Non-production of directors of subscriber companies & validity of addition under section 68
Non-production of directors of subscriber companies & validity of addition under section 68 Overview : When identity and creditworthiness of…
Income Tax
Applicability of TDS on boarding and lodging expenses of auditors borne by assessee
Applicability of TDS on boarding and lodging expenses of auditors borne by assessee Overview : Where payment for boarding and…
Order No. 49 of 2019- Promotion in the grade of Pr. CCIT
Order No. 49 of 2019- Promotion in the grade of Pr. CCIT Office Order No. 49 of 2019 Consequent upon…
Changes in Name Approval Rules released by MCA vide Notification Dated 10th May 2019 !
Changes in Name Approval Rules released by MCA vide Notification Dated 10th May 2019 ! Companies IncorporationFifth AmendmentRules_12052019
General Circular on ADT-1 filed through GNL-2
General Circular on ADT-1 filed through GNL-2 For ADT-1 filed as attachment in GNL-2_ during 01/04/2014 to 20/10/2014, One time…
Deduction u/s 54EC & Computation of six months period
Deduction u/s 54EC & Computation of six months period Overview: Date of transfer of property to compute the six-months period…
U/s 101 of Evidence Act, 1972, the onus is on the assessee to prove that the LTCG is genuine.
U/s 101 of Evidence Act, 1972, the onus is on the assessee to prove that the LTCG is genuine. CITATION:…
Interesting case: Interest recovered directly from bank account through electronic clearing system is also liable for TDS
Interesting case: Interest recovered directly from bank account through electronic clearing system is also liable for TDS Overview : Tax…
No addition could be made in Assessment u/s 153A if No incriminating material found
No addition could be made in Assessment u/s 153A if No incriminating material found Overview : As assessment for…
CBDT dedicates 16th May to 31st May forexpeditious disposal of taxpayer’s claims for appeal effect & rectification.
CBDT dedicates 16th May to 31st May forexpeditious disposal of taxpayer’s claims for appeal effect & rectification. CBDT To Pr.CIT…
Penalty u/s 271(1)(c) could not be levied on income declared in revised return filed suo motu under section 139(5)
Penalty u/s 271(1)(c) could not be levied on income declared in revised return filed suo motu under section 139(5) Overview:…
AO allows capital gain exemption on that part of construction expenditure which is incurred after the sale of original asset ignoring the amount of earlier structure purchased
AO allows capital gain exemption on that part of construction expenditure which is incurred after the sale of original asset…
ICAI’s Revised Code of Ethics 2019 Applicable w.e.f. 1 April, 2020
ICAI’s Revised Code of Ethics 2019* Applicable w.e.f. 1 April, 2020 Fundamental ethical principles requires that a CA firm should…
Officer conducting search has discretion not to seize even higher quantity of gold jewellery based on factors including family customs and traditions
Officer conducting search has discretion not to seize even higher quantity of gold jewellery based on factors including family customs…
An interesting judgment discussion tax implication of bogus purchase through Hawala Operator
An interesting judgment discussion tax implication of bogus purchase through Hawala Operator All these appeals arise out of common Judgment…
No disallowance on non-deduction of tax just because assessee didn’t furnish PAN of transporter to dept.
No disallowance on non-deduction of tax just because assessee didn’t furnish PAN of transporter to dept. [2019] 104 taxmann.com 336 (Jaipur –…
AO couldn’t change method of determining FMV of shares consistently accepted in prior years
AO couldn’t change method of determining FMV of shares consistently accepted in prior years AO couldn’t change method of determining…
