IT JudgementIs agricultural land is necessary for earning Agricultural Income?14 Jul 20180Is agricultural land is necessarily for earning Agricultural Income? COMMISSIONER OF INCOME TAX vs. MATUBHAI C. PATEL Normally it is…
IT JudgementAssessee entitled to deduction of the interest that was paid to the bonus on overdraft from Dividend Income?14 Jul 20180COMMISSIONER OF INCOME TAX vs. MATUBHAI C. PATEL SUPREME COURT OF INDIA Case pertains to 1966-67, 1967-68, 1968-69, 1969-70 Issue:…
IT JudgementCan CIT cancel the registration certificate once granted?14 Jul 20180Can CIT cancel the registration certificate once granted? INDUSTRIAL INFRASTRUCTURE DEVELOPMENT CORPORATION (GWALIOR) M.P. LTD. vs. COMMISSIONER OF INCOME TAX…
IT JudgementIncome from production and sale of Mushroom is ‘Agricultural income’?14 Jul 20180Income from production and sale of Mushroom is ‘Agricultural income’? DEPUTY COMMISSIONER OF INCOME TAX & ANR. vs. INVENTAA INDUSTRIES…
IT JudgementAddition u/s 68 is justified where the assessee discharges its initial onus?14 Jul 20180Addition u/s 68 is justified where the assessee discharges its initial onus? INCOME TAX OFFICER vs. XO INFOTECH LTD. DELHI…
IT JudgementEVEN IF TDS CREDIT IS NOT CLAIMED IN ITR FILED, STILL CREDIT CAN BE CLAIMED AFTERWARDS:MUMBAI ITAT13 Jul 20180EVEN IF TDS CREDIT IS NOT CLAIMED IN ITR FILED, STILL CREDIT CAN BE CLAIMED AFTERWARDS:MUMBAI ITAT There are various…
Tax PlanningHave you done Retirement Planning?13 Jul 20180Have you done Retirement Planning? In day to day life, everyone wants to save for the purpose future so that…
Gst ActsIncome TaxRATE OF TAX UNDER GST ON EXPENSES DEBITED TO TRADING, PROFIT & LOSS ACCOUNT13 Jul 20180 RATE OF TAX UNDER GST ON EXPENSES DEBITED TO TRADING, PROFIT & LOSS ACCOUNT Nature of Expense Rate of Tax…
IT JudgementAssessee is liable to deduct TDS on payment made to foreign commission agents?13 Jul 20180Assessee is liable to deduct TDS on payment made to foreign commission agents? DEPUTY COMMISSIONER OF INCOME TAX vs. THE…
Income TaxLaw Ministry seeks applications for appointment of Judicial and Accountant members in ITAT13 Jul 20180Law Ministry seeks applications for appointment of Judicial and Accountant members in ITAT The Ministry of Law and Justice issues…
IT JudgementAdditions can be made on account of sales of transaction?13 Jul 20180ASSISTANT COMMISSIONER OF INCOME TAX vs. TIRUPATI INFRABUILD P. LTD. ISSUE Whether additions can be made on account of sales…
ArticleIncome TaxMODES OF ENTRY INTO INTERNATIONAL MARKET13 Jul 20180MODES OF ENTRY INTO INTERNATIONAL MARKET WHY INTERNATIONAL BUSINESS? About a century ago,…
IT JudgementWhether employer is bound to deduct Tax at source for Foreign country travel of employees?12 Jul 20180Employer is bound to deduct Tax at source for Foreign country travel of employees? STATE BANK OF INDIA & ORS.…
IT JudgementEntertainment subsidy received under government scheme is a capital receipt?12 Jul 20180 Entertainment subsidy received under government scheme is a capital receipt? DEPUTY COMMISSIONER OF INCOME TAX vs. SHIPRA HOTELS LTD.…
Income TaxSteps taken for Reducing Tax Litigations12 Jul 20180Steps taken for Reducing Tax Litigations (from department side) The government today hiked the threshold limit for tax departments to…
IT JudgementOriginal assessment can be re-assessed because of change of opinion?12 Jul 20180Original assessment can be re-assessed because of change of opinion? INCOME TAX OFFICER vs. TECHSPAN INDIA PRIVATE LTD. & ANR.…
IT JudgementMere disclosure is enough for satisfying the authority?12 Jul 20180TAPAN KUMAR DUTTA vs. COMMISSIONER OF INCOME TAX ISSUE Mere disclosure made by assessee before the authority can be the…
ArticleJOURNEY OF TAXATION IN HUMAN LIFE…12 Jul 20180JOURNEY OF TAXATION IN HUMAN LIFE… In this article, I will try to correlate importance of tax planning in our…