Whether Legal Heir can claim the benefit of capital gain exemption under section 54 or section 54F?
Whether Legal Heir can claim the benefit of capital gain exemption under section 54 or section 54F? Opinion: Benefit of…
Income Tax
Interesting case: HC sets aside National Anti Profiteering Authority (NAPA’s) order where all the members who had signed the order were not present for hearing
Interesting case: HC sets aside National Anti Profiteering Authority (NAPA’s) order where all the members who had signed the order…
Charitable trust registration under section 12AA & Scope of inquiry while granting registration
Charitable trust registration under section 12AA & Scope of inquiry while granting registration Short Overview : Where registration of the Trust…
Landmark Judgment on validity of addition under section 68 on the ground that in response to summons under section 131 shareholder companies had not appeared for personal deposition.
Landmark Judgment on validity of addition under section 68 on the ground that in response to summons under section 131…
Capital Gains & Computation of holding period, i.e., ‘date of allotment’ or “date of possession” – An Interesting Issue
Capital Gains & Computation of holding period, i.e., ‘date of allotment’ or “date of possession” – An Interesting Issue Short…
Does Inclusive Method of Accounting have any impact on Profits or not?
Does Inclusive Method of Accounting have any impact on Profits or not? Under the Income tax Act, 1961 assessee is…
No matter what, Purchases cannot be treated as Bogus if they are duly supported by bills and other evidences
No matter what, Purchases cannot be treated as Bogus if they are duly supported by bills and other evidences PCIT…
Reporting under the new format of Tax Audit Report in 3CD : An awesome publication by BCAS
Reporting under the new format of Tax Audit Report in 3CD : An awesome publication by BCAS 4_5870604068904241258
Landmark Judgement by Supreme Court of the Country : No addition can be sustained if it is done purely on the basis if information received from Investigation Wing without giving an opportunity of cross examination to the Assessee
Landmark Judgement by Supreme Court of the Country : No addition can be sustained if it is done purely on…
No Penalty for assessee’s failure to upload audit report electronically in Form No. 3CEB as the report was promptly made available in the assessment proceedings itself
No Penalty for assessee’s failure to upload audit report electronically in Form No. 3CEB as the report was promptly made…
The order of provisional attachment before the assessment order is made, may be justified if the assessing authority is of the opinion that it is necessary to protect the interest of revenue.
The order of provisional attachment before the assessment order is made, may be justified if the assessing authority is of…
Capital Gain Tax & Relinquishment of right by assessee in favour of family members in bungalow jointly held by assessee
Capital Gain Tax & Relinquishment of right by assessee in favour of family members in bungalow jointly held by assessee…
Validity of Addition to Income if Assessee failed to explain source of investment in purchase of property
Validity of Addition to Income if Assessee failed to explain source of investment in purchase of property Short Overview : Where…
Important Clauses : Tax Audit Report vs. Income Tax Returns Forms
Important Clauses : Tax Audit Report vs. Income Tax Returns Forms TAR Vs ITR Checklist
Detention of goods & proceeding against transporter of goods
Detention of goods & proceeding against transporter of goods 2019 TaxPub(GST) 0953 (Mad-HC) IN THE MADRAS HIGH COURT SUNDAR, J.…
Former Tax Department Head Shri K.V.Chowdary joins RIL Board
Former Tax Department Head Shri K.V.Chowdary joins RIL Board
Builder earning rental income from unsold stock: Income from house property or income from business?
Builder earning rental income from unsold stock: Income from house property or income from business? ACIT Vs Ashapura Developers (ITAT…
Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can be regarded as bogus
Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can…
