#Rishabh Mehra
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100 articlesCorporate Law

Corporate Law
Commitment by lawyer without express consent of client will not bind the client : SC
Income Tax

Income Tax
Bonafide mistake in Disclosure of income under wrong head – No penalty u/s 271(1)( c)
Income Tax

Income Tax
Wrongly disclosed income does not mean undisclosed income, penalty u/s 271(1)(c) cannot be levied.
Income Tax

Income Tax
2nd proviso to sec 40(a)(ia) inserted in FA ,2012 have retrospective effect from 01-04-2005
Income Tax

Income Tax
sec 263 can be invoked If assessment has been done without examinations/inquiry
Income Tax

Income Tax
NO TDS on payment of Interest by co-operative society to its Members
Income Tax

Income Tax
Hundi discounting charges to carry on business is revenue expenses
Income Tax

Income Tax
Penalty u/s 271D & 271E for raising & repayment of loans in cash cannot be imposed if sufficient reasonable cause exist
Income Tax

Income Tax
Order u/s 250 cannot be passed ex-parte without giving reasonable opportunity of being heard to assessee
Income Tax

Income Tax
Income from business of letting of property taxable as Business Income
Income Tax

Income Tax
If building is constructed by trust on land owned by trustee; the provisions of sec 13(1) does not gets attracted
Income Tax

Income Tax
No wealth tax on land which remains vacant as per construction Plan
Income Tax

Income Tax
For computing income u/s 80I or 80 IA only losses and deductions of eligible business has to be considered from initial A.Y.
Income Tax

Income Tax
