Order under section 87A by CIT – Appeal: The Controversy to continue
Order under section 87A by CIT – Appeal: The Controversy to continue Recently, the judgement on section 87A by…
Income Tax
Assessing Officer is not required to examine the commercial expediency of the transaction while evaluating the explanation U/S 68: Delhi HC
Assessing Officer is not required to examine the commercial expediency of the transaction while evaluating the explanation U/S 68: Delhi…
Adding a Name or Writing a Will: The Golden Rules for Property Inheritance
Adding a Name or Writing a Will: The Golden Rules for Property Inheritance [Query 1] I am in the…
Completion of construction not required to claim exemption U/S 54: ITAT Bangalore
Completion of construction not required to claim exemption U/S 54: ITAT Bangalore DCIT Vs Bagalur Krishnaiah Shetty Vijay Shanker…
Taxability of transfers from HUF members to HUF and vice versa:
Taxability of transfers from HUF members to HUF and vice versa: Income Derived as a Member of a HUF:…
No capital gain exemption under section 54F if investment is not in a residential house
No capital gain exemption under section 54F if investment is not in a residential house Delhi HC has dismissed…
No revision u/s 263 if assessment order is neither erroneous nor prejudicial to the interest of revenue
No revision u/s 263 if assessment order is neither erroneous nor prejudicial to the interest of revenue The case…
Penalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned in the board report
Penalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned…
CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB
CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail…
Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?
Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case? Introduction:…
If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.
If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person…
If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC
If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded:…
Joint Development Agreement under the spotlight of the Income Tax Department
Joint Development Agreement under the spotlight of the Income Tax Department In a significant move, the Central Board of…
Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC
Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding:…
Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad
Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad …
AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA
AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai…
CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.
CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs. The CBDT…
How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past
How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past 1. LTCG tax…
