Income Tax

  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

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

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

5 years ago
  • Income Tax

Forfeiture of deposit on account of cancellation of lease allowed as business loss u/s 28

Forfeiture of deposit on account of cancellation of lease allowed as business loss u/s 28 being incidental to regular business…

5 years ago
  • Income Tax

Sale of land situated within 8 KM of municipal limit. Difference in Tahsiladar’s certificate & internet

Sale of land situated within 8 KM of local municipality limit. Difference in certificate issued by Tahsiladar and internet details…

5 years ago