Amalgamation expenses not to be allowed as business expenses
Amalgamation expenses not to be allowed as business expenses ITAT, Ahemdabad in the case of Ambalal Sarabhai Enterprises Ltd…
Income Tax
Can the authorised officer break open the lock of the door during the course of income tax search proceedings?
Can the authorised officer break open the lock of the door during the course of income tax search proceedings? 1. …
Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter
Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter…
Disallowance requires a direct nexus – No disallowance of expenses u/s 14A for exempt dividend income when investments were made in earlier years
Disallowance requires a direct nexus – No disallowance of expenses u/s 14A for exempt dividend income when investments were made…
The notice issued under Section 148A(d) to a deceased person was void ab initio: Delhi HC
The notice issued under Section 148A(d) to a deceased person was void ab initio: Delhi HC The Delhi High…
Issues not considered in original assessment – Reassessment proceeding not illegal: Bombay HC
Issues not considered in original assessment – Reassessment proceeding not illegal: Bombay HC Bombay High Court: Sanjay Ratra WP…
Reduction of capital constitutes a ‘transfer’ of capital assets under Section 2(47) of the Income Tax: Supreme Court
Reduction of capital constitutes a ‘transfer’ of capital assets under Section 2(47) of the Income Tax: Supreme Court The Supreme…
Non-payment of additional tax – Whether return filed under section 139(8A) can be treated as defective?
Non-payment of additional tax – Whether return filed under section 139(8A) can be treated as defective? As per the…
House property construction not done due to litigation, Capital gain exemption cannot be denied
House property construction not done due to litigation, Capital gain exemption cannot be denied ITAT Bangalore in the case…
Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income
Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income Recently, ITAT Delhi…
New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions
New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions [Query 1] I have read in your…
Extension of house is also eligible for capital gain exemption.
Extension of house is also eligible for capital gain exemption. Recently ITAT Chennai in the case of Chandra Bhavani…
ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of mind
ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of…
Legality of the Notice in the name of dead person
Legality of the Notice in the name of dead person In a recent judgment dated 28.11.2024 in the case…
Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled
Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled In a surprising turn, the Bangalore ITAT…
Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers.
Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers. Provisions of Section…
Reasonable Opportunity of Being Heard is a condition precedent before transfer of case from one AO to other U/s 127
Reasonable Opportunity of Being Heard is a condition precedent before transfer of case from one AO to other U/s 127…
Section 159 applies only if reassessment notice is issued before Assessee’s death:
Section 159 applies only if reassessment notice is issued before Assessee’s death: Late Sh. Lal Chand Verma vs. Union…
