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Income Tax
Further enhancements in E-Way Bill System
Further enhancements in E-Way Bill System The National Informatics Centre (“NIC”) has introduced certain new enhancements to the E-Way Bill…
Prosecution to businessmen for not filing income tax return
Prosecution to businessmen for not filing income tax return
How long Accounts and Records are required to be preserved under various existing laws – A short Compilation
How long Accounts and Records are required to be preserved under various existing laws – A short Compilation GST- Section…
Interesting case on Transitional credit if Input tax credit on the basis of documents evidencing payment of duty
Interesting case on Transitional credit if Input tax credit on the basis of documents evidencing payment of duty 2019 TaxPub(GST)…
Beneficial interpretation : Even capital gain computed u/s 50 is eligible for capital gain exemption u/s 54F. It’s an interesting Income Tax Act -1961.
Beneficial interpretation : Even capital gain computed u/s 50 is eligible for capital gain exemption u/s 54F. It’s an interesting…
Body of Individuals not eligibile to claim exemption under section 11 if not registered
Body of Individuals not eligibile to claim exemption under section 11 if not registered Body of Individuals not eligibile to…
CBDT Clarified – Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA
CBDT Clarified – Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA F.No173/193/2019-ITA-IGovernment of India-Ministry of…
For penalty u/s 271(1)(c), the specific ground which forms the foundation has to be spelt out in clear terms.
For penalty u/s 271(1)(c), the specific ground which forms the foundation has to be spelt out in clear terms. When…
When assessee had substantial mixed funds comprising of internal and external funds to take care of the investments, no disallowance can be made under Rule 8D(2)(ii)
When assessee had substantial mixed funds comprising of internal and external funds to take care of the investments, no disallowance…
When the Tribunal itself has recorded conflicting findings of the AO and the CIT(A) and the High Court has overlooked this fact, it is a fit case for remand
When the Tribunal itself has recorded conflicting findings of the AO and the CIT(A) and the High Court has overlooked…
No penalty on Income Tax Department for delay in release of utility for filing ITR – Letter by Honest Taxpayer
No penalty on Income Tax Department for delay in release of utility for filing ITR – Letter by Honest Taxpayer…
Interesting Ruling on Pure Agent
Interesting Ruling on Pure Agent *Ruling on Pure Agent* Authority for Advance Ruling, Maharashtra has replied that the conditions as…
One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income
One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt…
Harsh Judgment : Get ready , Interest is payable on Gross liability and not net tax after set-off.
Harsh Judgment : Get ready , Interest is payable on Gross liability and not net tax after set-off. Here is…
FMV u/s 50C can be used to compute capital gains only after giving opportunity of being heard to assessee
FMV u/s 50C can be used to compute capital gains only after giving opportunity of being heard to assessee [2019]…
Capital gain u/s 45(4) & Retirement of partners of firm
Capital gain u/s 45(4) & Retirement of partners of firm Capital gains—Applicability of s. 45(4)—Retirement of partners of firm—When a…
Section 50C can’t be applied when property sold under pressure: ITAT Chennai
Section 50C can’t be applied when property sold under pressure: ITAT Chennai CASE LAW DETAILS CASE NAME: Mrs. Krithika Lingappan,…
