Day: January 25, 2025
49 articlesCA, CS, CMA
CA, CS, CMA
ICAI Clears CA of Misconduct Over Alleged Irregularities in Ludhiana Branch Operations
Income Tax
Income Tax
AO must determine FMV of shares in terms of Explanation to Sec. 56(2)(viib): ITAT
Income Tax
Income Tax
Proceedings against deceased person cannot continue against legal representative: Karnataka HC
Income Tax
Income Tax
Addition unwarranted as GP rate on sale of alleged bogus purchases is more than GP rate of other purchases
Custom Duty
Custom Duty
No Section 114AA penalty if customs broker not responsible for forging any documents
Income Tax
Income Tax
Revision u/s. 263 justified as AO accepted claim without adequate enquiry: Kerala HC
Income Tax
Income Tax
Interest free advance given to farmers out of business expediency justified: ITAT Agra
Income Tax
Income Tax
Sales promotion expense allowed as deduction u/s. 37(1) as evidences duly produced: ITAT Kolkata
Income Tax
Income Tax
Lack of Query & Answer in Assessment Order Not Grounds for Revision if AO Satisfied
Income Tax
Income Tax
Once a view is conclusively taken by AO, reassessment based on same material cannot occur
Income Tax
Income Tax
Section 263: Lack of Detailed Reasoning Not Equal to Non-Application of Mind
Income Tax
Income Tax
Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai
Income Tax
Income Tax
Section 54F Exemption denied for delay in Construction Beyond Statutory Timeline
Income Tax
Income Tax
