Category: Income Tax
Facility service charges apart from house rent taxable as business income. Amount received was for specific services like housekeeping, security, etc. ABCAUS Case Law Citation: ABCAUS 2900 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Kavita Marketing Pvt. Ltd. vs. ITO (159 ITD 547)/70 taxmann.com …
Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed. ‘Property’, is a term of widest import and signifying every possible interest which a person can hold or enjoy ABCAUS Case Law Citation: ABCAUS 2899 (2019) (05) ITAT Important Case Laws Cited/relied upon by …
Income Tax Department to share information with GSTN-Type of data to be shared F. No. 225/105/2019/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 30th April, 2019 In exercise of powers conferred under section 138(1)(a) of the Income tax …
13 tests to determine if land is agricultural or not. High Court declares ITAT order as perverse in allowing capital gain exemption u/s 2(14)(iii) ABCAUS Case Law Citation:ABCAUS 2896 (2019) (04) HC Important Case Laws Cited/relied upon by the partiesSarifabibi Mohmed Ibrahim & Others Vs. Commissioner of Income …
Registration u/s 12AA can not be denied for claiming exemption u/s 10(23C) earlier. Trust running hospital/school can apply under either for Sections. ABCAUS Case Law Citation: ABCAUS 2895 (2019) (04) HC Important Case Laws Cited/relied upon by the parties CIT vs. Bosotto Brothers Limited CIT Vs. M/s A.R. …
India-USA agreement on exchange of Country-by-Country reporting notified by CBDT MINISTRY OF FINANCE (Department of Revenue) Notification No. 37/2019 New Delhi, the 25th April, 2019 (INCOME TAX) S.O.1653(E).—Whereas an Inter-Governmental Agreement for Exchange of Country-by-Country Reports was entered into by the Government of the Republic of India and the Government …
Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA – CBDT Clarification F.No. 173/193/2019-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, 23 April, 2019 To,The Pr. DGIT (Systems), New Delhi. Subject : Clarification with regard to the …
Disallowance for commission paid on sale of stamp papers partly deleted. It was impractical to maintain record or take receipt many times in a day from each and every person. ABCAUS Case Law Citation: ABCAUS 2893 (2019) (04) ITAT In the instant case, the appeal was filed …
Order passed by the Tribunal in remand proceedings during pendency of SLP-Remedy available was filing ITA before High Court ABCAUS Case Law Citation: ABCAUS 2892 (2019) (04) SC In the instant case, the Hon’ble High Court had remanded the case to the Tribunal on the issue of deduction …
CBDT latest note on search conducted in NCR on a Group in the Power sector which is allegedly co owned by the relative of Madhya Pradesh Chief Minister Kamal Nath The Central Board of Direct Taxes (CBDT) had earlier issued a Press Note pertaining to searches conducted in …
