Income Tax

Resale if rural agricultural land within a short period of time to the companies in which the assessee was a director is exempt or taxable – An issue with a difference

7 years ago

Resale if rural agricultural land within a short period of time to the companies in which the assessee was a…

Income Tax

Taxation of corpus donation as undisclosed income under section 68

7 years ago

Taxation of corpus donation as undisclosed income under section 68 Short Overview : Where corpus donation could not be verified as…

Income Tax

Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books for accounting purpose but claimed as deduction for income tax purposes

7 years ago

Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books…

IT Judgement

Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level

7 years ago

Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level Short Overview : An assessee…

IT Judgement

Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence

7 years ago

Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence…

IT Judgement

Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued and the charge on with the penalty was imposed

7 years ago

Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued…

IT Judgement

Cleaning & sweeping service to government hospitals is exempt or taxable ?

7 years ago

Cleaning & sweeping service to government hospitals is exempt or taxable ? IN THE AUTHORITY FOR ADVANCE RULING, WEST BENGAL…

Income Tax

Capital gains—Deduction under section 54EC—Investment not made with in prescribed time due to non-availability of REC Bonds

7 years ago

Capital gains—Deduction under section 54EC—Investment not made with in prescribed time due to non-availability of REC Bonds short overview :…

IT Judgement

Raye of tax on Solar LED Torch used generally in agriculture/rural area

7 years ago

Raye of tax on Solar LED Torch used generally in agriculture/rural area IN THE AUTHORITY FOR ADVANCE RULING, MADHYA PRADESH…

Income Tax

Payment made to legal heirs of deceased partner is an admissible expenditure

7 years ago

Payment made to legal heirs of deceased partner is an admissible expenditure short overview: As firm envisaged payment to a outgoing…

Income Tax

Posting order at Regional e assessment Unit , Kolkata : Regional e Assessment Unit getting operational all over the country.

7 years ago

Posting order at Regional e assessment Unit , Kolkata : Regional e Assessment Unit getting operational all over the country.…

IT Judgement

Validity of Addition under section 68 where creditworthiness and genuineness not proved but Alleged outstanding loan was repaid subsequently

7 years ago

Validity of Addition under section 68 where creditworthiness and genuineness not proved but Alleged outstanding loan was repaid subsequently Short…

IT Judgement

Validity of ddition under section 68 when cash amount explained as derived from sale of agricultural produce

7 years ago

Validity of ddition under section 68 when cash amount explained as derived from sale of agricultural produce Short Overview : Where…

Income Tax

No addition in the hands of other person if cash found is accepted as income by the person in whose possession it was found

7 years ago

No addition in the hands of other person if cash found is accepted as income by the person in whose…

Income Tax

Admissibility of deduction towards educational expenses in respect of daughter of one of the Directors of the assessee company

7 years ago

Admissibility of deduction towards educational expenses in respect of daughter of one of the Directors of the assessee company Conclusions…

Income Tax

Trust Assessment : Whether repayment of loan ia an application of Money ?

7 years ago

Trust Assessment : Whether repayment of loan ia an application of Money ? Exemption u/s 11 – Claim of repayment…

Income Tax

Salary Income : Difference in 26AS & Salary income offered for taxation in income tax return due to difference between employer and employee

7 years ago

Salary Income : Difference in 26AS & Salary income offered for taxation in income tax return due to difference between…

Income Tax

New Corporate Tax Rate of 22% & Its Impact:Companies with MAT credit not at Par with Other Companies

7 years ago

New Corporate Tax Rate of 22% & Its Impact:Companies with MAT credit not at Par with Other Companies To…

Income Tax

Resale if rural agricultural land within a short period of time to the companies in which the assessee was a director is exempt or taxable – An issue with a difference

Taxation of corpus donation as undisclosed income under section 68

Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books for accounting purpose but claimed as deduction for income tax purposes

Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level

Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence

Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued and the charge on with the penalty was imposed

Cleaning & sweeping service to government hospitals is exempt or taxable ?

Capital gains—Deduction under section 54EC—Investment not made with in prescribed time due to non-availability of REC Bonds

Raye of tax on Solar LED Torch used generally in agriculture/rural area

Payment made to legal heirs of deceased partner is an admissible expenditure

Posting order at Regional e assessment Unit , Kolkata : Regional e Assessment Unit getting operational all over the country.

Validity of Addition under section 68 where creditworthiness and genuineness not proved but Alleged outstanding loan was repaid subsequently

Validity of ddition under section 68 when cash amount explained as derived from sale of agricultural produce

No addition in the hands of other person if cash found is accepted as income by the person in whose possession it was found

Admissibility of deduction towards educational expenses in respect of daughter of one of the Directors of the assessee company

Trust Assessment : Whether repayment of loan ia an application of Money ?

Salary Income : Difference in 26AS & Salary income offered for taxation in income tax return due to difference between employer and employee

New Corporate Tax Rate of 22% & Its Impact:Companies with MAT credit not at Par with Other Companies

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