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| Time barred for filing appeal, are we having opportunity to file before CIT(appeal) or nation face less appellate forums | |
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| sale of agriculture land in cash penalty under section 269ss | |
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| Excerpt of query: | assessee sold the agriculture land in cash of rs. 90.00 lakhs and cash was deposited into the bank account by the asssessee. the assessee don’t has any taxable income. whole cash was received at time of sale deed. whether penalty is leviable under section 269SS, if not what are the grounds. |
| kanak Impex Bom H C | |
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| Excerpt of query: | can this case law be applied by AO to disallow all unverifiable purchases fully? what is defense left ? |
| HUF | |
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| Excerpt of query: | Is unequal partition possible under tax laws ? Is order u/s 171 mandatory ? any case laws ? |
| arbitrator | |
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| Excerpt of query: | if he does not resign , what to do ? |
| capital gains scheme | |
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| Excerpt of query: | LTCG sale price invested in cap gain scheme account till what date it has to be used ? If unused for long time , what will happen to exemption u/s 54F earlier claimed ? In the year of withdrawal, will it be LTCG or STCG |
| interest under section 36(1)(iii) disallowed | |
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| Excerpt of query: | Assessee has given interest free advance which is sufficient to cover from the interest free fund available in the form of partners capital and interest free advance taken. Despite of this fact the ld AO has disallowed proportionate interest under section 36(1)(iii). |
| Query on COA of Land | |
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| Excerpt of query: | A has purchased Agri land for Rs.10 Lakhs in the year 2000. In FY 2023-24 A has converted this Agri Land to NA land for selling them in various plots. Valuation of the land on the date of conversion was Rs.100 Lakhs. All plots have been sold in FY 2024-25 for Rs.300 lakhs. Now query is, whether A can claim Rs.100 lakhs i.e. value as on date on conversion as a cost of land against sale of Rs.300 lakhs? If yes then any supportive section. If no then any other alternatives? |
| Revision Petition u/s 264 | |
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| Excerpt of query: | Please confirm whether online Revision Petition u/s 264 can be filed? |
| Section 56(2)(x)(ix) | |
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| Excerpt of query: | Does it apply to Right issue of shares by a Private Limited Company |