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Judiciary

Condonation cannot be based solely on subsequent changes in law: SC

July 9, 2024 378 Views 0 comment Print

Supreme Court allows delay condonation for DDA in public interest while upholding acquisition under 1894 Act in various cases. Analysis of the landmark judgment.

Dividend on Donated Shares to Corpus Fund Not Income from Other Sources

July 9, 2024 456 Views 0 comment Print

Explore ITAT Delhi’s ruling on dividend income exemption under section 11 of IT Act 1961. Detailed analysis of judgment against Revenue appeal for AY 2021-22.

Capital Gain cannot be treated as Bogus without any concrete evidence

July 9, 2024 693 Views 0 comment Print

Explore the case of Shaily Prince Goyal vs ITO (ITAT Mumbai) regarding cash credits from penny stock sales. Detailed analysis of Section 10(38), 45, and 69C under Income Tax Act, 1961.

Change in Law or Judgment by Larger Bench Not Grounds for Review

July 9, 2024 417 Views 0 comment Print

Tribunal’s order cannot be recalled based on subsequent judgments, citing DCIT Vs ANI Integrated Services Ltd. Understand implications under Section 254(2) of Income Tax Act.

Gain from Sell of shares of ICL held for over 10 years is Genuine: ITAT Mumbai

July 9, 2024 315 Views 0 comment Print

Read the detailed analysis of Elara India Opportunities Fund Ltd Vs DCIT (ITAT Mumbai) regarding the addition under section 68 of the Income Tax Act on sale of shares of M/s. International Conveyors Ltd.

Notice uploaded on Portal but not mailed: ITAT directs reconsideration of Section 12A & 80G applications

July 9, 2024 447 Views 0 comment Print

Explore the ITAT Delhi’s ruling on Raghunandan Mishra Charitable Trust’s 12A and 80G registration applications. Analysis of CIT(Exemption)’s ex-parte order and IT portal notice issue.

Section 50C not applies to Approved Transfers by Statutory Authorities

July 9, 2024 429 Views 0 comment Print

Section 50C not applies if transfer of capital asset took place as per approval and under the supervision of the statutory authorities and after due process of inviting the public objections in respect of the said transactions.

AAR cannot give ruling on Sub Judice, Inadmissible & Beyond Jurisdiction issues

July 9, 2024 294 Views 0 comment Print

Explore the detailed ruling of Srinivas Plywoods’s GST AAR in Karnataka. Learn about input tax credit on property rentals, RCM on freight, and GST implications for businesses with multiple operations under one GST number.

GST not exempt on Security Services Provided to BBMP: AAR Karnataka

July 9, 2024 327 Views 0 comment Print

Explore the GST ruling on whether BBMP is exempt from GST for security services outsourced from agencies. Understand the legal implications and expert analysis here.

GST on Renting of Boys’ Hostel for Scheduled Tribes from Social Welfare Dept.

July 9, 2024 339 Views 0 comment Print

Understand the tax implications of rent received from the Department of Social Welfare under GST. Detailed analysis of GST AAR Karnataka’s ruling.

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