Assignment of loan to third party – AO can’t invoke sec. 41(1) to tax surplus thereon
Assignment of loan to third party – AO can’t invoke sec. 41(1) to tax surplus thereon [2019] 106 taxmann.com 194 (Mumbai –…
Income Tax
Inheritance Tax – Are we ready
Inheritance Tax – Are we ready Rumours & Sentiments are high on the possible re-introduction of Inheritance Tax in the…
Transfer Order of Asst. Commissioner & Dy.Comm of Income Tax
Transfer Order of Asst. Commissioner & Dy.Comm of Income Tax Order No. 142 of 2019 Transfer Order of Asst. Commissioner…
Business Compliance Calendar for the month of July 2019
Business Compliance Calendar for the month of July 2019 Special Caution: – Annual return of income for the assessment…
Payment made for conduct of examination through affiliated centers and TDS U/s 194J
Payment made for conduct of examination through affiliated centers and TDS U/s 194J Short Overview: In absence of any material…
Whether different view on same set of material as available at the time of original assessment can be taken for return filed u/s 153A ?
Whether different view on same set of material as available at the time of original assessment can be taken for…
Mere delay in depositing TDS within the time limit prescribed in S. 200 & Rule 30 is an offense sufficient to attract protection : Karnataka HC
Mere delay in depositing TDS within the time limit prescribed in S. 200 & Rule 30 is an offense sufficient…
Addition under section 68 towards Long-term capital gain on sale of shares deleted by ITAT Delhi
Addition under section 68 towards Long-term capital gain on sale of shares deleted by ITAT Delhi Income Tax Act, 1961, Section…
CBDT expands Terms of Reference for drafting new Direct Tax Law
CBDT expands Terms of Reference for drafting new Direct Tax Law Notification F.no. 370149/230/2017, dated 24-06-2019 The Central Board of…
Landmark Judgment :Distance from the metropolitan area isn’t relevant to classify a land as rural agricultural land
Landmark Judgment :Distance from the metropolitan area isn’t relevant to classify a land as rural agricultural land Kolkata ITAT in Naiyer…
Ball pens & medical gifts given to doctors by Pharma Co with its logo aren’t freebies: ITAT
Ball pens & medical gifts given to doctors by Pharma Co with its logo aren’t freebies: ITAT Aishika Pharma (P.)…
Adhoc disallowance of expenses without finding any specific defects in books of account not justified
Adhoc disallowance of expenses without finding any specific defects in books of account not justified M/s Vijay Infrastructure Limited Vs…
Disallowance of an expense per se cannot mean that the assessee has furnished incorrect particulars of its income
Disallowance of an expense per se cannot mean that the assessee has furnished incorrect particulars of its income Karnataka High…
Making a claim, which is found to be unacceptable in law cannot be treated as furnishing of inaccurate particulars of income.
Making a claim, which is found to be unacceptable in law cannot be treated as furnishing of inaccurate particulars of…
Is it worthwhile to reintroduce Estate Duty or Inheritance Tax?
Is it worthwhile to reintroduce Estate Duty or Inheritance Tax? However, is it worthwhile? 13 countries in the last 20…
Is it worthwhile to reintroduce Estate Duty or Inheritance Tax?
Is it worthwhile to reintroduce Estate Duty or Inheritance Tax? However, is it worthwhile? 13 countries in the last 20…
Rate of Estate or Inheritance Tax in few Countries
Rate of Estate or Inheritance Tax in few Countries If reintroduced, what will be rate of estate duty? Let us…
THE ESTATE DUTY ACT, 1953 WILL BE BACK?
THE ESTATE DUTY ACT, 1953 WILL BE BACK? There are the chances that the Estate Duty Act or Inheritance Tax…
