Follow Us :

No Section 14A disallowance if Assessee not used borrowed fund to make investment

August 28, 2019 1557 Views 0 comment Print

The question raised in appeal is challenging the action of CIT(A) in confirming the addition made on account of Section 14(A) r.w.s. 8D(2)(ii)&(iii) of the Rules.

Section 148 Notice based on Investigation report sustainable if AO enquired before issuing such Notice

August 20, 2019 3657 Views 0 comment Print

The issue under consideration is whether the re-opening of the assessment u/s 147 based on information from investigation report is justified in law?

Interest on deposit received by Co-Op Bank made in ordinary course of business is Business Income

July 31, 2019 447 Views 0 comment Print

The issue under consideration is that the Income of interest received on advances should be considered as income from other sources or not?

Section 68: Issue of shares in lieu of shares was not unexplained credit

July 31, 2019 1917 Views 0 comment Print

The issue under consideration is whether the addition u/s 68 on account of share capital and share premium by treating the same as unexplained cash credit is justified in law?

Order passed on Merit after due opportunities cannot be termed as Ex-parte order

July 30, 2019 3882 Views 0 comment Print

The issue under consideration is if Assessee remained absent on more than one occasions and appeal decided on merits then whether it will be called as Ex-parte order?

Aseesee can have both Trading & Investment Portfolio for Business Income & Capital Gain

July 25, 2019 1404 Views 0 comment Print

The issue under consideration is that whether the assessee having business of land trading can show capital gains from arising out of transfer of land and claim exemption u/s 54F?

No Regular bail under GST to accused in bogus bill case

July 24, 2019 774 Views 0 comment Print

Vikas Goel Vs Deputy Director, Directorate General of Goods and Service Tax Intelligence (Punjab and Haryana HC) Petitioner has filed this second petition under Section 439 of the Code of Criminal Procedure, 1973 for grant of regular bail in a complaint case bearing No.COMA-137 dated 13.11.2018, titled as ‘Shankar Prasad Sarma Versus MICA Industries and […]

Capital gains exempt u/s 54EC could be reckoned for book profit u/s 115JA

July 20, 2019 1743 Views 0 comment Print

In the given case the issue under consideration is that whether capital gains, which were exempt under section 54EC could be reckoned for purpose of computing book profit under section 115JA

Section 272A Penalty not justified for Assessee having exempt income under Section 10(23C)

July 12, 2019 12777 Views 0 comment Print

Whether the penalty levied by CIT(A) u/s 272A of the Income Tax Act, 1961 is justified in law? Penalty u/s 272A is not justified for Assessee having exempt income u/s 10(23C).

On failure to prove agriculture activity, Income can be treated as non-agricultural

July 5, 2019 756 Views 0 comment Print

Whether the AO is correct in making addition in the return by considering the income as not from agriculture on the failure of Assessee to prove agriculture activity?

Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031