How to Optimize building sale
The Kerala High Court in CIT v. Smt. Lakshami B Menon (2003) 264ITR76 held that land and building would be…
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Wrong reopening ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Opportunity for philanthropy without any tags
Whereby virtue of any agreement, settlement, trust, covenant, agreement, gift deed or any other arrangement for transfer, income arises to…
......Read MoreDeveloper/ Builder’s Agreement
In the case of DCIT v. G.H.P.Corp. (107TAX133) the assessee engaged the services of a developer for development and construction…
......Read MoreExtinguishment of Right
The Bombay High Court in the case of CIT v. Hade Navigation (P.) Ltd. (107TAX372) redefined the law laid down…
......Read MoreDeveloper/ Builder’s Agreement
In the case of DCIT v. G.H.P.Corp. (107TAX133) the assessee engaged the services of a developer for development and construction…
......Read MoreExtinguishment of Right
The Bombay High Court in the case of CIT v. Hade Navigation (P.) Ltd. (107TAX372) redefined the law laid down…
......Read MoreExemption to Spouse
If the house property which was used for residential purpose by the assessee or his parent is sold and from…
......Read MoreParting Possession is Buzz Word
The capital gains tax can be levied as soon as the possession of the property is handed over to the…
......Read MoreSlump Sale or sale of individual assets
The Income tax Act, 1961 only recognize two types of sale transactions of business assets of business. One type of…
......Read MoreInvestible funds & investment period – Limitations, if any
The Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction under…
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