• Black Money

Income Declaration Scheme 2016 for domestic black money open from 01/06/2016. Tax Rate is 30% + Krishi Kalyan Cess 25% + Penalty 25% = Total 45%

10 years ago

The Income Declaration Scheme 2016 for domestic black money to open from 1st June 2016. Ministry of Finance-Press Release dated…

  • Income Tax

FMV-No approach road and weaker sections society in colony. DVO directed to give 30% adjustments in calculating fair market value for disadvantnages-ITAT

10 years ago

FMV-No approach road and weaker sections society in colony. DVO directed to give 30% adjustments in calculating fair market value…

  • Income Tax

Deemed consideration us 50C eligible for 54F exemption for capital gain purpose. Net consideration include Fair market value under deeming fiction

10 years ago

Deemed consideration us 50C eligible for 54F exemption for capital gain purpose. Net consideration include Fair market value under deeming…

  • Income Tax

DVO Reference us 50C2 must when assessee requested. It was wrong to say that since stamp value was not challenged there was no such need-ITAT

10 years ago

DVO Reference us 50C2 must when assessee requested. It was wrong to say that since stamp value was not challenged…

  • Income Tax

Bedridden person can have agriculture income, advance loan. Summarily Rejecting creditworthiness despite pattadar passbook without verification wrong-ITAT

10 years ago

Bedridden person can have agriculture income, advance loan. Summarily Rejecting creditworthiness despite pattadar passbook without verification wrong-ITAT. This was held…

  • Income Tax

Legal Heir Registration process for ITR efiling on behalf of deceased person. How to Register?

10 years ago

Legal Heir Registration process for filing Income Tax Return. efiling process on behald of a deceased person The registration of…

  • Income Tax

DVO Valuation report taking 2 Percent per month escalation for determining the value of property relying on none month old sales instance was not based on any Income Tax Rules-ITAT

10 years ago

DVO Valuation report taking 2 Percent per month escalation for determining the value of property relying on nine month old sales…

  • Income Tax

Reopening quashed. AO did not describe how assessee received accommodation entries from operators and paid cash

10 years ago

Reopening us 147 for accommodation entries quashed. AO did not describe how and what manner assessee received entries from operators…

  • Income Tax

Basic Maxims-Principles of Natural Justice. Audi alteram partem, nemo judex in re sua. Order passed without confronting assessee with remand report quashed

10 years ago

Basic Maxims-Principles of Natural Justice. Audi alteram partem, nemo judex in re sua Quoting the above maxim of natural justice…

  • Supreme Court

Juridical seat of Arbitration attracts law of the location. In such cases Part I of the Arbitration Act would not have any application-Supreme Court

10 years ago

Juridical seat of Arbitration attracts law of the location. In such cases Part I of the Arbitration Act would not…