Filters

ITAT: Ownership of several flats under JDA is eligible for Capital Gain Exemption

CA Bimal Jain October 19 2021 @ 1:10 PM

ITAT: Ownership of several flats under JDA is eligible for Capital Gain Exemption In Sri Ganga Poorna Prasad v. The Assistant Commissioner o...

Read More

Substantial costs should be recovered from AOs salary if Income Tax assessment order not made as per procedure

Team Studycafe October 18 2021 @ 5:13 PM

Substantial costs should be recovered from AOs salary if Income Tax assessment order not made as per procedure IN THE HIGH COURT OF JUDICATU...

Read More

Irrecoverable loss incurred due to bad weather and technical snags would be considered as Revenue Loss

CA Bimal Jain October 15 2021 @ 7:30 PM

Irrecoverable loss incurred due to bad weather and technical snags would be considered as Revenue Loss The Hon’ble Income Tax Appellate Tr...

Read More

ITAT: Telecom Distributor is exempt from TDS on Commission given directly to Retailers by Service Provider

CA Bimal Jain October 13 2021 @ 6:05 PM

ITAT: Telecom Distributor is exempt from TDS on Commission given directly to Retailers by Service Provider In Laxmi D. Gupta v. ITO, Mumbai ...

Read More

ITAT: Addition made solely on the basis of one dummy director not sustainable

CA Bimal Jain October 13 2021 @ 4:21 PM

ITAT: Addition made solely on the basis of one dummy director not sustainable In M/S. Frost Falcon Distilleries v. DCIT, Haryana [ITA No.771...

Read More

Allahabad HC quashes Reassessment proceedings u/s 148 of the Income tax Act initiated from April 01, 2021

CA Bimal Jain October 9 2021 @ 6:22 PM

Allahabad HC quashes Reassessment proceedings u/s 148 of the Income tax Act initiated from April 01, 2021 In Ashok Kumar Agarwal v. Union of...

Read More

No addition can be made u/s 153A & 153C if If no incriminating material was found during the course of the search

Team Studycafe October 9 2021 @ 5:10 PM

No addition can be made u/s 153A & 153C if If no incriminating material was found during the course of the search If no incriminating ma...

Read More

Deduction u/s 37 of the Finance Act, 2014 allowed on safety and work environment expenditure

Team Studycafe October 9 2021 @ 4:59 PM

Deduction u/s 37 of the Finance Act, 2014 allowed on safety and work environment expenditure Expenditure towards the safety and work environ...

Read More

Assessment Order quashed on ground of Non-Disposal of Objections filed by Assessee

CA Bimal Jain October 9 2021 @ 10:32 AM

Assessment Order quashed on ground of Non-Disposal of Objections filed by Assessee In P.H. Chandrashekar v. ITO Ward-1(2) [C.O. No.106/Bang/...

Read More

Genuine issue of Shares to Shareholders not to be considered under Anti-Abuse Provisions of the IT Act

CA Bimal Jain October 9 2021 @ 9:55 AM

Genuine issue of Shares to Shareholders not to be considered under Anti-Abuse Provisions of the IT Act In Income Tax Officer v. Shri Rajeev ...

Read More