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section 43

Latest Articles


Taxation of Derivative and Futures & options (F&O) Transactions

Income Tax : Learn about taxation on derivatives and F&O transactions, their treatment as business income, audit requirements, and presumptive ...

September 17, 2024 5511 Views 0 comment Print

Bonafide Mistake: Still a Bonafide plea under Black Money Act?

Income Tax : Explore conflicting rulings on whether bonafide mistakes in disclosing foreign assets under the Black Money Act can avoid penaltie...

August 26, 2024 690 Views 0 comment Print

Things to Keep in Mind While Disclosing Your F&O Income at the Time of Filing Taxes

Income Tax : F&O traders need to know how their profits are taxed. With the ITR return filing date approaching, it is imperative to know how st...

July 9, 2024 2154 Views 0 comment Print

Payment to MSMEs in 45/15 Days: Section 43B(h) Explained

Income Tax : Explore the impact of Finance Act, 2023, on MSME payment enforcement under section 43B(h) of the Income Tax Act, 1961. Understand ...

February 5, 2024 212103 Views 9 comments Print

Analysing Bail Jurisprudence under PMLA: Unravelling Problematic Twin Conditions

Corporate Law : Explore complexities of PMLA bail conditions, their impact on accused, and constitutional concerns. A comprehensive analysis sheds...

January 6, 2024 1749 Views 0 comment Print


Latest Judiciary


Look back period extension beyond 2 years for related party transaction u/s. 43 not allowed

Company Law : Held that the outstanding being of more than 2 years prior to CIRP commencement date, the relief under Section 43 of the Code woul...

October 24, 2024 339 Views 0 comment Print

Concession rate benefit u/s. 112 not available on short term capital gain computed u/s. 50: ITAT Mumbai

Income Tax : ITAT Mumbai held that assessee is not entitled for concession rate of tax of 20% provided under section 112(1) of the Income Tax A...

October 19, 2024 7941 Views 0 comment Print

No applicability of sec. 115JB(2)(b) to Union Bank due to non-company status under Companies Act

Income Tax : Assessee-bank had calculated tax for the relevant assessment year based on both book profits under Section 115JB at Rs.604,86,39,5...

September 20, 2024 432 Views 0 comment Print

Avoidance application timelines under IBC Regulation 35A is not mandatory: Delhi HC

Company Law : Delhi High Court held that timelines under Regulation 35A of the CIRP Regulations, 2016 for filing avoidance application are direc...

August 17, 2024 1356 Views 0 comment Print

Exemption u/s 10(38) admissible even if STT not paid on shares acquired on or after 01.10.2004: ITAT Mumbai

Income Tax : ITAT Mumbai held that since the shares were acquired on or after 01.10.2004, the assessee would be entitled to claim exemption of ...

July 31, 2024 870 Views 0 comment Print


Latest Notifications


CBDT notifies more modes of e-payments; 6DD limit reduced to ₹ 10000

Income Tax : Notification No. 8/2020-Income-Tax- CBDT has notified Other electronic modes by inserting New Income TAx Rule 6ABBA. It also amend...

January 29, 2020 13158 Views 0 comment Print

CBDT notifies Ace Derivatives and Commodity Exchange Ltd.’ for trading of commodity derivative U/s. 43(5)

Income Tax : Notification No. 15/2014-Income Tax entral Government hereby notifies the Ace Derivatives and Commodity Exchange Limited, Ahmedaba...

March 20, 2014 826 Views 0 comment Print


Latest Posts in section 43

Look back period extension beyond 2 years for related party transaction u/s. 43 not allowed

October 24, 2024 339 Views 0 comment Print

Held that the outstanding being of more than 2 years prior to CIRP commencement date, the relief under Section 43 of the Code would not be available. In the circumstances we set aside the impugned order passed by Ld. NCLT, with liberty aforesaid.

Concession rate benefit u/s. 112 not available on short term capital gain computed u/s. 50: ITAT Mumbai

October 19, 2024 7941 Views 0 comment Print

ITAT Mumbai held that assessee is not entitled for concession rate of tax of 20% provided under section 112(1) of the Income Tax Act on the short term capital gain computed under section 50 of the Income Tax Act.

No applicability of sec. 115JB(2)(b) to Union Bank due to non-company status under Companies Act

September 20, 2024 432 Views 0 comment Print

Assessee-bank had calculated tax for the relevant assessment year based on both book profits under Section 115JB at Rs.604,86,39,540 and normal provisions at Rs.1153,29,54,493.

Taxation of Derivative and Futures & options (F&O) Transactions

September 17, 2024 5511 Views 0 comment Print

Learn about taxation on derivatives and F&O transactions, their treatment as business income, audit requirements, and presumptive taxation options.

Bonafide Mistake: Still a Bonafide plea under Black Money Act?

August 26, 2024 690 Views 0 comment Print

Explore conflicting rulings on whether bonafide mistakes in disclosing foreign assets under the Black Money Act can avoid penalties under Section 43.

Avoidance application timelines under IBC Regulation 35A is not mandatory: Delhi HC

August 17, 2024 1356 Views 0 comment Print

Delhi High Court held that timelines under Regulation 35A of the CIRP Regulations, 2016 for filing avoidance application are directory and not mandatory in nature.

Exemption u/s 10(38) admissible even if STT not paid on shares acquired on or after 01.10.2004: ITAT Mumbai

July 31, 2024 870 Views 0 comment Print

ITAT Mumbai held that since the shares were acquired on or after 01.10.2004, the assessee would be entitled to claim exemption of LTCG u/s 10(38) of the Income Tax Act even if the Securities Transaction Tax (STT) was not paid at the time of acquisition.

Transfer by Corporate Debtor resulting into value enhancement outside ambit of section 43 of IBC: NCLT Mumbai

July 24, 2024 225 Views 0 comment Print

ITAT Delhi held that written off of obsolete inventory allowable as prepared in accordance with accounting standards and duly got prepared audited report of an independent auditor.

Things to Keep in Mind While Disclosing Your F&O Income at the Time of Filing Taxes

July 9, 2024 2154 Views 0 comment Print

F&O traders need to know how their profits are taxed. With the ITR return filing date approaching, it is imperative to know how stock options trading taxes work.

NCLT admits CIRP of Richfeel Health & Beauty Pvt Ltd

July 2, 2024 471 Views 0 comment Print

Explore the detailed analysis of Mayur Rajendra Kumar Popat Vs Rajul Mehta & Ors. case from NCLT Mumbai. Learn about the resolution plan, creditors’ approvals, and financial implications.

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