Tenet Tax Daily November 15 2019
In case assessee failed to substantiate claim of commission expenses. disallowance made to be held valid
Failure to file evidence showing services were received from AE – fresh adjudication directed by ITAT
Tenet Tax Daily November 14 2019
Carry forward of business loss not available by filing revised return: HC
Tenet Tax Daily November 13 2019
Failure on part of AO to prove that legal heir was successor of deceased – additions deleted
Tenet Tax Daily November 12 2019
Construction expenditure incurred for completing construction after building sale eligible for deduction u/s. 37(1)
Tenet Tax Daily November 11 2019
Unsecured loan scrutinized during original assessment – No revision necessary
Tenet Tax Daily November 09 2019
Lottery income is different from Prize money won in lucky draw: ITAT
Tenet Tax Daily November 08 2019
Buses owned by assessee and run on hire eligible for higher deduction
Tenet Tax Daily November 07 2019
Method adopted for computing value of property under Income-tax Act & Wealth Tax Act should be same
Tenet Tax Daily November 06 2019
Where assessee provided evidences towards payment of gratuity – no disallowance is warranted
Tenet Tax Daily November 05 2019
In case value of stock shown by assessee was low Method of valuation of closing stock cannot be changed
Tenet Tax Daily November 04 2019
Sec. 12AA registration allowable to Society running vocational educational/training programme to generate employment
Tenet Tax Daily November 02 2019
Date of intimation u/s 143(1) would be taken as date from which Limitation period for sale of attached property is to be computed
Tenet Tax Daily November 01 2019
Agricultural land converted into residential plot prior to sale – No. Sec 54B relief
Tenet Tax Daily October 31 2019
Merely having entries in books of account cannot make loan genuine – Financial capacity of lenders should be proved
Tenet Tax Daily October 30 2019
Sec. 54F exemption allowed if new house purchased till due date of filing belated ITR
Tenet Tax Daily October 29 2019
Failure to prove sum deposited by assessee in bank was actually his salary withdrawn earlier – Additions justified
Tenet Tax Daily October 28 2019
In case holding exhibitions and conferences was ancillary to attainment of main objects sec. 2(15) is not violated
Tenet Tax Daily October 26 2019