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…
Income Tax
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…
Please Note, Section 80G approval couldn’t be denied just because there was possibility of misuse of donations.
Please Note, Section 80G approval couldn’t be denied just because there was possibility of misuse of donations. [2019] 105 taxmann.com 13 (Amritsar…
No capital gain tax on sum received by partners towards their share in assets on retirement from firm
No capital gain tax on sum received by partners towards their share in assets on retirement from firm No capital…
Where retiring partners were paid sums on reconstitution of assessee-partnership firm in proportion of their share
Whether standard deduction @ 30% of rental income can be allowed while computing income of a trust/institution claiming exemption u/s…
No capital gain tax on sum received by partners towards their share in assets on retirement from firm
No capital gain tax on sum received by partners towards their share in assets on retirement from firm Where retiring…
