#income tax act 1961
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6,760 articlesIncome Tax
Income Tax
Income from production of hybrid seeds under supervision of company is exempt u/s. 10(1)
Income Tax
Income Tax
Addition towards bogus LTCG merely based on presumption without corroborative evidence cannot be sustained
Income Tax
Income Tax
Disallowance to be made u/s. 37 and not u/s. 69C when genuineness of expense doubted
Income Tax
Income Tax
Delay of 16 days in EPF deposit was allowable u/s 36(1)(va) as same was attributable due to COVID-19 Lockdown
Income Tax
Income Tax
Addition u/s. 68 upheld as money trail establishes circulation of unaccounted funds through shell company
Income Tax
Income Tax
Important of Deprecation Under ‘Income From business Or Profession’ Head
Income Tax
Income Tax
Seized amount being proceeds of crime cannot be recovered by income tax department prior to conclusion of PMLA trial
Income Tax
Income Tax
Brought forward additional depreciation of preceding year not to be set off against opening WDV
Income Tax
Income Tax
Reassessment notice was invalid if it was issued beyond the calculated “surviving time” or “last date” time limit
Income Tax
Income Tax
Loss on foreign currency derivative transaction and exchange rate difference allowed as expense
Income Tax
Income Tax
Final assessment order beyond period prescribed u/s. 144C(13) is barred by limitation
Income Tax
Income Tax
Notional interest disallowance u/s. 36(1)(vii) quashed as interest on borrowed fund allowable as revenue expense
Income Tax
Income Tax
STCG tax paid u/s. 111A cannot be reclassified u/s. 68 r.w.s. 1115BBE without any basis
Income Tax
Income Tax
