Notional Rental income of house property - assessee was not carrying out any...
Income Tax - Dated - 30-11-2013 - Notional Rental income of house property - assessee was not carrying out any business, but he was in occupation of the property - the same is taxable u/s 22 - for...
View ArticleShri Tej Pal Singh, Shri Parminder Chadha Versus ACIT, CC 1, Faridabad -...
Shri Tej Pal Singh, Shri Parminder Chadha Versus ACIT, CC 1, Faridabad - Income Tax - ITAT DELHI - Tri - Long term capital gain Sale of plot of land - The Income Tax Department while conducting search...
View ArticleM/s Maharashtra Housing Area Development Authority Versus Addl. DIT(E) I (1),...
M/s Maharashtra Housing Area Development Authority Versus Addl. DIT(E) I (1), Mumbai - Income Tax - ITAT MUMBAI - Tri - Stay against Demand - coercive recovery proceedings where stay application is...
View ArticleCoercive recovery proceedings where stay application is pending - AO has...
Income Tax - Dated - 30-11-2013 - Coercive recovery proceedings where stay application is pending - AO has misused its power - Revenue should refund the entire amount to the assessee within 10 days...
View ArticleMrs. Usha Mayur Thakkar Legal Heir of Shri Mayur Thakar Versus Dy....
Mrs. Usha Mayur Thakkar Legal Heir of Shri Mayur Thakar Versus Dy. Commissioner of Income Tax - Income Tax - ITAT MUMBAI - Tri - Undisclosed income Held that - The assessee has failed to prove by any...
View ArticleDepreciation on goodwill assessee purchased the business lock stock and...
Income Tax - Dated - 30-11-2013 - Depreciation on goodwill assessee purchased the business lock stock and barrel and has shown the value of the goodwill right from the acquisition onwards -...
View ArticleCOMMISSIONER OF INCOME TAX ACIT. Versus M/s SIEMENS PUBLIC COMMUNICATION...
COMMISSIONER OF INCOME TAX ACIT. Versus M/s SIEMENS PUBLIC COMMUNICATION NETWORKS LTD - Income Tax - KARNATAKA HIGH COURT - HC - Subvention payment - Revenue receipt or capital receipt - Held that -...
View ArticleSubvention payment - amount received from parent company - If the financial...
Income Tax - Dated - 30-11-2013 - Subvention payment - amount received from parent company - If the financial assistance is extended to run business more profitably or to meet recurring expenses, such...
View ArticleM/s Jagdamba Rice Mills Versus Income Tax Officer Another - Income Tax - Case...
M/s Jagdamba Rice Mills Versus Income Tax Officer Another - Income Tax - PUNJAB HARYANA HIGH COURT - HC - Yield of paddy - estimation of income - Held that - The AO pointed out two comparable cases who...
View ArticleYield of paddy - estimation of income - It is clear that the yield shown by...
Income Tax - Dated - 30-11-2013 - Yield of paddy - estimation of income - It is clear that the yield shown by the assessee is definitely on the lower side - addition confirmed - HC - TMI Tax Updates -...
View ArticleUNION OF INDIA Versus M/s VAMSHI CONSTRUCTIONS YOUSUFGUDA - Income Tax - Case...
UNION OF INDIA Versus M/s VAMSHI CONSTRUCTIONS YOUSUFGUDA - Income Tax - ANDHRA PRADESH HIGH COURT - HC - Rectification application - Held that - The learned Tribunal taking note of the judgment in...
View ArticleDraft Companies (Cost Record and Cost Audit) Rules, 2013 - Accounting -...
Draft Companies (Cost Record and Cost Audit) Rules, 2013 - Accounting - Auditing - By - Maruti Bhogulkar - Dated - 30-11-2013 Last Replied Date - 30-12-1899 - Refer 1) Draft Rules (6th phase) under...
View ArticlePolicy on Foreign Direct Investment in the Pharmaceutical Sector
Policy on Foreign Direct Investment in the Pharmaceutical Sector - Dated - 30-11-2013 - The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign...
View ArticleCommissioner of Income Tax, Delhi XVI Versus Arun Malhotra - Income Tax -...
Commissioner of Income Tax, Delhi XVI Versus Arun Malhotra - Income Tax - DELHI HIGH COURT - HC - Block assessment u/s 158BC - Genuineness of purchase transactions - claim of deduction u/s 80HHC - Held...
View ArticleService Tax under GTA will attract on freight outward - Service Tax -...
Service Tax under GTA will attract on freight outward - Service Tax - Started By - manju nath - Dated - 29-11-2013 Last Replied Date - 30-11-2013 - Dear Experts, We have been dispatching finished goods...
View ArticleM/s. Lalitha Chem Industries Pvt. Ltd. Versus The Deputy Commissioner of...
M/s. Lalitha Chem Industries Pvt. Ltd. Versus The Deputy Commissioner of Income-tax - Income Tax - BOMBAY HIGH COURT - HC - Validity of reassessment - Held that - The assessee has claimed deduction u/s...
View ArticleCommissioner of Income Tax And Another Versus M/s Jagdish Jain - Income Tax -...
Commissioner of Income Tax And Another Versus M/s Jagdish Jain - Income Tax - ALLAHABAD HIGH COURT - HC - Income of minor - Held that - The interest income has been disclosed by the assessee (father of...
View ArticleJust because an assessment u/s 153(3) has not been made or no scrutiny has...
Income Tax - Dated - 30-11-2013 - Just because an assessment u/s 153(3) has not been made or no scrutiny has been made, the income of the minor could not be disbelieved, when the interest was clubbed...
View ArticleITO, Ward-25(3), Delhi Versus Shri Prakash Narain Singh - Income Tax - Case Laws
ITO, Ward-25(3), Delhi Versus Shri Prakash Narain Singh - Income Tax - ITAT DELHI - Tri - Penalty u/s 271(1)(c) - addition on account of Deemed dividend u/s 2(22)(e) - whether amounts to concealment of...
View ArticleThe Academy of Medical Sciences Versus The Income Tax Officer (TDS) - Income...
The Academy of Medical Sciences Versus The Income Tax Officer (TDS) - Income Tax - ITAT COCHIN - Tri - Disallowance u/s 40(a)(ia) for non deduction of TDS - Lease rent applicability of provisions of...
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