Tenet Tax Daily November 09 2019
Unsecured loan scrutinized during original assessment – No revision necessary
Lottery income is different from Prize money won in lucky draw: ITAT
Tenet Tax Daily November 08 2019
Buses owned by assessee and run on hire eligible for higher deduction
Tenet Tax Daily November 07 2019
Method adopted for computing value of property under Income-tax Act & Wealth Tax Act should be same
Tenet Tax Daily November 06 2019
Where assessee provided evidences towards payment of gratuity – no disallowance is warranted
Tenet Tax Daily November 05 2019
In case value of stock shown by assessee was low Method of valuation of closing stock cannot be changed
Tenet Tax Daily November 04 2019
Sec. 12AA registration allowable to Society running vocational educational/training programme to generate employment
Tenet Tax Daily November 02 2019
Date of intimation u/s 143(1) would be taken as date from which Limitation period for sale of attached property is to be computed
Tenet Tax Daily November 01 2019
Agricultural land converted into residential plot prior to sale – No. Sec 54B relief
Tenet Tax Daily October 31 2019
Merely having entries in books of account cannot make loan genuine – Financial capacity of lenders should be proved
Tenet Tax Daily October 30 2019
Sec. 54F exemption allowed if new house purchased till due date of filing belated ITR
Tenet Tax Daily October 29 2019
In case holding exhibitions and conferences was ancillary to attainment of main objects sec. 2(15) is not violated
Tenet Tax Daily October 26 2019
Even if Form no. 10 was filed belatedly AO couldn’t deny benefit of sec. 11(2)
Tenet Tax Daily October 25 2019
In case agreement was entered into on post-dated stamp papers depreciation on trademark cannot be denied
Tenet Tax Daily October 24 2019
Reassessment notice quashed as it was issued by non-jurisdictional AO: HC
Tenet Tax Daily October 23 2019
If block of assets ceases to exist on last date of previous year depreciation on goodwill not allowed: ITAT
Tenet Tax Daily October 22 2019
Merely relying on statement of person that he provided accommodation entry to assessee would not call for proceedings u/s 153C
Tenet Tax Daily October 21 2019
Demand stayed until disposal of condonation application with direction to deposit of 10% of tax demand: HC
Tenet Tax Daily October 19 2019