Whether exemption in the case of leave encashment is applicable to resignation too?
Whether exemption in the case of leave encashment is applicable to resignation too? 1. As per Section 10(10AA) of the…
Income Tax
Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court
Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court …
The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification
The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification The Hon’ble Bombay…
Joint Development Agreement & Reduced LTCG rate of 12.50%
Joint Development Agreement & Reduced LTCG rate of 12.50%. Joint Development Agreement (JDA) has emerged as a popular and…
Only official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of the Income Tax Act: Delhi HC
Only official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of…
Statement recorded during Survey u/s 133A has no evidentiary value – Any admission made merely on the basis of statement is illegal
Statement recorded during Survey u/s 133A has no evidentiary value – Any admission made merely on the basis of statement…
An investor of ‘Capital Gain Tax Exemption Bonds’ cannot seek premature withdrawal through judicial intervention: Delhi HC
An investor of ‘Capital Gain Tax Exemption Bonds’ cannot seek premature withdrawal through judicial intervention: Delhi HC Facts: 1.…
Once a matter is dropped at ASMT-10 level, no further proceedings can be initiated u/s 74
Once a matter is dropped at ASMT-10 level, no further proceedings can be initiated u/s 74 In a landmark…
PCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court
PCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court…
Individuals Paying More Taxes than Corporates
Individuals Paying More Taxes than Corporates A recent report shows that individuals pay more taxes than the corporate. The…
NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and Observation by Bombay High Court
NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and…
ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021
ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021…
Adherence to statutory time limits is crucial in tax assessments
Adherence to statutory time limits is crucial in tax assessments Recently, Income Tax Appellate Tribunal, Mumbai in the case…
Sale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC
Sale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC The Delhi High Court recently clarified that…
Addition on the basis of statement recorded has no evidentiary value without any incriminating material
Addition on the basis of statement recorded has no evidentiary value without any incriminating material ITAT Kolakata has reiterated…
Maharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism
Maharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism Darpan Sharma Director – NJ Analysts…
Per Incuriam : A Legal Compass for Ensuring Judicial Consistency
Per Incuriam : A Legal Compass for Ensuring Judicial Consistency The recent Constitution Bench (5 judges) in Bajaj Alliance General Insurance Co. Ltd. [2024 INSC 840] discussed…
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay in filing Return under section 119(2)(b)
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay…
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