Case details: PPCIT v. Deccan Jewellera (P.) Ltd. – [2021] 132 taxmann.com 73 (Andhra Pradesh) … Continue reading “Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable”
Ruchesh Sinha, Anmol Batra & Alok Sinha – [2021] 132 taxmann.com 184 (Article) Since the … Continue reading ““Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015”
Case Details: Ashok Kukreja v. Income-tax Officer – [2021] 132 taxmann.com 102 (Indore – Trib.) … Continue reading “ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors”
1. Facts 1.1 BCCI The assessee, Board of Control for Cricket in India (“BCCI”), is … Continue reading “An Analysis of Mumbai ITAT’s Ruling in the ‘BCCI’ Case”
Case Details: CIT v. Nuclear Power Corporation of India Ltd. – [2021] 132 taxmann.com 100 … Continue reading “CIT can’t direct AO to add items to compute book profit for MAT without giving a reference of empowering provision”
Case Details: Federation of Trade Association of Pune v. CIT (Exemptions) – [2021] 132 taxmann.com … Continue reading “Assessee developing and protecting interest of commerce and industries is entitled to sec. 12A registration: ITAT”
Introduction The Government has introduced Rule 86A to block ineligible or fraudulently availed ITC by the … Continue reading “CBIC guidelines on blocking of credit under Rule 86A vide Circular No.04/2021”
Case Details: Smt. Santosh v. ITO – [2021] 132 taxmann.com 86 (Delhi – Trib.) Judiciary … Continue reading “Notice not containing complete address of assessee but his general location is not valid: ITAT”
Aseem Chawla – [2021] 132 taxmann.com 135 (Article) The total amount of black money being … Continue reading “Pandora Papers: Will Rhetoric Meet Same Fate & Persuasion Likely To Fade Away In Light Of Application Of Strict Test Of Evidence”
Case Details: Haren Textiles (P.) Ltd. v. PCIT – [2021] 132 taxmann.com 39 (Bombay) Judiciary … Continue reading “Assessee eligible for Sec. 264 revision if its application to get immunity from penalty got rejected: HC”
