• Income Tax

Deduction u/s 10A allowable without setting off of brought forward losses/unabsorbed depreciation

10 years ago

Deduction u/s 10A of the Income Tax Act, 1961 is allowable without setting off of brought forward losses/unabsorbed depreciation.  When there are…

  • SEBI

SEBI-Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default

10 years ago

SEBI-Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default Securities & Exchange Board of India CIRCULAR CIR/IMD/FPIC/39/2016…

  • Income Tax

Assessee not liable to LTCG if land leased to builder for flats and payments received directly by builder

10 years ago

Assessee not liable to Long Term Capital Gain for being registered owner where the land was leased out to a builder…

  • Income Tax

Without change in facts, situation or law, no different stand can be taken. Rent taken as house property income not business

10 years ago

In case there is no change in the facts, situation or in law, the Revenue cannot be allowed to adopt a…

  • Income Tax

Additions made for non furnishing name address details of raddi-wallas for purchases made deleted

10 years ago

Additions made for non furnishing name address details of raddi-wallas for purchases made deleted In case of purchases made from small…

  • SEBI

SEBI-Audit Reports Qualifications Revised Review Procedure. Board Meeting dated 12/03/2016

10 years ago

SEBI-Audit Reports Qualifications Revised Review Procedure. Board Meeting dated 12/03/2016 Securities and Exchange Board of India PR No. 56/2016 SEBI…

  • Income Tax

Peak Negative Cash Balance Addition u/s 69C without giving benefit of capitalisation of sums disclosed in earlier AYs deleted

10 years ago

Unexplained expendiure addition u/s 69C made for peak negative cash balance without giving benefit of capitalisation of sums disclosed in…

  • Income Tax

Deduction 80IC-Manufacturing Plastic Pet Bottles, Jars not negative list item in 13th Schedule

10 years ago

Deduction u/s 80IC available for manufacturing of PET bottles, Caps, jars etc. which are not plastic articles and do not…

  • Income Tax

Non-recovery of income tax demand where tax has been deducted but not deposited by deductor-CBDT

10 years ago

Non-recovery of income tax demand where tax has been deducted but not deposited by deductor-CBDT Non-enforcement of recovery of demand…

  • Income Tax

While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given

10 years ago

While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given While reversing the order of the…