Income Tax

  • Income Tax

Section 50C not applicable to cold storage building so to substitute actual sale consideration by deemed value-ITAT

Section 50C not applicable to cold storage building so to substitute actual sale consideration by deemed sale consideration and order…

6 years ago
  • Income Tax

Disallowance u/s 40A(3) for cash payment to BSNL deleted as BSNL is a “State” and payments were made for business expediency-ITAT

Disallowance u/s 40A(3) for cash payment to BSNL deleted as BSNL is a State and payments were made for business…

6 years ago
  • Income Tax

Concealment penalty u/s 271(1)(c) deleted on humanitarian grounds by ITAT

Concealment penalty u/s 271(1)(c) deleted on humanitarian grounds as the assessee had died, his business was closed and his widow…

6 years ago
  • Income Tax

No scope for imposing penalty u/s 271A in the case of civil contractor-ITAT

No scope for imposing penalty u/s 271A in the case of Civil Contractor which is covered u/s 44AA(2) and is…

6 years ago
  • Income Tax

CBDT crosses milestone of 200 Advance Pricing Agreements

CBDT crosses milestone of 200 APA. With entering into 7 more Advance Pricing Agreements in February, 2018, the  total number…

6 years ago
  • Income Tax

TDS on testing and commissioning services deductible u/s 194C as contractual payments

TDS on testing and commissioning services deductible u/s 194C as contractual payments as not as fees for technical services u/s…

6 years ago
  • Income Tax

Section 55A related to DVO reference not apply in a reverse case – High Court

Section 55A related to DVO reference not apply in a reverse case when value claimed by assessee exceeds the fair…

6 years ago
  • Income Tax

Application for registration u/s 12A to be made electronically by charitable or religious trusts-CBDT Notification

Application for registration u/s 12A to be made electronically by charitable or religious trusts,. More information required in revised Form…

6 years ago
  • Income Tax

CBDT notifies Centralised Communication Scheme 2018 u/s 133C for calling information from any person

CBDT notifies Centralised Communication Scheme 2018 u/s 133C for calling information from any person for verification of information The Finance…

6 years ago
  • Income Tax

Deduction for Penal excise was allowed u/s 37 as it was paid to indemnify department for violating terms of affidavit

Deduction for Penal excise was allowed u/s 37 as it was paid in discharging contractual obligation to indemnify department for…

6 years ago