Case Details: Mantra Industries Ltd. v. National Faceless Assessment Centre – [2021] 131 taxmann.com 165 … Continue reading “HC quashes assessment order passed by AO without application of mind; cost to be recover from him if such order continues”
Case Details:CIT v. Pricol Ltd. – [2021] 130 taxmann.com 459 (Madras) Judiciary and Counsel Details … Continue reading “Writing off security deposit is allowable if Co. discontinued its business for which such deposit was made: HC”
Ketan Ved, Samir Parekh, Avani Shetty and Hema Mamgai – [2021] 131 taxmann.com 107 (Article) … Continue reading “Addressing a unique mind challenge – Tracking the current statutory deadlines”
Notification No. 119, dated 11-10-2021 The Central Board of Direct Taxes (CBDT) has exempt the … Continue reading “CBDT exempts certain non-residents from furnishing ITR subject to fulfillment of conditions”
Case Details: CIT v. Mohammed Meeran Shahul Hameed – [2021] 131 taxmann.com 94 (SC) Judicial … Continue reading “Date of passing of order by CIT to be considered while computing limitation period for revisional proceedings: SC”
Introduction Income is taxable under the head ‘house property’ if it arises from a property … Continue reading “Income from House Properties – Exemption, Relief and Practice Questions”
Case Details: InterGlobe Aviation Limited (IndiGo) v. ACIT – [2021] 131 taxmann.com 98 (Delhi – … Continue reading “Credit received from supplier for choosing its engines in aircraft to be purchased is capital receipt: ITAT”
Karthik Natarajan – [2021] 131 taxmann.com 50 (Article) Section 195 imposes a statutory obligation on … Continue reading “Examination of Payments made by individuals as rent to non-residents and applicability of Forms 15CA and 15CB therein”
Case Details: Tushar Agro Chemicals v. PCIT – [2021] 130 taxmann.com 432 (Gujarat) Judiciary and … Continue reading “Appeal to be treated as pending before court even if delay occurred in filing same was not condoned: HC”
Case Details:Manickam Subramanian v. ACIT – [2021] 130 taxmann.com 433 (Madras) Judiciary and Counsel Details … Continue reading “Madras HC remanded matter as assessee was asked to submit voluminous doc. within 2-3 days”
