• Income Tax

It is not uncommon for a lady who is on her own to have cash for emergencies

5 years ago

It is not uncommon for a lady who is on her own to have cash for emergencies. ITAT upholds the…

  • Excise/Custom

Safeguard Duty on Solar cells – The issue is sub judice before Supreme Court – CBIC

5 years ago

Safeguard Duty on Solar cells whether or not assembled inmodules or panels. Issue is sub judice before Supreme Court which…

  • Income Tax

CBDT Withdraws approval u/s 35(1)(ii) of M/s Bioved Research Society, Allahabad for giving bogus entries

5 years ago

CBDT Withdraws approval u/s 35(1)(ii) of M/s Bioved Research Society, Allahabad for giving bogus entries to donors F. No. 203/31/2018-ITA…

  • Income Tax

CBDT grants Retrospective exemption to startup companies from angel tax w.e.f. 19.02.2019

5 years ago

CBDT grants Retrospective exemption to startup companies from angel tax w.e.f. 19.02.2019 - Notification  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD…

  • Income Tax

Cash deposit during demonetisation-AO to complete assessment by 30th June 2019

5 years ago

Substantial cash deposits during demonetisation, AO to complete best judgment assessment by 30th June 2019 where notices u/s 142(1) not…

  • Income Tax

HC erred in relying on set aside order of Settlement Commission & making it  part of order- SC

5 years ago

High Court erred in relying upon previously set aside order of Settlement Commission and making it a part of their…

  • Income Tax

Addition for share capital / premium not proved to AO’s satisfaction-SC outline emerging principles

5 years ago

Assessee legally obliged to prove receipt of share capital/premium to the satisfaction of AO, failure of which justify addition –…

  • Income Tax

Commission paid to employees partakes character of salary for TDS purpose

5 years ago

Commission paid to employees partakes character of salary and TDS is applicable only u/s 192 not under Section 194H –…

  • Income Tax

Assessee alone can decide whether to keep cash in locker or deposit in bank FDR – ITAT

5 years ago

The assessee alone can decide whether to keep cash in locker or deposit in bank FDR. ITAT deleted addition made…

  • Income Tax

Depreciation on fixed assets classified as capital work in progress allowed

5 years ago

Depreciation on fixed assets classified as capital work in progress allowed in the revised return when corresponding income was taxed…