#section 56
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811 articlesIncome Tax
Income Tax
No Disallowance on Proven Loan Use; Forecasting Expense Allowed as Business Cost – Aishwarya Bachchan Gest Relief
Income Tax
Income Tax
Fair Market Value Tax Rules: Gifts, ESOPs, Inventory Conversion & Share Transfers
Income Tax
Income Tax
Section 80P Deduction Allowed on Bank Interest – ITAT Follows Tumkur Merchants, Distinguishes Totagars
Income Tax
Income Tax
Post-Search, AO Cannot Use Section 147 – Reassessment Quashed as Void
Income Tax
Income Tax
Section 56 & 69 Additions deleted After Reassessment Proceedings Quashed
Income Tax
Income Tax
Development fee collected for funding capital expenditure for airport development not taxable as revenue income
Income Tax
Income Tax
GST Turnover Differences Not Taxable if Already Recognized; Notional IND-AS Interest Not Taxable Without Real Accrual
Income Tax
Income Tax
Mutuality upheld, but bank interest taxed: ITAT sends club case back
Income Tax
Income Tax
U/s 80P relief on bank interest: ITAT follows Tumkur, rejects Totgars
Income Tax
Income Tax
U/s 80P claim closed, but cost of funds gets second chance: ITAT remands Sec 57 issue
Income Tax
Income Tax
Interest on Bank Deposits to Co-op Society is Business Income Due to Statutory Requirement: ITAT Pune
Income Tax
Income Tax
ITAT Allows 10% Safe Harbour on DVO Valuation Due to Estimation Nature of Property Values
Income Tax
Income Tax
Flat Received on Tenancy Surrender Not Taxable U/s. 56(2)(x) & Section 54F Exemption allowed
Income Tax
Income Tax
