S.54EC amendment- Removal of Ambiguity- Bad News or Good News
Of all those who are going to make a claim for exemption u/s 54EC of Rs. 1 crore in…
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Today's
Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
SEZ Income Deduction u/s 10AA- Not So Controversial
The manner of computation of allowance of deductions u/s 10A, 10AA, 10B and 10BA under Chapter III of…
......Read More2G Spectrum allotment –Presumptive loss of 176,645 crore (US$33.56 billion)??- 2/2/12 Supreme Court ruling a boon for revenue
The Supreme Court in their recent ruling in Centre of Public Interest Litigation and others v. Union of India…
......Read MoreInterest free advance to associate concerns
In the case of Gujarat Narmada Valley Fertilisers Co. Ltd. V. Dy. CIT (108TAX213) the assessing officer disallowed part…
......Read MoreDepreciation- put to use condition
In the case of Gujarat Narmada Valley Fertilisers Co. Ltd. V. Dy. CIT (108TAX213) the assessee had not made any…
......Read MoreConstitution of HUF
The Bombay High Court in the case of CIT v. J. R. Lalwani(108TAX413) reiterated the well settled law laid down…
......Read MoreDeduction u/s 80HHC/80HHD- Formula Application
In the context of computation of deduction u/s 80HHC the Jaipur Bench of the ITAT in the case of Wolkem…
......Read MoreDeduction u/s 43B- Provident Fund Payments
In the case of CIT v. South India Corpn. Ltd.(108TAX322) the payment of provident fund was made after the grace…
......Read MoreHotel Activity is no Manufacture
In the context of an assessee running a five star hotel who had claimed investment allowance on air conditiong system…
......Read MoreExemption u/s 54
In the case of CIT v. R.L. Sood (108TAX27) the assessee who sold a residential house booked a flat with…
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