IT JudgementStoring of Fresh Eggs – Whether Agriculture Produce?7 years agoStoring of Fresh Eggs – Whether Agriculture Produce? Shubhlaxmi Cold Storage & Ice Factory (P.) Ltd. – AAR Rajasthan –…
IT JudgementFines and Penalties paid for redemption of goods confiscated for breach of import regulations is not Deductible.7 years agoFines and Penalties paid for redemption of goods confiscated for breach of import regulations is not Deductible Facts : The…
Income TaxThe CBDT should reconsider the direction in the Central Action Plan of offering incentives to CsIT(A) to enhance assessments and levy penalty.: Bombay HC7 years agoThe CBDT should reconsider the direction in the Central Action Plan of offering incentives to CsIT(A) to enhance assessments and…
IT JudgementEnquiry bu CIT for registration u/s 12AA should be restricted to the genuineness of the objects and not the activities unless such activities have commenced.7 years agoEnquiry bu CIT for registration u/s 12AA should be restricted to the genuineness of the objects and not the activities…
Income TaxReasonableness of fee structure of unaided school cannot be compared with the fee structure of Government schools or Govt. aided schools for registration u/s 12AA7 years agoReasonableness of fee structure of unaided school cannot be compared with the fee structure of Government schools or Govt. aided…
Income TaxThere is no requirement that an institution constituted for advancement of any object of general public utility must be registered as a trust for registration u/s 12AA7 years agoThere is no requirement that an institution constituted for advancement of any object of general public utility must be registered…
IT JudgementMinistry of Corporate Affairs (MCA) has exempted incorporation fee for firms having share capital up to Rs 15 lakh.7 years agoMinistry of Corporate Affairs (MCA) has exempted incorporation fee for firms having share capital up to Rs 15 lakh. MCA…
Income TaxIncome-tax Act prevails over Canon Law; Salary received by Nuns/Missionaries is taxable7 years agoIncome-tax Act prevails over Canon Law; Salary received by Nuns/Missionaries is taxable Union of India v. Society of Mary Immaculate…
Income TaxRs. 462 cr given to Anil Ambani by Brother Mukesh Ambani is a Gift or a Loan? Will it be taxed in hands of Anil Ambani?7 years ago Rs. 462 cr given to Anil Ambani by Brother Mukesh Ambani is a Gift or a Loan? Will it be…
Income TaxDonation for specific purpose cannot be considered as income u/s 2(24)(iia)7 years agoDonation for specific purpose cannot be considered as income u/s 2(24)(iia) Touching Heart Ministries Vs. Income Tax Officer (ITAT Visakhapatnam)…
Income TaxUNSYNCRONIZED INCOME TAX PROVISIONS7 years ago UNSYNCRONIZED INCOME TAX PROVISIONS Section 54 When an individual sells a residential property and buys another residential property, he will be…
Income TaxRegistration of trust U/s. 12AA cannot be denied by examining activities instead of objects7 years agoRegistration of trust U/s. 12AA cannot be denied by examining activities instead of objects IN THE ITAT CHENNAI BENCH…
Income Tax64 ITOs reverted to Inspector position7 years ago64 ITOs reverted to Inspector position 64 ITOs reverted to Inspector position
Income TaxWILL- Hassle free mode of passing on the wealth to the legal heir – I7 years agoEveryone knows about the ‘Will’ but not comfortable talking about it. Any suggestion to make a will is considered as if you are…
IT JudgementNo adhoc addition on estimation basis sustainable if assessee submitted every entry of trading account before the Adjudicating Authorities7 years agoNo adhoc addition on estimation basis sustainable if assessee submitted every entry of trading account before the Adjudicating Authorities Hari…
Income TaxICAI Removes Chartered Accountant From Its Register After Finding Him Guilty Of Loan Fraud7 years agoICAI Removes Chartered Accountant From Its Register After Finding Him Guilty Of Loan Fraud Chartered Accountants are governed by CA…
Income TaxWhy Invest in ELSS?7 years agoWhy Invest in ELSS? There are a plethora of savings schemes to help you build your wealth, such as FD, PPF and NSC to name…
IT JudgementNo denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record7 years agoNo denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record [2019]…