TaxGuru » business income http://taxguru.in Complete Tax Solution Sun, 27 May 2012 04:08:37 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Under Explanation to section 73 of Income Tax Act, 1961 even delivery-based loss on shares is “speculation” loss http://taxguru.in/income-tax-case-laws/under-explanation-to-section-73-of-income-tax-act-1961-even-delivery-based-loss-on-shares-is-%e2%80%9cspeculation%e2%80%9d-loss.html http://taxguru.in/income-tax-case-laws/under-explanation-to-section-73-of-income-tax-act-1961-even-delivery-based-loss-on-shares-is-%e2%80%9cspeculation%e2%80%9d-loss.html#comments Fri, 18 Feb 2011 03:40:23 +0000 CA Sandeep Kanoi http://taxguru.in/under-explanation-to-section-73-of-income-tax-act-1961-even-delivery-based-loss-on-shares-is-%e2%80%9cspeculation%e2%80%9d-loss-36717.html http://taxguru.in/income-tax-case-laws/under-explanation-to-section-73-of-income-tax-act-1961-even-delivery-based-loss-on-shares-is-%e2%80%9cspeculation%e2%80%9d-loss.html/feed/ 0 Interest on fixed deposits effectively connected with PE is taxable as Business Income http://taxguru.in/income-tax-case-laws/interest-on-fixed-deposits-effectively-connected-with-pe-is-taxable-as-business-income.html http://taxguru.in/income-tax-case-laws/interest-on-fixed-deposits-effectively-connected-with-pe-is-taxable-as-business-income.html#comments Tue, 01 Feb 2011 11:48:12 +0000 CA Sandeep Kanoi http://taxguru.in/interest-on-fixed-deposits-effectively-connected-with-pe-is-taxable-as-business-income-36650.html http://taxguru.in/income-tax-case-laws/interest-on-fixed-deposits-effectively-connected-with-pe-is-taxable-as-business-income.html/feed/ 0 Amounts receivable by a British company (EMEIA) from the applicant under the Area Services & Market Development Agreement not liable to be taxed under the I-T Act as fee for `included services’ or as business profits under Indo-UK Treaty http://taxguru.in/income-tax-case-laws/amounts-receivable-by-a-british-company-emeia-from-the-applicant-under-the-area-services-market-development-agreement-not-liable-to-be-taxed-under-the-i-t-act-as-fee-for-included-services.html http://taxguru.in/income-tax-case-laws/amounts-receivable-by-a-british-company-emeia-from-the-applicant-under-the-area-services-market-development-agreement-not-liable-to-be-taxed-under-the-i-t-act-as-fee-for-included-services.html#comments Mon, 24 Jan 2011 01:44:54 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=27236 http://taxguru.in/income-tax-case-laws/amounts-receivable-by-a-british-company-emeia-from-the-applicant-under-the-area-services-market-development-agreement-not-liable-to-be-taxed-under-the-i-t-act-as-fee-for-included-services.html/feed/ 0 Income from supply of information relating to various markets should be taxed as business profits under the India-Singapore tax treaty http://taxguru.in/income-tax-case-laws/income-from-supply-of-information-relating-to-various-markets-should-be-taxed-as-business-profits-under-the-india-singapore-tax-treaty.html http://taxguru.in/income-tax-case-laws/income-from-supply-of-information-relating-to-various-markets-should-be-taxed-as-business-profits-under-the-india-singapore-tax-treaty.html#comments Wed, 01 Dec 2010 18:28:19 +0000 CA Sandeep Kanoi http://taxguru.in/income-from-supply-of-information-relating-to-various-markets-should-be-taxed-as-business-profits-under-the-india-singapore-tax-treaty-149.html http://taxguru.in/income-tax-case-laws/income-from-supply-of-information-relating-to-various-markets-should-be-taxed-as-business-profits-under-the-india-singapore-tax-treaty.html/feed/ 0 Characterization of income from sale of shares http://taxguru.in/income-tax-case-laws/characterization-of-income-from-sale-of-shares.html http://taxguru.in/income-tax-case-laws/characterization-of-income-from-sale-of-shares.html#comments Mon, 05 Jul 2010 03:36:33 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=31165 http://taxguru.in/income-tax-case-laws/characterization-of-income-from-sale-of-shares.html/feed/ 4 Unabsorbed depreciation of AYs 1997-98 to 2001-02 not eligible for relief granted by amended s. 32(2) in AY 2002-03- Special Bench Reverses S. 32 Depreciation Law http://taxguru.in/income-tax-case-laws/unabsorbed-depreciation-of-ays-1997-98-to-2001-02-not-eligible-for-relief-granted-by-amended-s-322-in-ay-2002-03-special-bench-reverses-s-32-depreciation-law.html http://taxguru.in/income-tax-case-laws/unabsorbed-depreciation-of-ays-1997-98-to-2001-02-not-eligible-for-relief-granted-by-amended-s-322-in-ay-2002-03-special-bench-reverses-s-32-depreciation-law.html#comments Thu, 01 Jul 2010 01:27:42 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=30826 http://taxguru.in/income-tax-case-laws/unabsorbed-depreciation-of-ays-1997-98-to-2001-02-not-eligible-for-relief-granted-by-amended-s-322-in-ay-2002-03-special-bench-reverses-s-32-depreciation-law.html/feed/ 0 Importance of Keeping proper documents of inherited property from taxation point of view http://taxguru.in/income-tax/importance-of-keeping-proper-documents-of-inherited-property-from-taxation-point-of-view.html http://taxguru.in/income-tax/importance-of-keeping-proper-documents-of-inherited-property-from-taxation-point-of-view.html#comments Fri, 25 Jun 2010 16:48:29 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=30343 http://taxguru.in/income-tax/importance-of-keeping-proper-documents-of-inherited-property-from-taxation-point-of-view.html/feed/ 0 Under DTC income arising on purchase and sale of securities by FIIs shall be deemed to be capital gain http://taxguru.in/income-tax/under-dtc-income-arising-on-purchase-and-sale-of-securities-by-fiis-shall-be-deemed-to-be-capital-gain.html http://taxguru.in/income-tax/under-dtc-income-arising-on-purchase-and-sale-of-securities-by-fiis-shall-be-deemed-to-be-capital-gain.html#comments Wed, 23 Jun 2010 03:34:59 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=30046 http://taxguru.in/income-tax/under-dtc-income-arising-on-purchase-and-sale-of-securities-by-fiis-shall-be-deemed-to-be-capital-gain.html/feed/ 0 Profits from shares is business profits: ITAT Mumbai http://taxguru.in/income-tax-case-laws/profits-from-shares-is-business-profits-itat-mumbai.html http://taxguru.in/income-tax-case-laws/profits-from-shares-is-business-profits-itat-mumbai.html#comments Tue, 25 May 2010 14:59:21 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=28398 http://taxguru.in/income-tax-case-laws/profits-from-shares-is-business-profits-itat-mumbai.html/feed/ 0 ITAT Mumbai laid down principles to determine whether income from shares is “business” income or “capital gains” http://taxguru.in/income-tax-case-laws/itat-mumbai-laid-down-principles-to-determine-whether-income-from-shares-is-%e2%80%9cbusiness%e2%80%9d-income-or-%e2%80%9ccapital-gains%e2%80%9d.html http://taxguru.in/income-tax-case-laws/itat-mumbai-laid-down-principles-to-determine-whether-income-from-shares-is-%e2%80%9cbusiness%e2%80%9d-income-or-%e2%80%9ccapital-gains%e2%80%9d.html#comments Tue, 25 May 2010 06:02:20 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=28393 http://taxguru.in/income-tax-case-laws/itat-mumbai-laid-down-principles-to-determine-whether-income-from-shares-is-%e2%80%9cbusiness%e2%80%9d-income-or-%e2%80%9ccapital-gains%e2%80%9d.html/feed/ 2 Interest on surplus funds is “other income” and not eligible for deduction u/s 80P of Income Act, 1961 http://taxguru.in/income-tax-case-laws/interest-on-surplus-funds-is-other-income-and-not-eligible-for-deduction-us-80p-of-income-act-1961.html http://taxguru.in/income-tax-case-laws/interest-on-surplus-funds-is-other-income-and-not-eligible-for-deduction-us-80p-of-income-act-1961.html#comments Fri, 12 Feb 2010 01:02:32 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=21042 http://taxguru.in/income-tax-case-laws/interest-on-surplus-funds-is-other-income-and-not-eligible-for-deduction-us-80p-of-income-act-1961.html/feed/ 2 Income from even an isolated transaction of sale of land can be considered as business income of an assessee though not carrying on real estate business http://taxguru.in/income-tax-case-laws/income-from-even-an-isolated-transaction-of-sale-of-land-can-be-considered-as-business-income-of-an-assessee-though-not-carrying-on-real-estate-business.html http://taxguru.in/income-tax-case-laws/income-from-even-an-isolated-transaction-of-sale-of-land-can-be-considered-as-business-income-of-an-assessee-though-not-carrying-on-real-estate-business.html#comments Tue, 26 Jan 2010 15:58:07 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=19986 http://taxguru.in/income-tax-case-laws/income-from-even-an-isolated-transaction-of-sale-of-land-can-be-considered-as-business-income-of-an-assessee-though-not-carrying-on-real-estate-business.html/feed/ 1 Shares activity treated as investment in earlier years cannot be treated as business in subsequent years if facts are the same http://taxguru.in/income-tax-case-laws/shares-activity-treated-as-investment-in-earlier-years-cannot-be-treated-as-business-in-subsequent-years-if-facts-are-the-same.html http://taxguru.in/income-tax-case-laws/shares-activity-treated-as-investment-in-earlier-years-cannot-be-treated-as-business-in-subsequent-years-if-facts-are-the-same.html#comments Sat, 16 Jan 2010 17:40:55 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=19507 http://taxguru.in/income-tax-case-laws/shares-activity-treated-as-investment-in-earlier-years-cannot-be-treated-as-business-in-subsequent-years-if-facts-are-the-same.html/feed/ 0 Income from Cultivation of parent hybrid seed is non agricultural Income and taxable as business income http://taxguru.in/income-tax-case-laws/income-from-cultivation-of-parent-hybrid-seed-is-non-agricultural-income-and-taxable-as-business-income.html http://taxguru.in/income-tax-case-laws/income-from-cultivation-of-parent-hybrid-seed-is-non-agricultural-income-and-taxable-as-business-income.html#comments Wed, 06 Jan 2010 02:31:47 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=17666 http://taxguru.in/income-tax-case-laws/income-from-cultivation-of-parent-hybrid-seed-is-non-agricultural-income-and-taxable-as-business-income.html/feed/ 0 If letting out could be demonstrated as part of complex commercial activity then rental income is to be assessed as income from business http://taxguru.in/income-tax-case-laws/if-letting-out-could-be-demonstrated-as-part-of-complex-commercial-activity-then-rental-income-is-to-be-assessed-as-income-from-business.html http://taxguru.in/income-tax-case-laws/if-letting-out-could-be-demonstrated-as-part-of-complex-commercial-activity-then-rental-income-is-to-be-assessed-as-income-from-business.html#comments Wed, 06 Jan 2010 02:28:41 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16274 the assessee then the same cannot be held to be exploitation of the property for commercial purpose in view of the decision of the Hon'ble Shambhu Investment (supra). We. therefore, restore this issue to the file of the AC) for fresh consideration in the light of aforementioned observation.]]> http://taxguru.in/income-tax-case-laws/if-letting-out-could-be-demonstrated-as-part-of-complex-commercial-activity-then-rental-income-is-to-be-assessed-as-income-from-business.html/feed/ 0 AO not justified in adjustment to a international transaction whose arm’s length character is accepted by Transfer Pricing Officer (TPO) http://taxguru.in/income-tax-case-laws/ao-not-justified-in-adjustment-to-a-international-transaction-whose-arm%e2%80%99s-length-character-is-accepted-by-transfer-pricing-officer-tpo.html http://taxguru.in/income-tax-case-laws/ao-not-justified-in-adjustment-to-a-international-transaction-whose-arm%e2%80%99s-length-character-is-accepted-by-transfer-pricing-officer-tpo.html#comments Mon, 04 Jan 2010 01:52:27 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=18524 http://taxguru.in/income-tax-case-laws/ao-not-justified-in-adjustment-to-a-international-transaction-whose-arm%e2%80%99s-length-character-is-accepted-by-transfer-pricing-officer-tpo.html/feed/ 0 Applicability of rule of limitation in respect of appeal filed after an inordinate delay without reasonable cause http://taxguru.in/income-tax-case-laws/applicability-of-rule-of-limitation-in-respect-of-appeal-filed-after-an-inordinate-delay-without-reasonable-cause.html http://taxguru.in/income-tax-case-laws/applicability-of-rule-of-limitation-in-respect-of-appeal-filed-after-an-inordinate-delay-without-reasonable-cause.html#comments Sun, 03 Jan 2010 13:57:42 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16164 http://taxguru.in/income-tax-case-laws/applicability-of-rule-of-limitation-in-respect-of-appeal-filed-after-an-inordinate-delay-without-reasonable-cause.html/feed/ 0 SB rules income from derivative trading in shares prior to financial year 2005-06 is speculation income http://taxguru.in/income-tax-case-laws/sb-rules-income-from-derivative-trading-in-shares-prior-to-financial-year-2005-06-is-speculation-income.html http://taxguru.in/income-tax-case-laws/sb-rules-income-from-derivative-trading-in-shares-prior-to-financial-year-2005-06-is-speculation-income.html#comments Thu, 31 Dec 2009 03:19:55 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=18352 http://taxguru.in/income-tax-case-laws/sb-rules-income-from-derivative-trading-in-shares-prior-to-financial-year-2005-06-is-speculation-income.html/feed/ 0 Applicability of year end rate for conversion of business income earned in foreign currency http://taxguru.in/income-tax-case-laws/applicability-of-year-end-rate-for-conversion-of-business-income-earned-in-foreign-currency.html http://taxguru.in/income-tax-case-laws/applicability-of-year-end-rate-for-conversion-of-business-income-earned-in-foreign-currency.html#comments Sun, 27 Dec 2009 14:05:18 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=18183 http://taxguru.in/income-tax-case-laws/applicability-of-year-end-rate-for-conversion-of-business-income-earned-in-foreign-currency.html/feed/ 0 Interest income from Fixed deposits not eligible for deduction u/s 10A/10B http://taxguru.in/income-tax-case-laws/interest-income-from-fixed-deposits-not-eligible-for-deduction-us-10a10b.html http://taxguru.in/income-tax-case-laws/interest-income-from-fixed-deposits-not-eligible-for-deduction-us-10a10b.html#comments Mon, 21 Dec 2009 02:26:46 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=17673 http://taxguru.in/income-tax-case-laws/interest-income-from-fixed-deposits-not-eligible-for-deduction-us-10a10b.html/feed/ 1 Section 14A submission accepted by AO can not be sent back to AO for reconsideration by tribunal http://taxguru.in/income-tax-case-laws/section-14a-submission-accepted-by-ao-can-not-be-sent-back-to-ao-for-reconsideration-by-tribunal.html http://taxguru.in/income-tax-case-laws/section-14a-submission-accepted-by-ao-can-not-be-sent-back-to-ao-for-reconsideration-by-tribunal.html#comments Sat, 19 Dec 2009 16:16:58 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=17705 http://taxguru.in/income-tax-case-laws/section-14a-submission-accepted-by-ao-can-not-be-sent-back-to-ao-for-reconsideration-by-tribunal.html/feed/ 0 Tribunals upheld the concept of ‘make available’ and held specified services not Fees for technical services http://taxguru.in/income-tax-case-laws/tribunals-upheld-the-concept-of-make-available-and-held-specified-services-not-fees-for-technical-services.html http://taxguru.in/income-tax-case-laws/tribunals-upheld-the-concept-of-make-available-and-held-specified-services-not-fees-for-technical-services.html#comments Sat, 19 Dec 2009 03:48:30 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=17645 http://taxguru.in/income-tax-case-laws/tribunals-upheld-the-concept-of-make-available-and-held-specified-services-not-fees-for-technical-services.html/feed/ 0 Issues under Income Tax on Shares & Securities Transactions http://taxguru.in/income-tax/issues-under-income-tax-on-shares-securities-transactions.html http://taxguru.in/income-tax/issues-under-income-tax-on-shares-securities-transactions.html#comments Thu, 17 Dec 2009 03:18:29 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=17465 http://taxguru.in/income-tax/issues-under-income-tax-on-shares-securities-transactions.html/feed/ 1 Expenditure related to exempt income to be disallowed even if assessee has not earned any tax-free income http://taxguru.in/income-tax-case-laws/assessee-can-claim-the-benefits-of-a-dtaa-between-india-and-mauritius-on-the-basis-of-a-tax-residency-certificate.html http://taxguru.in/income-tax-case-laws/assessee-can-claim-the-benefits-of-a-dtaa-between-india-and-mauritius-on-the-basis-of-a-tax-residency-certificate.html#comments Wed, 16 Dec 2009 03:04:22 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=17395 http://taxguru.in/income-tax-case-laws/assessee-can-claim-the-benefits-of-a-dtaa-between-india-and-mauritius-on-the-basis-of-a-tax-residency-certificate.html/feed/ 0 The Direct Taxes Code (DTC) Bill 2009 – Capital Gains Tax http://taxguru.in/income-tax/the-direct-taxes-code-dtc-bill-2009-capital-gains-tax.html http://taxguru.in/income-tax/the-direct-taxes-code-dtc-bill-2009-capital-gains-tax.html#comments Thu, 10 Dec 2009 03:20:38 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16825 http://taxguru.in/income-tax/the-direct-taxes-code-dtc-bill-2009-capital-gains-tax.html/feed/ 0 Disallowance u/s 14A is to be made even when exempt income is not earned or received during the year http://taxguru.in/income-tax-case-laws/disallowance-us-14a-is-to-be-made-even-when-exempt-income-is-not-earned-or-received-during-the-year.html http://taxguru.in/income-tax-case-laws/disallowance-us-14a-is-to-be-made-even-when-exempt-income-is-not-earned-or-received-during-the-year.html#comments Sun, 06 Dec 2009 11:42:55 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16529 http://taxguru.in/income-tax-case-laws/disallowance-us-14a-is-to-be-made-even-when-exempt-income-is-not-earned-or-received-during-the-year.html/feed/ 0 Procurement of orders by South African company for Indian company on commission basis is not taxable in India http://taxguru.in/income-tax-case-laws/procurement-of-orders-by-south-african-company-for-indian-company-on-commission-basis-is-not-taxable-in-india.html http://taxguru.in/income-tax-case-laws/procurement-of-orders-by-south-african-company-for-indian-company-on-commission-basis-is-not-taxable-in-india.html#comments Sun, 06 Dec 2009 11:19:29 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16525 http://taxguru.in/income-tax-case-laws/procurement-of-orders-by-south-african-company-for-indian-company-on-commission-basis-is-not-taxable-in-india.html/feed/ 0 Profit element on sale of DEPB, i.e., the amount in excess of sale proceeds over the face value is covered u/s 28(iiid) http://taxguru.in/income-tax-case-laws/profit-element-on-sale-of-depb-i-e-the-amount-in-excess-of-sale-proceeds-over-the-face-value-is-covered-us-28iiid.html http://taxguru.in/income-tax-case-laws/profit-element-on-sale-of-depb-i-e-the-amount-in-excess-of-sale-proceeds-over-the-face-value-is-covered-us-28iiid.html#comments Sun, 06 Dec 2009 11:13:07 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16520 http://taxguru.in/income-tax-case-laws/profit-element-on-sale-of-depb-i-e-the-amount-in-excess-of-sale-proceeds-over-the-face-value-is-covered-us-28iiid.html/feed/ 0 Penalty levied with reference to revised return is bad in law when the revised return has been treated as non-est http://taxguru.in/income-tax-case-laws/penalty-levied-with-reference-to-revised-return-is-bad-in-law-when-the-revised-return-has-been-treated-as-non-est.html http://taxguru.in/income-tax-case-laws/penalty-levied-with-reference-to-revised-return-is-bad-in-law-when-the-revised-return-has-been-treated-as-non-est.html#comments Sun, 06 Dec 2009 11:07:41 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16517 http://taxguru.in/income-tax-case-laws/penalty-levied-with-reference-to-revised-return-is-bad-in-law-when-the-revised-return-has-been-treated-as-non-est.html/feed/ 0 Write back of provision of bad debts, not previously allowed as deduction, is not taxable http://taxguru.in/income-tax-case-laws/write-back-of-provision-of-bad-debts-not-previously-allowed-as-deduction-is-not-taxable.html http://taxguru.in/income-tax-case-laws/write-back-of-provision-of-bad-debts-not-previously-allowed-as-deduction-is-not-taxable.html#comments Sat, 05 Dec 2009 15:15:02 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16495 http://taxguru.in/income-tax-case-laws/write-back-of-provision-of-bad-debts-not-previously-allowed-as-deduction-is-not-taxable.html/feed/ 1 Worldwide Tax Trends Treatment of Tax Losses http://taxguru.in/income-tax/worldwide-tax-trends-treatment-of-tax-losses.html http://taxguru.in/income-tax/worldwide-tax-trends-treatment-of-tax-losses.html#comments Sat, 05 Dec 2009 09:35:42 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=16415 http://taxguru.in/income-tax/worldwide-tax-trends-treatment-of-tax-losses.html/feed/ 0 AO not empowered to select head of income for computation of permissible deductions u/s 40(b) http://taxguru.in/income-tax-case-laws/ao-not-empowered-to-select-head-of-income-for-computation-of-permissible-deductions-us-40b.html http://taxguru.in/income-tax-case-laws/ao-not-empowered-to-select-head-of-income-for-computation-of-permissible-deductions-us-40b.html#comments Mon, 30 Nov 2009 01:58:02 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=15702 http://taxguru.in/income-tax-case-laws/ao-not-empowered-to-select-head-of-income-for-computation-of-permissible-deductions-us-40b.html/feed/ 0 Mumbai ITAT rules on taxability of waiver of loan http://taxguru.in/income-tax-case-laws/mumbai-itat-rules-on-taxability-of-waiver-of-loan.html http://taxguru.in/income-tax-case-laws/mumbai-itat-rules-on-taxability-of-waiver-of-loan.html#comments Sat, 21 Nov 2009 02:14:36 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=15115 http://taxguru.in/income-tax-case-laws/mumbai-itat-rules-on-taxability-of-waiver-of-loan.html/feed/ 0 Validity of re-opening when no concealment of income and department applied higher tax rate of tax for framing re-assessment http://taxguru.in/income-tax-case-laws/validity-of-re-opening-when-no-concealment-of-income-and-department-applied-higher-tax-rate-of-tax-for-framing-re-assessment.html http://taxguru.in/income-tax-case-laws/validity-of-re-opening-when-no-concealment-of-income-and-department-applied-higher-tax-rate-of-tax-for-framing-re-assessment.html#comments Thu, 12 Nov 2009 10:46:50 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=14577 http://taxguru.in/income-tax-case-laws/validity-of-re-opening-when-no-concealment-of-income-and-department-applied-higher-tax-rate-of-tax-for-framing-re-assessment.html/feed/ 0 S. 14A disallowance can be made with regard to partner’s share of profits http://taxguru.in/income-tax-case-laws/s-14a-disallowance-can-be-made-with-regard-to-partner%e2%80%99s-share-of-profits.html http://taxguru.in/income-tax-case-laws/s-14a-disallowance-can-be-made-with-regard-to-partner%e2%80%99s-share-of-profits.html#comments Thu, 05 Nov 2009 01:02:56 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=14177 http://taxguru.in/income-tax-case-laws/s-14a-disallowance-can-be-made-with-regard-to-partner%e2%80%99s-share-of-profits.html/feed/ 0 AAR on taxability of income from execution of contract in India by German company, having no PE in India http://taxguru.in/income-tax-case-laws/aar-on-taxability-of-income-from-execution-of-contract-in-india-by-german-company-having-no-pe-in-india.html http://taxguru.in/income-tax-case-laws/aar-on-taxability-of-income-from-execution-of-contract-in-india-by-german-company-having-no-pe-in-india.html#comments Mon, 19 Oct 2009 17:01:49 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=13159 http://taxguru.in/income-tax-case-laws/aar-on-taxability-of-income-from-execution-of-contract-in-india-by-german-company-having-no-pe-in-india.html/feed/ 0 New Tax Code and Corporate Taxation http://taxguru.in/income-tax/new-tax-code-and-corporate-taxation.html http://taxguru.in/income-tax/new-tax-code-and-corporate-taxation.html#comments Fri, 16 Oct 2009 07:52:39 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=13626 http://taxguru.in/income-tax/new-tax-code-and-corporate-taxation.html/feed/ 0 Taxability of Sale Proceed of Assets Purchased before introduction of block concept and sale thereafter http://taxguru.in/income-tax-case-laws/taxability-of-sale-proceed-of-assets-purchased-before-introduction-of-block-concept-and-sale-thereafter.html http://taxguru.in/income-tax-case-laws/taxability-of-sale-proceed-of-assets-purchased-before-introduction-of-block-concept-and-sale-thereafter.html#comments Thu, 08 Oct 2009 02:14:17 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=10228 http://taxguru.in/income-tax-case-laws/taxability-of-sale-proceed-of-assets-purchased-before-introduction-of-block-concept-and-sale-thereafter.html/feed/ 0 Loan waived by lender is not taxable in the hand of borrower http://taxguru.in/income-tax-case-laws/loan-waived-by-lender-is-not-taxable-in-the-hand-of-borrower.html http://taxguru.in/income-tax-case-laws/loan-waived-by-lender-is-not-taxable-in-the-hand-of-borrower.html#comments Fri, 25 Sep 2009 02:30:08 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=12641 http://taxguru.in/income-tax-case-laws/loan-waived-by-lender-is-not-taxable-in-the-hand-of-borrower.html/feed/ 0 Section 143, read with sections 234A to 234C, of the IT Act and articles 12 and 7 of the DTAA between India and USA http://taxguru.in/income-tax-case-laws/section-143-read-with-sections-234a-to-234c-of-the-income-tax-act-1961-and-a.html http://taxguru.in/income-tax-case-laws/section-143-read-with-sections-234a-to-234c-of-the-income-tax-act-1961-and-a.html#comments Fri, 25 Sep 2009 01:57:15 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=12632 http://taxguru.in/income-tax-case-laws/section-143-read-with-sections-234a-to-234c-of-the-income-tax-act-1961-and-a.html/feed/ 0 Revision under section 263 of IT Act, 1961 is not reassessment http://taxguru.in/income-tax-case-laws/revision-under-section-263-of-it-act-1961-is-not-reassessment.html http://taxguru.in/income-tax-case-laws/revision-under-section-263-of-it-act-1961-is-not-reassessment.html#comments Wed, 09 Sep 2009 11:44:33 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=10774 http://taxguru.in/income-tax-case-laws/revision-under-section-263-of-it-act-1961-is-not-reassessment.html/feed/ 0 Treatment of profit on sale of shares when Assessee hold shares for more then 12 months http://taxguru.in/income-tax-case-laws/treatment-of-profit-on-sale-of-shares-when-assessee-hold-shares-for-more-then-12-months.html http://taxguru.in/income-tax-case-laws/treatment-of-profit-on-sale-of-shares-when-assessee-hold-shares-for-more-then-12-months.html#comments Mon, 07 Sep 2009 03:59:47 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=11520 http://taxguru.in/income-tax-case-laws/treatment-of-profit-on-sale-of-shares-when-assessee-hold-shares-for-more-then-12-months.html/feed/ 0 Depreciation on transfer of Investment from available for sale (AFS) to held to maturity (HTM) category by banks http://taxguru.in/income-tax-case-laws/depreciation-on-transfer-of-investment-from-available-for-sale-afs-to-held-to-maturity-htm-category-by-banks.html http://taxguru.in/income-tax-case-laws/depreciation-on-transfer-of-investment-from-available-for-sale-afs-to-held-to-maturity-htm-category-by-banks.html#comments Mon, 31 Aug 2009 16:25:30 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=10773 http://taxguru.in/income-tax-case-laws/depreciation-on-transfer-of-investment-from-available-for-sale-afs-to-held-to-maturity-htm-category-by-banks.html/feed/ 0 Taxability of Income to American company by allowing use of its database located abroad to customers in India http://taxguru.in/income-tax-case-laws/taxability-of-income-to-american-company-by-allowing-use-of-its-database-located-abroad-to-customers-in-india.html http://taxguru.in/income-tax-case-laws/taxability-of-income-to-american-company-by-allowing-use-of-its-database-located-abroad-to-customers-in-india.html#comments Mon, 24 Aug 2009 15:18:47 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=10218 http://taxguru.in/income-tax-case-laws/taxability-of-income-to-american-company-by-allowing-use-of-its-database-located-abroad-to-customers-in-india.html/feed/ 0 Major changes proposed in Direct Tax Code related to Capital Gain tax http://taxguru.in/income-tax/major-changes-proposed-in-direct-tax-code-related-to-capital-gain-tax.html http://taxguru.in/income-tax/major-changes-proposed-in-direct-tax-code-related-to-capital-gain-tax.html#comments Wed, 19 Aug 2009 03:01:02 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=11380 http://taxguru.in/income-tax/major-changes-proposed-in-direct-tax-code-related-to-capital-gain-tax.html/feed/ 0 Cut in corporate tax rate will not benefit all sectors as MAT will increase tax burden http://taxguru.in/income-tax/cut-in-corporate-tax-rate-will-not-benefit-all-sectors-as-mat-will-increase-tax-burden.html http://taxguru.in/income-tax/cut-in-corporate-tax-rate-will-not-benefit-all-sectors-as-mat-will-increase-tax-burden.html#comments Mon, 17 Aug 2009 03:56:55 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=11316 http://taxguru.in/income-tax/cut-in-corporate-tax-rate-will-not-benefit-all-sectors-as-mat-will-increase-tax-burden.html/feed/ 0 AAR on taxability of payments made by applicant to a British company for rendering telecom services in India http://taxguru.in/income-tax-case-laws/aar-on-taxability-of-payments-made-by-applicant-to-a-british-company-for-rendering-telecom-services-in-india.html http://taxguru.in/income-tax-case-laws/aar-on-taxability-of-payments-made-by-applicant-to-a-british-company-for-rendering-telecom-services-in-india.html#comments Fri, 24 Jul 2009 05:21:17 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=9874 http://taxguru.in/income-tax-case-laws/aar-on-taxability-of-payments-made-by-applicant-to-a-british-company-for-rendering-telecom-services-in-india.html/feed/ 0 Mistakes people commit generally in filing income tax return http://taxguru.in/income-tax/mistakes-people-commit-generally-in-filing-income-tax-return.html http://taxguru.in/income-tax/mistakes-people-commit-generally-in-filing-income-tax-return.html#comments Fri, 24 Jul 2009 01:06:19 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=10533 http://taxguru.in/income-tax/mistakes-people-commit-generally-in-filing-income-tax-return.html/feed/ 17 Income cannot be assessed as “income from house property just because income is attached to immovable property http://taxguru.in/income-tax-case-laws/income-cannot-be-assessed-as-income-from-house-property-just-because-income-is-attached-to-immovable-property.html http://taxguru.in/income-tax-case-laws/income-cannot-be-assessed-as-income-from-house-property-just-because-income-is-attached-to-immovable-property.html#comments Sat, 18 Jul 2009 01:55:44 +0000 CA Sandeep Kanoi http://www.taxguru.in/?p=9756 http://taxguru.in/income-tax-case-laws/income-cannot-be-assessed-as-income-from-house-property-just-because-income-is-attached-to-immovable-property.html/feed/ 2