Income Tax

Article Income Tax IT Judgement Latest Update

Exemption u/s 54F if Process of purchasing plot or constructing house started within a reasonable time prior to the date of transfer of original asset

7 years ago

Exemption u/s 54F if Process of purchasing plot or constructing house started within a reasonable time prior to the date of…

Income Tax IT Judgement Tax Planning

Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land belonging to assessee’s deceased father

7 years ago

Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land…

Income Tax

Reopen books of account of IL&FS and its group Companies : Supreme Court

7 years ago

Reopen books of account of IL&FS and its group Companies : Supreme Court CL : Where NCLT had allowed application…

Income Tax

Bombay Public Trusts (Second Amendment) Rules, 2019 aims to promote digitization

7 years ago

Bombay Public Trusts (Second Amendment) Rules, 2019 aims to promote digitization Bombay Public Trusts (Second Amendment) Rules, 2019 as notified…

IT Judgement

Bogus purchases – Addition of entire amount of purchase or amount of GP only is acceptable ?

7 years ago

Bogus purchases – Addition of entire amount of purchase or amount of GP only is acceptable ? Overview in short…

Income Tax

How to reply to notice u/s 148 of the Income Tax Act

7 years ago

How to reply to notice u/s 148 of the Income Tax Act Paying your taxes is a good thing, although…

IT Judgement

No bar on collecting higher share premium as valuation certificate prescribes only minimum sum to be collected

7 years ago

No bar on collecting higher share premium as valuation certificate prescribes only minimum sum to be collected IT: Where AO…

Income Tax Latest Update other topic

Price Waterhouse & Co Chartered Accountants LLP (PWC), on Wednesday, resigned as one the Statutory Auditors of Reliance Capital and Reliance Home Finance

7 years ago

Price Waterhouse & Co Chartered Accountants LLP (PWC), on Wednesday, resigned as one the Statutory Auditors of Reliance Capital and…

Income Tax

Be the part of Budget Making Process !! New Finance Minister invited practically implementable ideas

7 years ago

Be the part of Budget Making Process !! New Finance Minister invited practically implementable ideas Hon Finance Minister Ms Nirmala…

Income Tax

Decision making in full swing at FinMin – No extension in the terms of Adhoc appointment of few officers as JCIT

7 years ago

Decision making in full swing at FinMin – No extension in the terms of Adhoc appointment of few officers as…

IT Judgement

Landmark Judgement in favor of Revenue : Delay in filing TDS return continued beyond 1-6-2015 – Late fee u/s 234E applicable

7 years ago

Landmark Judgement in favor of Revenue : Delay in filing TDS return continued beyond 1-6-2015 – Late fee u/s 234E…

IT Judgement

spontaneous growth such as wild growth of trees in a forests do not constitute agricultural activity.: SC

7 years ago

spontaneous growth such as wild growth of trees in a forests do not constitute agricultural activity.: SC The Commissioner…

IT Judgement

“Had there not been survey, the assessee would not have offered such undisclosed income, penalty under section 271(1)(c) was correctly levied by AO. ” RAJKOT ITAT

7 years ago

“Had there not been survey, the assessee would not have offered such undisclosed income, penalty under section 271(1)(c) was correctly…

Income Tax

Profit earned by the assessee from sale of land is to be assessed as business income or Capital Gain?

7 years ago

Profit earned by the assessee from sale of land is to be assessed as business income or Capital Gain? Smt.…

Income Tax

Gain arising on sale of agricultural land – Few Interesting Issues

7 years ago

Gain arising on sale of agricultural land – Few Interesting Issues Profit from sale of agricultural land is tax free…

IT Judgement

Validity of disallowance of Expenditure against exempt income on conversion of shares held as opening stock to investments by assessee

7 years ago

Validity of disallowance of Expenditure against exempt income on conversion of shares held as opening stock to investments by assessee…

IT Judgement

Validity of Addition towards share premiumt On the ground that the company could not command huge share premium

7 years ago

Validity of Addition towards share premiumt On the ground that the company could not command huge share premium Overview: Once…

IT Judgement

Beneficial judgement for taxpayers : Reassessment merely on the basis of Information emanated from investigation wing without application of mind is void

7 years ago

Beneficial judgement for taxpayers : Reassessment merely on the basis of Information emanated from investigation wing without application of mind…

Income Tax

Exemption u/s 54F if Process of purchasing plot or constructing house started within a reasonable time prior to the date of transfer of original asset

Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land belonging to assessee’s deceased father

Reopen books of account of IL&FS and its group Companies : Supreme Court

Bombay Public Trusts (Second Amendment) Rules, 2019 aims to promote digitization

Bogus purchases – Addition of entire amount of purchase or amount of GP only is acceptable ?

How to reply to notice u/s 148 of the Income Tax Act

No bar on collecting higher share premium as valuation certificate prescribes only minimum sum to be collected

Price Waterhouse & Co Chartered Accountants LLP (PWC), on Wednesday, resigned as one the Statutory Auditors of Reliance Capital and Reliance Home Finance

Be the part of Budget Making Process !! New Finance Minister invited practically implementable ideas

Decision making in full swing at FinMin – No extension in the terms of Adhoc appointment of few officers as JCIT

Landmark Judgement in favor of Revenue : Delay in filing TDS return continued beyond 1-6-2015 – Late fee u/s 234E applicable

spontaneous growth such as wild growth of trees in a forests do not constitute agricultural activity.: SC

“Had there not been survey, the assessee would not have offered such undisclosed income, penalty under section 271(1)(c) was correctly levied by AO. ” RAJKOT ITAT

Profit earned by the assessee from sale of land is to be assessed as business income or Capital Gain?

Gain arising on sale of agricultural land – Few Interesting Issues

Validity of disallowance of Expenditure against exempt income on conversion of shares held as opening stock to investments by assessee

Validity of Addition towards share premiumt On the ground that the company could not command huge share premium

Beneficial judgement for taxpayers : Reassessment merely on the basis of Information emanated from investigation wing without application of mind is void

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