CBDT for representation before CIT (A)
CBDT for representation before CIT (A) CBDT-Directive-CIT-A
Income Tax
Buying and selling activity in the lands characterized by a multiplicity of transactions – Income is taxable as business income and not capital gain income
Buying and selling activity in the lands characterized by a multiplicity of transactions – Income is taxable as business income…
Validity of reassessment on the basis of nformation emanated from Investigation Wing without aapplication of mind
Validity of reassessment on the basis of nformation emanated from Investigation Wing without aapplication of mind Short Overview : Reopening of…
Regulating cash transactions through Income Tax Act – 1961
Regulating cash transactions through Income Tax Act – 1961 Year after year, new provisions are introduced in the Income Tax…
MANDATORY DISCLOSURE OF ASSET & LIABILITIES IN INCOME TAX RETURN
MANDATORY DISCLOSURE OF ASSET & LIABILITIES IN INCOME TAX RETURN Having Income of more than 50 Lakh? Compulsory provide Assets…
Addition under section 68 towards Unexplained cash credits- whether require in the hands of the firm ?
Addition under section 68 towards Unexplained cash credits-whether require in the hands of the firm ? Short Overview : Where…
Capital gains exemption if Assessee not been able to obtain possession and got purchase deed executed within 3 years
Capital gains exemption if Assessee not been able to obtain possession and got purchase deed executed within 3 years Short…
Admissibility of Condonation of delay in filing appeal before ITAT as Partner looking after income-tax matters was ill
Admissibility of Condonation of delay in filing appeal before ITAT as Partner looking after income-tax matters was ill Short…
The Peerless General Finance And Investment Co Ltd vs. CIT (Supreme Court)
The Peerless General Finance And Investment Co Ltd vs. CIT (Supreme Court) IN THE SUPREME COURT OF INDIA CIVIL APPELLATE…
Builders to get into more pain. Banks to monitor RERA Compliance before disbursement now
Builders to get into more pain. Banks to monitor RERA Compliance before disbursement now NHBND-DRS-Policy-Circular-96-2019-20
Be careful : No deduction towards Interest, Remuneration etc in the hands of the Firm if such Firm does not respond to notices issued under section 142(1)
Be careful : No deduction towards Interest, Remuneration etc in the hands of the Firm if such Firm does not…
CBDT Demands 100% Disposal Of Appeals By CIT(A)
CBDT Demands 100% Disposal Of Appeals By CIT(A) The CBDT has sent the clear signal in the Central Action Plan…
Notice u/s 143(2) issued prior to filing of ROI invalid, resulting in assessment order to be set aside
Notice u/s 143(2) issued prior to filing of ROI invalid, resulting in assessment order to be set aside INCOME TAX…
Revision petition under Sec. 264 is maintainable against sec. 143(1) intimation: Delhi HC
Revision petition under Sec. 264 is maintainable against sec. 143(1) intimation: Delhi HC INCOME TAX : Petitioner-foreign company earned service…
Even introduction of stock-in-trade as capital contribution into firm attracts s. 45(3)
Even introduction of stock-in-trade as capital contribution into firm attracts s. 45(3) The assessee was engaged in the business of real estate…
Taxability of Difference between sale consideration mentioned in sale deed and that mentioned in paper found during enquiry
Taxability of Difference between sale consideration mentioned in sale deed and that mentioned in paper found during enquiry Short Over…
Chartered Accountants and Tax Audit firms – Be cautious – Panipat Haryana Court has held that Auditor is the one who is responsible for the lack of communication and penalized the auditor.
Chartered Accountants and Tax Audit firms – Be cautious – Panipat Haryana Court has held that Auditor is the one…
IT Return software utility provider gives up due to Government’s action plan related to e filing and rechnial glitches !!
IT Return software utility provider gives up due to Government’s action plan related to e filing and rechnial glitches !!…
