Mukesh Sohanraj Vardhan Vs. ITO (Mumbai ITAT) The ITAT Mumbai has put to rest an important controversy in the case of Mukesh Sohanraj Vardhan vs Income Tax Officer Mumbai decided on 28 August 2020 by holding that the extra consideration received on cancellation of Booking of Flats constitutes a ‘Capital Receipt’ and cannot be taxed as […]
P&H HC orders FIR & CBI enquiry into Builder/State connivance & declares construction of Ambience Mall, Gurgaon illegal The Punjab & Haryana High Court in the case of Amitabha Sen v. Raj Singh Gehelot, decided recently on 10-7-2020 has not only declared that the construction of Gurgaon’s famous Ambience Mall illegal but also ordered a CBI […]
In our country drinking RO water is stark necessity for some, essential for many and just a splurge for the others. Most of us use RO water as an abundant caution to protect ourselves from waterborne diseases. It is pertinent that atleast 4 parts of water is needed to produce 1 part of RO water […]
Learn about the Public Records Act 1993 and RTI, and the potential prosecution for loss or misplacement of government files.
The old legal maxim reads ‘Justice delayed is justice denied’. It means that if legal redressal or equitable relief to an injured party is not available early, it is effectively the same as having no remedy at all. Justice is one of civilisation’s foundational goals. It is therefore imperative for the judiciary to perform its […]
In a recent judgement dated 23 July, 2020 in the case of Sunil Rathee & Ors. vs The State of Haryana & Ors., the Apex Court had an opportunity to explain the circumstances when cases can be transferred from High Courts to itself under Article 139A of the Constitution of India.
Only 11 days left for non-filers to file & erring taxpayers to revise ITR for AY 2019-20. Avoid penalties & comply with Income Tax requirements.
Beware: IT Department through New Form 26AS has almost all information about your transactions There was a time when the IT department only knew what the taxpayer disclosed in his return of income & whatever was gathered from the scanty books of account produced during the course of assessment. The accounts were maintained manually in […]
Moratorium of loans ending- Urgent need to extend moratorium or restructure loans The Government had announced Moratorium of loans till 31, 2020 and the deadline is approaching fast. The Government had anticipated that Covid pandemic would end by this time and both business & life would normalise but things have not gone the way as […]
One thing is sure- the Covid-19 Pandemic, which has plagued the whole world, is not ending soon. Rather it is reappearing in some countries after its extinction. The present pandemonium & chaos would only end if the virus dies on its own or its cure/vaccination is soon developed or there is ‘herd immunity’ amongst the people.
