Income Tax

Income tax raid & validity of -Assessment u/s 153C on the basis of documents seized in case of third party which does not mention assesse’s name in any legal paper and no relationship is established with searched party

7 years ago

Income tax raid & validity of –Assessment u/s 153C on the basis of documents seized in case of third party…

Income Tax

Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement

7 years ago

Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement Overview: As…

Company Law Income Tax salary

Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197

7 years ago

Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197 (Pdf-embedder…

Income Tax

Non issuance of PAN within time amount to deficiencies of service

7 years ago

Non issuance of PAN within time amount to deficiencies of service

Income Tax

test

7 years ago

oooo

Income Tax

Further enhancements in E-Way Bill System

7 years ago

Further enhancements in E-Way Bill System The National Informatics Centre (“NIC”) has introduced certain new enhancements to the E-Way Bill…

Income Tax

Prosecution to businessmen for not filing income tax return

7 years ago

Prosecution to businessmen for not filing income tax return

Income Tax

How long Accounts and Records are required to be preserved under various existing laws – A short Compilation

7 years ago

How long Accounts and Records are required to be preserved under various existing laws – A short Compilation GST- Section…

IT Judgement

Interesting case on Transitional credit if Input tax credit on the basis of documents evidencing payment of duty

7 years ago

Interesting case on Transitional credit if Input tax credit on the basis of documents evidencing payment of duty 2019 TaxPub(GST)…

IT Judgement

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.

7 years ago

Beneficial interpretation : Even capital gain computed u/s 50 is eligible for capital gain exemption u/s 54F. It’s an interesting…

IT Judgement

Body of Individuals not eligibile to claim exemption under section 11 if not registered

7 years ago

Body of Individuals not eligibile to claim exemption under section 11 if not registered Body of Individuals not eligibile to…

Income Tax

CBDT Clarified – Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA

7 years ago

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…

Income Tax

For penalty u/s 271(1)(c), the specific ground which forms the foundation has to be spelt out in clear terms.

7 years ago

For penalty u/s 271(1)(c), the specific ground which forms the foundation has to be spelt out in clear terms. When…

Income Tax

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)

7 years ago

When assessee had substantial mixed funds comprising of internal and external funds to take care of the investments, no disallowance…

Income Tax

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

7 years ago

When the Tribunal itself has recorded conflicting findings of the AO and the CIT(A) and the High Court has overlooked…

Income Tax

No penalty on Income Tax Department for delay in release of utility for filing ITR – Letter by Honest Taxpayer

7 years ago

No penalty on Income Tax Department for delay in release of utility for filing ITR – Letter by Honest Taxpayer…

GST House propery

Interesting Ruling on Pure Agent

7 years ago

Interesting Ruling on Pure Agent *Ruling on Pure Agent* Authority for Advance Ruling, Maharashtra has replied that the conditions as…

Income Tax IT Judgement Miscellaneous

One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income

7 years ago

One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt…

Income Tax

Income tax raid & validity of -Assessment u/s 153C on the basis of documents seized in case of third party which does not mention assesse’s name in any legal paper and no relationship is established with searched party

Exemption under section 10(37) available on Compulsory acquisition of agricultural land even if it is through negotiated settlement

Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197

Non issuance of PAN within time amount to deficiencies of service

test

Further enhancements in E-Way Bill System

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

Interesting case on Transitional credit if Input tax credit on the basis of documents evidencing payment of duty

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.

Body of Individuals not eligibile to claim exemption under section 11 if not registered

CBDT Clarified – Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA

For penalty u/s 271(1)(c), the specific ground which forms the foundation has to be spelt out in clear terms.

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 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

No penalty on Income Tax Department for delay in release of utility for filing ITR – Letter by Honest Taxpayer

Interesting Ruling on Pure Agent

One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income

Recent Posts

Recent Posts

Sign Up to New letter