Sale of Mutual fund exempted from capital gain tax. CBDT notifies more transactions not regarded transfer u/s 2(47) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 16/2020 New Delhi, the 5th March, 2020 INCOME-TAX S.O. 986(E).—In exercise of the powers conferred by sub-clause (d) of …
Deduction 80IA allowed on conversion of partnership firm into company under Part IX of Companies Act 1956. Supreme Court upheld HC Order ABCAUS Case Law Citation:ABCAUS 3286 (2020) (03) SC Important case law relied upon by the parties:Giridhar G. Yadalam vs. Commissioner of Wealth Tax & Anr (2015) …
Where AO of searched person and other person same, there can be one satisfaction note prepared by the Assessing Officer (AO) – Supreme Court ABCAUS Case Law Citation:ABCAUS 3285 (2020) (03) SC Important case law relied upon by the parties:Commissioner of Income Tax v. Calcutta Knitwears (2014) 6 …
Trader in scrap not liable to collect TCS u/s 206C if scrap not a result of manufacturing ABCAUS Case Law Citation:ABCAUS 3284 (2020) (03) ITAT Important case law relied upon by the parties:Navine Fluorine International Ltd. vs. ACIT (TDS)Nathulal P. Lavti vs. ITO(TDS)M/s Bharti Auto Products vs. CITDhasawala …
Clarifications / FAQ on Direct Tax Vivad se Vishwas Bill 2020. CBDT has issued 55 FAQs on the provisions of the Vivad se Vishwas Bill 2020 Circular No. 7/2020 F. No. IT(A)11/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** …
To obtain Judicial information through mechanism provided under High Court Rules, provisions of RTI Act not apply ABCAUS Case Law Citation:ABCAUS 3283 (2020) (03) SC Important case law relied upon by the parties:Central Public Information Officer, Supreme Court of India v. Subhash Chandra Agrawal 2019 (16) SCALE 40Raj …
