Treatment The `keyman’ or ‘key person’ would be any person employed by a company having a…
“Analysis on Rule 36(4): Restriction on availment of ITC” By CA Jenil Shah
“Analysis on Rule 36(4): Restriction on availment of ITC” By CA Jenil Shah Rule 36(4) ITC Restriction (1) (1)
Property taken on Partition of a Hindu undivided family does not amount to property inherited by members
Property taken on Partition of a Hindu undivided family does not amount to property inherited by members P.N. Krishna Iyer…
Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost
Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost Ciba Of…
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)…
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…
