High Court explains the law of taxation of agent / representative assessee u/s 163 who is liable to tax on both-income directly or indirectly arising / accruing in India through a business connection PILCOM treated agent u/s 163 of non-resident Foreign Cricket Boards liable to tax on income …

High Level Committee Constituted on CSR to review existing framework and guide / formulate roadmap for a coherent policy of CSR High Level Committee Constituted on Corporate Social Responsibility  A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. …

Assured return received on flat booking from Builder was interest income not capital receipt or income from other sources ABCAUS Case Law Citation: ABCAUS 2539 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Saurashtra Cement Ltd (2010) 325 ITR 042 (SC) : 192 …

Deduction u/s 54B allowed for purchase of agricultural land in the name of son to avoid future family disputes relating to the inheritance of the property ABCAUS Case Law Citation: ABCAUS 2538 (2018) 09 ITAT The appellant assessee was aggrieved by the order of the CIT(A) for the …

Sale of Electoral Bonds at 29 Authorised Branches of State Bank of India (SBI) starts with effect from 01st October, 2018 to 10th October, 2018. The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of …

Expenditure incurred for maintenance of immature rubber plants in replanted areas not allowable as deduction as per High Court judgment The assessee had challenged the order of CIT(A) in upholding the assessment order of the AO disallowing the cost of planting and maintenance of immature rubber plants. ABCAUS …