Even temporary transfer attracts capital gain
Even temporary transfer attracts capital gain RAJENDRA MINING SYNDICATE vs. COMMISSIONER OF INCOME TAX HIGH COURT OF ANDHRA PRADESH Chandra…
Income Tax
CBDT Action plans for the first Quarter of FY 2019-20 stipulates auction sale of 20% properties attached till 31.03.2019 per TRO
CBDT Action plans for the first Quartner of FY 2019-20 stipulates auction sale of 20% properties attached till 31.03.2019 per…
ITC on passenger vehicles shall be available when those are leased to vendors on rent.
ITC on passenger vehicles shall be available when those are leased to vendors on rent : AAR, Madhya Pradesh : (Narsimha…
Interesting case- If there is no incriminating material found during the course of search AO cannot make any addition on the basis of information called during assessment proceeding.
Interesting case- If there is no incriminating material found during the course of search AO cannot make any addition on…
Date of allotment is the date of purchase for capital gain computation & exemption: Mumbai ITAT
Any Land or Building sold after a holding period of more than 2 years is considered as Long Term Capital…
Forex fluctuation gains on loan taken for purchase of ships entitled to benefit of tonnage taxation scheme Inbox x
Forex fluctuation gains on loan taken for purchase of ships entitled to benefit of tonnage taxation scheme Principal Commissioner of…
Revisionary proceedings could be initiated by CIT if view taken by AO was clearly unsustainable in law
Revisionary proceedings could be initiated by CIT if view taken by AO was clearly unsustainable in law Assessing Officer accepted…
Know the Changes in Income Tax Form For AY 2019-20
1. If the taxpayer is a director in a company at any time during the tax year, following details need…
Interest income is not seperately assessable & can be adjusted against interest expenditure incurred by the assessee
Interest income is not seperately assessable & can be adjusted against interest expenditure incurred by the assessee Marvel Vivacity Condominium…
Kerala Cricket Association Vs Addl CIT – Whether Writ Courts are not expected to dispose of the entire appeal merely on the basis of their decision on any particular issue under consideration?
Kerala Cricket Association Vs Addl CIT – Whether Writ Courts are not expected to dispose of the entire appeal merely…
CIT(A) can not refuse to adjudicate the additional grounds raised by the assessee if directed by ITAT
CIT(A) can not refuse to adjudicate the additional grounds raised by the assessee if directed by ITAT Agrico Fincap Ltd…
Addition is justified u/s 68 as shares issued at huge premium were subscribed by persons having nominal income
Addition is justified u/s 68 as shares issued at huge premium were subscribed by persons having nominal income ITAT justified…
Extension of Filing of one time return in DPT -3 Form
Extension of Filing of one time return in DPT -3 Form As per Rule 16A(3) of the Companies (Acceptance of…
Premium paid on acquisition of securities can be amortized if they are acquired at a rate higher than the face value
Premium paid on acquisition of securities can be amortized if they are acquired at a rate higher than the face…
Indians going abroad & Taxation thereof
Indians going abroad & Taxation thereof Number of students & others going abroad is on the rise. The question arises…
Interesting Judgement: Period of holding commences from the date of agreement to purchase and date of possession is irrelevant .
Interesting Judgement: Period of holding commences from the date of agreement to purchase and date of possession is irrelevant .…
Forget sale deed. Compute capital gain from the date of agreement- Interesting case in favor of taxpayer
Forget sale deed. Compute capital gain from the date of agreement- Interesting case in favor of taxpayer An interesting case…
Deferrement of SA 701 by 2 years
Deferrement of SA 701 by 2 years No. 01/33/2013-CL.V (Pt.) Government of India Ministry of Corporate Affairs 5th Floor, A…
