#section 56
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811 articlesIncome Tax

Income Tax
Deduction of S.80P(2)(d) was allowed on interest income earned from Cooperative Banks and Savings Accounts
Income Tax

Income Tax
Section 56(2)(viib) Applies to Share Premium Exceeding FMV, Regardless of Shareholder Relationship or Status
Income Tax

Income Tax
IT Dept Cannot Reject FMV of Shares Determined by Statutory Methods: Karnataka HC
Income Tax

Income Tax
Interest paid in respect of interest income attributable u/s. 80P(2) is allowable
Income Tax

Income Tax
ITAT allows tax exemption of Rs 1.5 Cr to Kapil Dev on one-time benefit by BCCI
Income Tax

Income Tax
Tax on Gift from Step-brother/sister under Section 56: ITAT Mumbai Ruling
Income Tax

Income Tax
No Section 56(2)(x) Addition for Agreement Value Reduction Due to GST Rate Hike: ITAT Mumbai
Income Tax

Income Tax
Amendment to Tolerance Limit Under Section 50C/56(2)(x) is Curative: ITAT Mumbai
Goods and Services Tax

Goods and Services Tax
Stressed Assets Stabilization Fund is a deemed dealer under MVAT Act
Income Tax

Income Tax
ITAT Ahmedabad orders Fresh Assessment on FD Interest from Land Compensation
Income Tax

Income Tax
Recovery or repayment of fraudulent income doesn’t qualify as allowable expense
Income Tax

Income Tax
Redevelopment Agreement: Allotment of New Flat Cannot Be Taxed Under Section 56(2)(x)
Income Tax

Income Tax
Section 10(23C) exemption cannot be denied for Filing of ITR-5 instead of ITR-7
Goods and Services Tax

Goods and Services Tax
