Capital gain Exemption u/s 54 can not be denied for new property purchased in joint names of self wife &…
Date of Agreement to purchase taken as date of acquisition for grant of exemption u/s 54F. Section 2(47) not stipulates…
Application seeking immunity u/s 270AA of the Income Tax Act shall not preclude assessee from contesting the same issue in…
Share Capital/Premium can not be regarded as undisclosed income. High Court deleted addition made for share premium u/s 68 ABCAUS…
CBDT specifies cases to be contested on merits notwithstanding tax effect as per CBDT Circular No. 3/2018 increasing threshold monetary…
Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction…
Payments made by University to affiliated colleges for conducting examinations in different centres were reimbursement and not fee for technical…
The jurisdiction cannot be challenged after expiry of time limit prescribed u/s 124(3). The challenge to jurisdiction is different from…
AO was not justified in applying accounting method followed by a different assessee and rejecting Percentage of completion method consistently…
High court orders inquiry for manipulation of reasons to believe and role of the AO. Recommends strict disciplinary action for…