Details to be filled while filing ITR with foreign assets:
Details to be filled while filing ITR with foreign assets: 1. Introduction: If you’re having foreign assets, then you should…
Income Tax
Taxation on Sale of Agricultural Land in India: A Short Overview
Taxation on Sale of Agricultural Land in India: A Short Overview No Income Tax is Payable on sale of…
Addition towards cash deposits during demonetization deleted by ITAT as it was adequately explained based on the facts and nature of the business
Addition towards cash deposits during demonetization deleted by ITAT as it was adequately explained based on the facts and nature…
Stamp duty valuation under Section 50C or 43CA cannot be substituted & only the actual sale consideration should be reduced from WDV for depreciation purposes
Stamp duty valuation under Section 50C or 43CA cannot be substituted & only the actual sale consideration should be reduced…
PAN 2.0 Project Approved – Project outlay of 1435 crores
PAN 2.0 Project Approved – Project outlay of 1435 crores The PAN 2.0 Project enables technology driven transformation of…
The failure to issue a show cause notice constituted a significant procedural defect – Assessment Order quashed by Bombay HC
The failure to issue a show cause notice constituted a significant procedural defect – Assessment Order quashed by Bombay HC…
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…
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:…
