Changing Time : CBDT issues guidelines for defending cases at CIT (Appeals)
Changing Time : CBDT issues guidelines for defending cases at CIT (Appeals) The Central Board of Direct Taxes (CBDT) has…
Income Tax
Excluding second house property from Notional Taxation & its side effects.
Excluding second house property from Notional Taxation & its side effects. Housing loan Interest is eligible for deduction…
If assessee fails to furnish documents in support of sources towards credits in capital account guised as gift received from demised father, addition made in this regard is justified
If assessee fails to furnish documents in support of sources towards credits in capital account guised as gift received from…
Bank statements aren’t books maintained by assessee; section 68 additions not sustainable.
Bank statements aren’t books maintained by assessee; section 68 additions not sustainable. Amitabh Bansal v. ITO – [2019] 102 taxmann.com 229 (Delhi…
MCA annoyed over ICAI issuance of clarification on rotation – Instructed to withdraw the same
MCA annoyed over ICAI issuance of clarification on rotation – Instructed to withdraw the same I am directed to refer…
No exemption u/s 54F if net consideration not utilized for deposit before due date specified u/s 139(1).
No exemption u/s 54F if net consideration not utilized for deposit before due date specified u/s 139(1). Assessee is not…
No Penalty u/s 271AAA if Revenue itself failed to question in statement u/s 132 (4) the manner of deriving such income
No Penalty u/s 271AAA if Revenue itself failed to question in statement u/s 132 (4) the manner of deriving such…
Filing of budget is a reportable matter for auditors under Bombay Public Trust Rules, 1951.
Filing of budget is a reportable matter for auditors under Bombay Public Trust Rules, 1951. Its an mportant compliance in…
Onus is on assessee to prove identity & creditworthiness of subscribers of share capital
Onus is on assessee to prove identity & creditworthiness of subscribers of share capital ITO vs. Yadu Steels & Power…
Interesting case: An adjournment cannot be sought on the ground that Counsel is out of station
Interesting case: An adjournment cannot be sought on the ground that Counsel is out of station Ram Siromani Tripathi vs.…
Conversion of Cumulative compulsory convertible preference shares into equity shares is not a transfer
Conversion of Cumulative compulsory convertible preference shares into equity shares is not a transfer Periar Trading Company Private Limited Vs…
Absence of reasons on a factual issue in order of ITAT which was final authority on facts is itself a substantial question of law.
Absence of reasons on a factual issue in order of ITAT which was final authority on facts is itself a…
Issue & Service of Notice U/s. 148 is to be complied mandatorily: ITAT
Issue & Service of Notice U/s. 148 is to be complied mandatorily: ITAT Charan Singh Vs ITO (ITAT Jaipur) ITA…
Misconduct Proceedings against CA for Sexual Harrassment is valid : HC
Misconduct Proceedings against CA for Sexual Harrassment is valid : HC Lalit Agrawal Vs ICAI & ANR (Delhi High Court)…
Pre-commencement Interest income is capital receipt
Pre-commencement Interest income is capital receipt Assessee’s have been incorporated on 03-01-2011 with the object of generation of electricity from…
Immediate compliance to be done by Companies
Immediate compliance to be done by Companies Immidiate Deadlines for Companies Sr. No Compliance to be done…
Various Perquisites Given Under The Income Tax 1961
Various Perquisites Given Under The Income Tax 1961 In India employees get many types of perquisite which are given…
Temporary discontinuance of business & deduction of business expenditure
Temporary discontinuance of business & deduction of business expenditure An overview: As intention of assessee to resume business was…
