• Income Tax

Property received from relative is exempt u/s 56(2)(x) cannot be taxed u/s 68 indirectly

11 months ago

Receipt of immovable property from relative is not taxable u/s 56(2)(x) and cannot be brought o tax u/s 68 for…

  • CA CS CMA

NFRA issues points of compliance by auditor for maintenance, archival & submission of Audit File

11 months ago

Maintenance, archival and submission of Audit File to National Financial Reporting Authority (NFRA) - Points of compliance by the audit…

  • Income Tax

Rejecting condonation of delay without verifying medical certificates – order set aside

11 months ago

Rejecting condonation of delay and dismissing appeal without verifying medical certificates – ITAT sets aside order of CIT(A) In a…

  • Income Tax

Common Area Maintenance Charges not rent liable to TDS u/s 194-I – SLP dismissed

11 months ago

Common Area Maintenance (CAM) Charges cannot, by any stretch, be construed as payment of rent liable to TDS under section…

  • Income Tax

Order u/s 148A(d) stating audit objection, ignoring reply is non application of mind – SC

11 months ago

SC upheld that merely producing audit objection in order u/s 148A(d) ignoring reply of assessee is non application of mind…

  • Insurance

In insurance claim if damage caused by fire, reasons how fire took place are irrelevant

11 months ago

In an insurance claim if it is established that damage was caused by fire, then reasons by which the fire…

  • Income Tax

CBDT assigns jurisdiction of CIT(Appeals) for assessments u/s 132, 132A u/s 133A or penalty

11 months ago

CBDT assigns jurisdiction of CIT(Appeals) in pursuance of assessments completed in pursuance to search u/s 132, requisition u/s 132A or…

  • Income Tax

No immunity from prosecution u/s 276B merely because TDS was deposited belatedly

11 months ago

Assessee cannot be granted immunity from prosecution u/s 276B for late deposit of TDS merely because ultimately TDS was deposited…

  • Income Tax

Section 44C applies to exclusive expenditure by head office by non resident assessee – SC

11 months ago

Section 44C applies to exclusive expenditure on head office for the Indian branches incurred by non resident assessee’s. In a…

  • Insurance

MV Act Compensation to parents of child died is at different footing than disabled child

11 months ago

Compensation under motor vehicle Act to parents of child died attract a less multiplier than from that of a claim…