#CA Girish Gupta
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87 articlesIncome Tax
Income Tax
Tribunal Power to grant stay is confined only to appellate order
Income Tax
Income Tax
Re-opening due to mere audit objection not valid
Income Tax
Income Tax
No Penalty on additions sustained on alleged Bogus Purchase for mere non-production of parties
Income Tax
Income Tax
No Penalty u/s 271(1)(c) if advance tax paid on undisclosed income
Income Tax
Income Tax
Construction Business- No Revenue recognition if substantial risk & reward not transferred to buyer
Income Tax
Income Tax
No Rejection of books of accounts in absence of any material defect
Income Tax
Income Tax
Penalty cannot be imposed for mere non acceptance of evidences during Quantum Assessment
Income Tax
Income Tax
TDS on exempt income allowable in the year of deduction of Tax
Income Tax
Income Tax
Character of land at the time of sale relevant to consider nature of income, period of holding not relevant
Income Tax
Income Tax
TDS Provision is applicable only when payment is made in ‘monetary terms’
Income Tax
Income Tax
Compensation received towards damage to the land is capital receipt
Income Tax
Income Tax
Where all critical functions & risk is assumed by AEs, it is not permitted to re-characterize the facilitation service provided as trading activity
Income Tax
Income Tax
Imputed interest computed on deemed loan resulting from issue of equity shares less than the fair market value is not legally sustainable
Income Tax
Income Tax
