Which companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance?
Which companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance? De-Materialisation…
Income Tax
Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under the ambit of legitimate tax planning and is a colourable device to evade tax: Mumbai ITAT
Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under…
Once a substantive statutory remedy is available, it would not be appropriate for the Court to exercises its extraordinary jurisdiction to entertain this writ petition: Bombay HC
Once a substantive statutory remedy is available, it would not be appropriate for the Court to exercises its extraordinary jurisdiction to entertain…
Issuing of a notice in the name of the correct person and not in the name of a dead person is sine qua none for acquiring the jurisdiction and initiating action under Section 148
Issuing of a notice in the name of the correct person and not in the name of a dead person…
Even if Assessee accepted demonetized notes even after 08/11/2016 and deposited them in bank, addition cannot be made: ITAT Pune
Even if Assessee accepted demonetized notes even after 08/11/2016 and deposited them in bank, addition cannot be made: ITAT Pune In…
Immunity from penalty under section 270AA: Delay in applying immunity from penalties is only a technical breach of procedural law & immunity should be granted as long as the tax is paid
Immunity from penalty under section 270AA: Delay in applying immunity from penalties is only a technical breach of procedural law…
A Short overview of the Direct Tax Vivad se Vishwas Scheme, 2024
A Short overview of the Direct Tax Vivad se Vishwas Scheme, 2024 Finance Act, 2024, has introduced the Direct…
CBDT notifies Rules & Forms for Direct Tax Vivad Se Vishwas Scheme, 2024.
CBDT notifies Rules & Forms for Direct Tax Vivad Se Vishwas Scheme, 2024. CBDT notifies Rules & Forms for…
Procedural non-compliance: Reassessment notices issued under sections 148 and 148A declared invalid by Bombay HC
Procedural non-compliance: Reassessment notices issued under sections 148 and 148A declared invalid by Bombay HC High Court of Bombay…
Rare Conviction for failure to file audit, MD jailed
Rare Conviction for failure to file audit, MD jailed The copy of the order is as under: WhatsApp…
New Procedural Aspects of Block Assessments:
New Procedural Aspects of Block Assessments: A. Introduction: Block Assessment provisions were introduced in Finance Act 2024, in order…
Presumptive Scheme of Taxation – Not a license to declare lower income
Presumptive Scheme of Taxation – Not a license to declare lower income Query 1] 1. I would like to know…
When it has been established that unsecured loans are accommodation entries, mere repayment is not a ground to drop the addition U/S 68: Mumbai ITAT
When it has been established that unsecured loans are accommodation entries, mere repayment is not a ground to drop the…
Direct Tax Vivad Se Vishwas Scheme, 2024: A Comprehensive Guide
Direct Tax Vivad Se Vishwas Scheme, 2024: A Comprehensive Guide The Central Board of Direct Taxes (CBDT) has officially notified…
Taxability of transfer fees:
Taxability of transfer fees: 1. A co-operative housing society (hereinafter also referred to as ‘Society’) here, includes all Societies…
Interest earned on damages awarded through a decree of a court is a revenue receipt chargeable to tax in India while damages itself will not be chargeable.
Interest earned on damages awarded through a decree of a court is a revenue receipt chargeable to tax in India…
Issuance of notice under section 143(2) is mandatory: Procedural lapse is fatal and cannot be cured
Issuance of notice under section 143(2) is mandatory: Procedural lapse is fatal and cannot be cured Here is an…
Carry forward of losses in the case of takeover of a company undergoing NCLT proceedings:
Carry forward of losses in the case of takeover of a company undergoing NCLT proceedings: Introduction to Sec 79:…
