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Land cannot be Capital Asset when assessee has not incurred any ‘cost of acquisition’: ITAT

CA Pratibha Goyal September 19 2022 @ 1:04 PM

Land cannot be Capital Asset when assessee has not incurred any ‘cost of acquisition’: ITAT Briefly stated, the relevant material facts ...

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TDS u/s 194C do not apply on payments made to agents of foreign shipping companies

CA Pratibha Goyal September 17 2022 @ 7:26 PM

TDS u/s 194C do not apply on payments made to agents of foreign shipping companies This appeal by the Revenue is preferred against the order...

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Penalty u/s 271(1)(c) for filing inaccurate particulars of income does not arise when assessee filed Revised ITR

CA Pratibha Goyal September 17 2022 @ 6:50 PM

Penalty u/s 271(1)(c) for filing inaccurate particulars of income does not arise when assessee filed Revised ITR The present appeal has been...

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Penalty due Non-Compliance of Income Tax Notice levied on assessee due to non-cooperation of Tax Professional deleted

CA Pratibha Goyal September 17 2022 @ 6:38 PM

Penalty due Non-Compliance of Income Tax Notice levied on assessee due to non-cooperation of Tax Professional deleted The brief facts of the...

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Disallowance u/s 14A cannot be made just because separate accounts of tax free investment are not maintained: SC

CA Pratibha Goyal September 8 2022 @ 7:49 PM

Disallowance u/s 14A cannot be made just because separate accounts of tax free investment are not maintained: SC The Apex Court in the matte...

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Unexplained Money: Sec 69A not applicable on deposits accepted by Co-operative Society from its members

CA Pratibha Goyal September 6 2022 @ 7:46 PM

Unexplained Money: Sec 69A not applicable on deposits accepted by Co-operative Society from its members The present appeal has been filed by...

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How to Calculate Indexed Cost of Acquisition for the Purpose of Computation of Long-Term Capital Gain

Meetu Kumari August 29 2022 @ 9:10 AM

How to Calculate Indexed Cost of Acquisition for the Purpose of Computation of Long-Term Capital Gain The assessee is an individual and has ...

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Remedy for claiming condonation of delay in Filing ITR lies with CBDT and not ITAT: High Court

Studycafe Admin August 6 2022 @ 4:14 PM

Remedy for claiming condonation of delay in Filing ITR lies with CBDT and not ITAT: High Court Delhi High Court in the matter of Sudipta Bas...

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Section 54 Deduction on multiple residential houses holds good till these units are in the same physical location: ITAT

Meetu Kumari August 4 2022 @ 2:02 PM

Section 54 Deduction on multiple residential houses holds good till these units are in the same physical location: ITAT The assessee, a non-...

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HC Quashes Reassessment Notice alleging Bogus Purchases made from GST Non-Fillers

Meetu Kumari August 3 2022 @ 6:27 PM

HC Quashes Reassessment Notice alleging Bogus Purchases made from GST Non-Fillers The Petitioner filed its return of income for the Assessme...

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