Income Tax

IT Judgement

Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can be regarded as bogus

7 years ago

Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can…

Income Tax

Re: Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax

7 years ago

Re: Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax Query]…

Income Tax

Mere mentioning of new address in the return of income is not enough.

7 years ago

Mere mentioning of new address in the return of income is not enough. Very important PCIT vs. IVen Interactive…

Income Tax

No denial of depreciation on trademark just because agreement on acquisition was entered into on post-dated stamp papers

7 years ago

No denial of depreciation on trademark just because agreement on acquisition was entered into on post-dated stamp papers [2019] 109 taxmann.com 404…

IT Judgement

Interesting Judgment : Capital Receipt is not Taxable and so Sum received as damages from tenant for unauthorized occupation of property is not liable to taxation.

7 years ago

Interesting Judgment : Capital Receipt is not Taxable and so Sum received as damages from tenant for unauthorized occupation of…

Income Tax

System driven E-Assessment scheme to make 360 degree change in the working of Income Tax Department

7 years ago

System driven E-Assessment scheme to make 360 degree change in the working of Income Tax Department Income tax department…

IT Judgement

Additions to income of assessee in respect of cash found during search at residential premises of his father-in – law who has accepted that cash is unjustified

7 years ago

Additions to income of assessee in respect of cash found during search at residential premises of his father-in – law…

IT Judgement

Applicability of Tax deduction at source Under section 194J on Payment towards data line charges

7 years ago

Applicability of Tax deduction at source Under section 194J on Payment towards data line charges short overview : Even though amendment…

IT Judgement

Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return

7 years ago

Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return short overview : Where the…

Income Tax

EXCESS INCOME TAX REFUNDED? WILL BE RECOVERED WITH INTEREST U/S 234D

7 years ago

EXCESS INCOME TAX REFUNDED? WILL BE RECOVERED WITH INTEREST U/S 234D Income tax refund! Sounds quite familiar, doesn’t it? Many…

IT Judgement

Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public

7 years ago

Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public Short…

IT Judgement

Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)

7 years ago

Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could…

IT Judgement

Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%.

7 years ago

Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%. [2019] 108 tax…

Income Tax

Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)

7 years ago

Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning…

IT Judgement

Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC

7 years ago

Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC Shri…

Income Tax

Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility

7 years ago

Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility Government is following Carrot and stick approach…

Income Tax

CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record

7 years ago

CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record INCOME-TAX : When decision of…

Income Tax

Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when it was submitted that it is Cash received on sale of car

7 years ago

Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when…

Income Tax

Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can be regarded as bogus

Re: Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax

Mere mentioning of new address in the return of income is not enough.

No denial of depreciation on trademark just because agreement on acquisition was entered into on post-dated stamp papers

Interesting Judgment : Capital Receipt is not Taxable and so Sum received as damages from tenant for unauthorized occupation of property is not liable to taxation.

System driven E-Assessment scheme to make 360 degree change in the working of Income Tax Department

Additions to income of assessee in respect of cash found during search at residential premises of his father-in – law who has accepted that cash is unjustified

Applicability of Tax deduction at source Under section 194J on Payment towards data line charges

Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return

EXCESS INCOME TAX REFUNDED? WILL BE RECOVERED WITH INTEREST U/S 234D

Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public

Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)

Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%.

Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)

Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC

Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility

CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record

Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when it was submitted that it is Cash received on sale of car

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