Ad hoc additions & disallowances cannot be sustained without any specific defect in the books of accounts
Ad hoc additions & disallowances cannot be sustained without any specific defect in the books of accounts Business Expenditure Salary…
Income Tax
ITAT, Mumbai deleted capital gain computation done on the basis of Stamp Duty Valuation
ITAT, Mumbai deleted capital gain computation done on the basis of Stamp Duty Valuation It is mechanically followed by the…
Purchasing A House: Buy it Jointly for Tax Benefits
Purchasing A House: Buy it Jointly for Tax Benefits Does it make sense to buy a property, by registering…
Capital Gain Computation: Renovation expenses not allowed, Brokerage deduction restricted to 2%
Capital Gain Computation: Renovation expenses not allowed, Brokerage deduction restricted to 2% There were 3 issues involved in the case…
Appropriate representation at the assessment level is more relevant and important than at appellate level
Appropriate representation at the assessment level is more relevant and important than at appellate level Appropriate representation at the assessment…
AO cannot reopen to investigate into the source of genuineness and creditworthiness of the investors as it falls within the realm of fishing enquiries which is wholly impermissible in law
AO cannot reopen to investigate into the source of genuineness and creditworthiness of the investors as it falls within the…
CIT is not entitled to withdraw s. 12A registration on the ground that the activities of the trust are no longer charitable after the insertion of the proviso to s. 2(15).
CIT is not entitled to withdraw s. 12A registration on the ground that the activities of the trust are no…
If the predominant purpose is charitable, the earning of profit from an incidental activity like letting of property does not affect the charitable status.
If the predominant purpose is charitable, the earning of profit from an incidental activity like letting of property does not…
AO has to take into account the manner in which the business works, the modalities and manner in which SAP/additional purchase price/final price are decided and determine what amount forms part of the profit: Supreme Court
AO has to take into account the manner in which the business works, the modalities and manner in which SAP/additional…
Ahead of election, Rahul Gandhi promises new tax regime if comes to power.
Ahead of election, Rahul Gandhi promises new tax regime if comes to power. Rahul Gandhi on Tuesday reiterated his promise…
Classification of goods on supply of printed Educational books as per instruction of School Education Department
Classification of goods on supply of printed Educational books as per instruction of School Education Department 2019 TaxPub(GST) 0122 (AAR-Chhatt)…
HC deleted additions as no order was passed by Rent Control Tribunal fixing higher rent of assessee’s premises
HC deleted additions as no order was passed by Rent Control Tribunal fixing higher rent of assessee’s premises [2019] 103 taxmann.com 190…
Maharashtra state withdrawal all sales tax cases
Maharashtra state withdrawal all sales tax cases Maharashtra state withdrawal all sales tax cases Order for withdrawal of pending assessment…
Deductions U/s 80RRB – Patent & Royalty
Deductions U/s 80RRB – Patent & Royalty Deduction u/s 80RRB of Income Tax Act is provided to taxpayers having income…
ESOP: HOLDING PERIOD IS TO BE CALCULATED FROM THE DATE OF GRANT IN CASE OF TRANSFER OF UN-EXERCISED STOCK OPTION
ESOP: HOLDING PERIOD IS TO BE CALCULATED FROM THE DATE OF GRANT IN CASE OF TRANSFER OF UN-EXERCISED STOCK OPTION.…
Before 31st March Ends- Review Tax saving Options
Before 31st March Ends- Review Tax saving Options Before 31st March Ends- Review Tax saving Options 1. Section 80C offers…
Interest on TDS & Service Tax is allowable expenditure
Interest on TDS & Service Tax is allowable expenditure An interesting judgment is delivered by ITAT Kolkata with regard to…
Important Judgment of High Court: Beware of time limit for filing appeal under GST law against GST order passed by GST Authority
Important Judgment of High Court: Beware of time limit for filing appeal under GST law against GST order passed by…
