• Income Tax

Exemption of pension to disabled armed forces personnel available to all ranks-CBDT

7 years ago

Exemption of pension granted to disabled armed forces personnel available to all ranks but not to those retired on superannuation…

  • Companies Act

No need of Auditor’s certificate in DPT-3 for transactions not considered deposits- MCA

7 years ago

Auditor's certificate on return of deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rule 2014. MCA has clarified…

  • Income Tax

Pending grievances on CPGRAMS /e-Nivaran due to lackadaisical attitude of authorities-CBDT Chairman

7 years ago

Pending grievances on CPGRAMS and e-Nivaran due to lackadaisical attitude of authorities – CBDT Chairman stresses on timely and proper…

  • Income Tax

Addition of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT

7 years ago

Addition on account of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT as…

  • Income Tax

Sale of shares-Capital Gain or business income? ITAT explains the Law in assessee’s favour

7 years ago

Sale of shares-Capital Gain or business income ? ITAT explains law in assessee's favour quoting CBDT Instructions / Circulars and…

  • Income Tax

Revision u/s 263 ordered for dropping penalty proceedings u/s 271(1)(c) set aside

7 years ago

Revision u/s 263 ordered for dropping penalty proceedings u/s 271(1)(c) set aside as AO took a view by adopting a…

  • Income Tax

Foreign travel expenses on visit to trade fair with tourist visa. Disallowance reduced to 50 %

7 years ago

Foreign travel expenditure on visit to trade fair with tourist visa . ITAT restricted disallowance to 50 per cent in…

  • Income Tax

No Addition as unexplained cash credit if loan creditor deposited cash before issue of cheque

7 years ago

No Addition u/s 68 to be made as unexplained cash credit if loan creditor had deposited cash before issue of…

  • Income Tax

Deemed annual value u/s 23 can not be estimated for old, dilapidated house not habitable

7 years ago

Deemed Annual value of old dilapidated house not habitable set aside for verification as deemed provision u/s 23 not applicable…

  • Income Tax

Exemption u/s 10(37) can not be denied merely because sale price was negotiated

7 years ago

Exemption u/s 10(37) for compulsory acquisition not be denied merely because the sale price was fixed through a negotiated settlement…