Selling of own land after plotting it out in order to secure better price is not an adventure in the nature of trade or business
Selling of own land after plotting it out in order to secure better price is not an adventure in the…
Income Tax
Isolated activity could not come within the purview of adventure in the nature of trade and business.
Isolated activity could not come within the purview of adventure in the nature of trade and business. Dhirubhai Kanjibhai Patel,Huf,…
Conversion of agricultural land in to non agricultural land can be said to be a business activity?
Conversion of agricultural land in to non agricultural land can be said to be a business activity? Ajitkumar T.Patel, Mehsana…
Additional reporting required to be done by the Auditors of Trust in Maharashtra
Additional reporting required to be done by the Auditors of Trust in Maharashtra Now, an additional reporting is required to…
Section 276CC deals with failure to comply with the obligation under sections 139(1) or 142(1) or 148 of Income Tax Act. Disobedience of each said provision of law itself constitutes a distinct offence
Section 276CC deals with failure to comply with the obligation under sections 139(1) or 142(1) or 148 of Income Tax…
Before you begin Tax Audit for FY 2018-19, Know important points in Form No. 3CD
Before you begin Tax Audit for FY 2018-19, Know important points in Form No. 3CD There are some of the…
Addition under section 68 towards Unexplained cash credits
Addition under section 68 towards Unexplained cash credits Overview : Where assessee received loan amount and the loan amount was…
Penalty under section 271AAB on Filing of return declaring undisclosed income if there is a Delay in filing return income
Penalty under section 271AAB on Filing of return declaring undisclosed income if there is a Delay in filing return income…
Validity of Redemption fine and confiscation under section 130 without initiating any proceedings under section 129
Validity of Redemption fine and confiscation under section 130 without initiating any proceedings under section 129 2019 TaxPub(GST) 0330 (Guj-HC)…
Similar types of errors is being committed by the Assessing Officers either by deliberately or due to ‘Induced ignorance’. Jharkhand HC advised CITs to conduct orientation courses for AOs.
Similar types of errors is being committed by the Assessing Officers either by deliberately or due to ‘Induced ignorance’. Jharkhand…
Excellent publication : Technical Guide on GST Audit by ICAI
Excellent publication : Technical Guide on GST Audit by ICAI
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur ITAT
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur…
Rental income earned by assessee – developer is House property income or business income
Rental income earned by assessee – developer is House property income or business income Fact : Assessee was in…
Is there any time limit to held Assessee in default if TCS not collected ?
Is there any time limit to held Assessee in default if TCS not collected ? Query – Is there any…
No penalty for cash loan as it was never the intention of the Legislature to punish a party involved in a genuine transaction: Bangalore ITAT
No penalty for cash loan as it was never the intention of the Legislature to punish a party involved in…
Adjacent property can be considered as “one” house property
Adjacent property can be considered as “one” house property Almost all exemption provision in the Income Tax Act – 1961…
Section 40A(3) was attracted even in cases of payments by book adjustments ?
Section 40A(3) was attracted even in cases of payments by book adjustments ? Punjab-Haryana High Court Commissioner Of Income-Tax vs Kishan…
Failure to attach board report along with financial statement in annual filing is compoundable offence
Failure to attach board report along with financial statement in annual filing is compoundable offence CL: Where a company contravened…
