Capital Gains – Page 3 – Daily Tax Reporter

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Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
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It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
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No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
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To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
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Transactions with dubious entities is reason enough for case reopening vide 421ITR624

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Capital Gains
54F exemption is protected even in multiple ownership of residential properties ......Read More

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Capital Gains

Investible funds & investment period – Limitations, if any

Sep 2, 2020 CA Gopal Nathani

The Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction under…

Capital Gains

Time factor concept- A Rational Angle

Sep 2, 2020 CA Gopal Nathani

Capital gains can enjoy income tax exemptions where proceeds are reinvested in specified assets within prescribed period. Often the assessee…

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