Applicability of TDS U/s 194C towards Lorry charges paid to different truck owners for transportation of goods
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Applicability of TDS U/s 194C towards Lorry charges paid to different truck owners for transportation of goods Where assessee had…
Income Tax
The ITAT is an adjudicator and not an investigator. It has to rely upon the investigation / enquiry conducted by the AO
The ITAT is an adjudicator and not an investigator. It has to rely upon the investigation / enquiry conducted by…
Hawala Purchases- only condition to be satisfied for reopening is that taxable income has escaped assessment
Hawala Purchases – only condition to be satisfiled for reopening is that taxable income has escaped assessment In case of…
Are Composition Taxpayers allowed to sell Exempted Goods ?
Are Composition Taxpayers allowed to sell Exempted Goods? Yes. Composition taxpayers are allowed to sell Exempted goods. How would the…
Advance u/s 54G be allowed for utilization of capital gain?
Advance u/s 54G be allowed for utilization of capital gain? Section 54G provides for the exemption of taxability of capital…
TDS done but not deposited by Deductor, can Deductee claim the credit?
TDS done but not deposited by Deductor, can Deductee claim the credit? As per the Income Tax Act, 1961 tax…
Validity of Assessment if there is Non-issuance of notice under section 143(2) vis a vis Applicability of section 292BB
Validity of Assessment if there is Non-issuance of notice under section 143(2) vis a vis Applicability of section 292BB …
Sale of land which was leased for a very longer period- Capital gains or Income from other sources ?
Sale of land which was leased for a very longer period- Capital gains or Income from other sources ? Where…
Excess share premium not taxable in hands of closely held co. if its shareholders are relatives- Interesting Judgemnent by Chennai ITAT
Excess share premium not taxable in hands of closely held co. if its shareholders are relatives- Interesting Judgemnent by Chennai…
Cases where Input tax credit in GST shall not be available: Summary
Cases where Input tax credit in GST shall not be available: Summary Supply of goods or services from the “composite…
Taxability of Income diverted by overriding Title
Taxability of Income diverted by overriding Title In the case of CIT v/s Sitaldas Tirathdas the Supreme Court has held…
Penalty of Rs. 19 Lakh for transportation of steel without e way bill
Penalty of Rs. 19 Lakh for transportation of steel without e way bill [button color=”” size=”” type=”” target=”” link=”https://drive.google.com/file/d/0BxR9OWNe1BQOenlGUGlWVXBhQXhIVDFldVFQR25qZkpCcl9v/view?usp=sharing”]Download[/button]…
Non-issuance of notice under section 153C- Assessment is Void & Non sustainable
Non-issuance of notice under section 153C- Assessment is Void & Non sustainable Issuance of notice under section 153C is mandatory…
Portfolio management fees is not deductible while computing capital gain: Mumbai ITAT
Portfolio management fees is not deductible while computing capital gain: Mumbai ITAT Portfolio management fees and performance linked fees were…
SLP dismissed – No section 68 additions if identity of applicants was clearly revealed
SLP dismissed – No section 68 additions if identity of applicants was clearly revealed [2018] 98 taxmann.com 173 (SC) SUPREME COURT OF…
Rather fail with Honor than succeed by fraud.
Rather fail with Honor than succeed by fraud A 30yrs old man was arrested for forging Chartered Accountant’s Signature and…
Issue in Annual Return
Eligibility and Conditions for taking Input Tax Credit (1) Every registered person shall, subject to such conditions and restrictions as…
Return filed in response to section 148 notice fulfilled requirement of filing of return as mandated by section 12A
Return filed in response to section 148 notice fulfilled requirement of filing of return as mandated by section 12A [2018]…
