#CA Ghanshyam Vaswani
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24 articlesIncome Tax
Income Tax
Income from subletting of property is to be assessed as business income
Income Tax
Income Tax
Deduction u/s 80IA(4) cannot be disallowed, merely on the ground that assessee is not the owner of infrastructure facilities
Income Tax
Income Tax
Loan/Debt from a company to a firm thereby to the assesse, who has substantial interest in company and firm is not deemed dividend u/s 2(22)(e)
Income Tax
Income Tax
Notice u/s 148 for reassessment cannot be issued based on mere suspicion
Income Tax
Income Tax
Prior year interest cannot be disallowed if the change in the interest rate was retrospective
Income Tax
Income Tax
Forfeited application money can be claimed as business loss for investment business
Income Tax
Income Tax
Transfer to special reserve U/s. 45-IC of RBI Act is a part of book profit U/s. 115JB
Income Tax
Income Tax
Reassessment Notice U/s. 148 void even if issued by authorities who rank higher than competent authority
Income Tax
Income Tax
Reassessment u/s 147 valid if assesse had deemed notice of reassessment proceedings
Income Tax
Income Tax
Share Application money cannot be added to Income if Assessee discharges the onus cast on him
Income Tax
Income Tax
Addition cannot be made merely on the facts that assesse had filed a petition to claim the same
Income Tax
Income Tax
Commercial / Industrial properties cannot be assessed to Wealth tax
Income Tax
Income Tax
271(1)(c) : Penalty can be imposed on undisclosed bank accounts based on peak credits theory
Income Tax
Income Tax
