Income Tax

  • Income Tax

Amendment to forms of application for obtaining advance ruling in Form No. 34C and 34D

Amendment to forms of application for obtaining advance ruling in Form No. 34C, 34D for quoting identification number of non-resident…

6 years ago
  • Income Tax

Section 54 Exemption 54 Exemption not require utilisation of sale proceeds of original capital asset only – ITAT

Section 54 Exemption not require utilisation of sale proceeds of original capital asset only. Investment out of bank loan and…

6 years ago
  • Income Tax

CBDT asks for withdrawal of Income Tax Appeals in accordance with revision of monetary limits

CBDT asks for withdrawal of Income Tax Appeals in accordance with revision of monetary limits as per Circular No.3/20 18…

6 years ago
  • Income Tax

Ex parte penalty order passed ignoring adjournment application filed by assessee was set aside by ITAT

Ex parte penalty order passed ignoring adjournment application filed set aside as the  CIT-A  had never ever bothered to peruse…

6 years ago
  • Income Tax

Sale of Edible white button mushroom held as agricultural income exempt u/s 10(1)

Sale of Edible white button mushroom held as agricultural income exempt u/s 10(1). Soil even when separated from land continues…

6 years ago
  • Income Tax

Expenses on Business Management Course abroad for director’s son held as not incurred for business purpose

Expenses on Business Management Course abroad for directors son held as not incurred wholly and exclusively for the purpose of…

6 years ago
  • Income Tax

Significant Economic Presence of a non resident u/s 9(1)(i)-CBDT invites suggestions on threshold limits

Significant Economic Presence of a non resident in India u/s 9(1)(i)-CBDT invites comments and suggestions on threshold limits of transaction…

6 years ago
  • Income Tax

Deduction u/s 80IA claimed in return filed after issue of notice u/s 153A allowable. SC dismisses SLP of ITD

Deduction u/s 80IA claimed in return filed after issue of notice u/s 153A allowable. Supreme Court dismisses SLP of ITD.…

6 years ago
  • Income Tax

AO should give specific finding on explanations given in the light of the case law relied upon by assessee

Authorities should give specific finding on explanation of assessee in the light of the case law relied upon. ITAT remands…

6 years ago
  • Income Tax

Ad hoc disallowance of expenses for personal use of telephone, car deleted in the absence of any finding of fact

Ad hoc disallowance of expenses for personal use of vehicle telephone deleted as AO did not bring any finding of…

6 years ago