IRREVOCABLE CLAUSE IN THE TRUST DEED
IRREVOCABLE CLAUSE IN THE TRUST DEED Every trust applying for registration of trust u/s 12AA of the Income Tax Act…
Income Tax
GST : Validity of seizure on a hyper technical basis and where the breach is purely technical and there is no allegation of intention to evade tax
GST : Validity of seizure on a hyper technical basis and where the breach is purely technical and there is…
Validation of revision under section 263 in respect of assessment order which is bad in law
Validation of revision under section 263 in respect of assessment order which is bad in law Overview : ssessment order…
Payment of bonus to director cum shareholder disallowance ? Is it not in the nature of dividend ?
Payment of bonus to director cum shareholder disallowance ? Is it not in the nature of dividend ? Overview :…
TDS under section 194C & payment made to truck owner without deducting TDS
TDS under section 194C & payment made to truck owner without deducting TDS Overview : Where truck driver had only…
Validity of disallowance of trading loss on sale of old stock
Validity of disallowance of trading loss on sale of old stock Overview : When the stock sold was very old,…
Landmark Judgement : Credit on input materials/services used for construction of shopping malls is available against CGST/OGST payable on rent – Orissa HC
Landmark Judgement : Credit on input materials/services used for construction of shopping malls is available against CGST/OGST payable on rent…
Capital gain exemption not restricted to construction expenditure which is incurred after the sale of original asset. Even amount paid towards structure purchased is eligible for exemption.
Capital gain exemption not restricted to construction expenditure which is incurred after the sale of original asset. Even amount paid…
Purchase and sale of property exceeding Rs. 1 Cr to be on hit list
Purchase and sale of property exceeding Rs. 1 Cr to be on hit list
CBDT Proposes to amend Trust Audit Report in Form No. 10B
CBDT Proposes to amend Trust Audit Report in Form No. 10B CBDT Proposes to amend Trust Audit Report in Form…
Promotion and posting of CCIT
Promotion and posting of CCIT Promotion and posting of CCIT
Unaccounted money allegedly claimed as exempted long-term capital gain & allowability thereof
Unaccounted money allegedly claimed as exempted long-term capital gain & allowability thereof Overview : Where assessee had sold the shares…
Interesting judgement : Serving of assessment order beyond limitation period is null and void
Interesting judgement : Serving of assessment order beyond limitation period is null and void Over view: Though assessment order was…
Eligibility to avail input tax credits – Landmark Judgement
Eligibility to avail input tax credits – Landmark Judgement A landmark judgement under the GST Law. It will will have…
Conditions on tax compliances of undisclosed foreign income and assets
BMA circular15_2015 Conditions on tax compliances of undisclosed foreign income and assets BMA circular15_2015 (1)_compressed (1)
Addition of premium amount cannot be made solely on the basis of valuation of loss-making company
Addition of premium amount cannot be made solely on the basis of valuation of loss-making company Conclusion: Addition of difference…
Section 142A: Reference of matter to DVO by AO for valuation of property is not mandatory
Section 142A: Reference of matter to DVO by AO for valuation of property is not mandatory Even after insertion of…
Be cautious : Exempt agricultural income can not be accepted in the absence of evidences regarding the performance of agricultural activity or expenditure or sale of the agriculture produce
Be cautious : Exempt agricultural income can not be accepted in the absence of evidences regarding the performance of agricultural activity…
