Reopen books of account of IL&FS and its group Companies : Supreme Court
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
Bombay Public Trusts (Second Amendment) Rules, 2019 aims to promote digitization Bombay Public Trusts (Second Amendment) Rules, 2019 as notified…
Bogus purchases – Addition of entire amount of purchase or amount of GP only is acceptable ?
Bogus purchases – Addition of entire amount of purchase or amount of GP only is acceptable ? Overview in short…
How to reply to notice u/s 148 of the Income Tax Act
How to reply to notice u/s 148 of the Income Tax Act Paying your taxes is a good thing, although…
No bar on collecting higher share premium as valuation certificate prescribes only minimum sum to be collected
No bar on collecting higher share premium as valuation certificate prescribes only minimum sum to be collected IT: Where AO…
Price Waterhouse & Co Chartered Accountants LLP (PWC), on Wednesday, resigned as one the Statutory Auditors of Reliance Capital and Reliance Home Finance
Price Waterhouse & Co Chartered Accountants LLP (PWC), on Wednesday, resigned as one the Statutory Auditors of Reliance Capital and…
Be the part of Budget Making Process !! New Finance Minister invited practically implementable ideas
Be the part of Budget Making Process !! New Finance Minister invited practically implementable ideas Hon Finance Minister Ms Nirmala…
Decision making in full swing at FinMin – No extension in the terms of Adhoc appointment of few officers as JCIT
Decision making in full swing at FinMin – No extension in the terms of Adhoc appointment of few officers as…
Landmark Judgement in favor of Revenue : Delay in filing TDS return continued beyond 1-6-2015 – Late fee u/s 234E applicable
Landmark Judgement in favor of Revenue : Delay in filing TDS return continued beyond 1-6-2015 – Late fee u/s 234E…
spontaneous growth such as wild growth of trees in a forests do not constitute agricultural activity.: SC
spontaneous growth such as wild growth of trees in a forests do not constitute agricultural activity.: SC The Commissioner…
“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
“Had there not been survey, the assessee would not have offered such undisclosed income, penalty under section 271(1)(c) was correctly…
Profit earned by the assessee from sale of land is to be assessed as business income or Capital Gain?
Profit earned by the assessee from sale of land is to be assessed as business income or Capital Gain? Smt.…
Gain arising on sale of agricultural land – Few Interesting Issues
Gain arising on sale of agricultural land – Few Interesting Issues Profit from sale of agricultural land is tax free…
Validity of disallowance of Expenditure against exempt income on conversion of shares held as opening stock to investments by assessee
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
Validity of Addition towards share premiumt On the ground that the company could not command huge share premium Overview: Once…
Beneficial judgement for taxpayers : Reassessment merely on the basis of Information emanated from investigation wing without application of mind is void
Beneficial judgement for taxpayers : Reassessment merely on the basis of Information emanated from investigation wing without application of mind…
Capital gains exemption if plot purchase & house construction started prior to the date of transfer of original asset
Capital gains exemption if plot purchase & house construction started prior to the date of transfer of original asset Overview…
12 very senior officers of rank of Chief Commissioners, Principal Commissioners, Commissioners of Income Tax department given compulsorily retirement under Rule 56 by Finance Ministry
*12 very senior officers of rank of Chief Commissioners, Principal Commissioners, Commissioners of Income Tax department given compulsorily retirement under…