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| APPEAL BY NRI | |
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| Excerpt of query: | WHETHER AN APPEAL FILED BY NRI WOULD BE HEARD IN FACELESS MANNER OR IN PHYSICAL MODE? 2. WHETHER ASSESSMENT PROCEEDINGS IN THE CASE OF NRI WOULD BE HEARD IN FACELESS MANNER OR IN PHYSICAL MODE? 3. WHETHER BOTH APPEAL AND/ OR ASSESSMENT PROCEEDINGS ARE COVERED BY SECTION 144C ? |
| Issue of share at price lower than NAV by pvt ltd co | |
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| Excerpt of query: | Will this attract any tax liability ? |
| Buy back of shares by Pvt Ltd cos | |
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| Excerpt of query: | After introduction of 56[2]x , will Buy back of shares by Pvt Ltd cos be covered in the hands of shareholders on difference in FMV and buyback price? |
| income offered in hands of spouse | |
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| Excerpt of query: | Full tax was paid by wrongly offering income in hands of spouse Mrs A and tax on LTCG was paid fully . What remedy lies for the other spouse Mr A whose case is reopened for same tax and same income ? |
| 43B* ESIC PF paid within grace period of 5 days [employee’s contributions] | |
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| Excerpt of query: | Is this still allowable after judgement of SC in the case of Checkmate case ? |
| S.127-Power too transfer case | |
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| Excerpt of query: | order u/s 127 passed by cit without hearing Assessee. can it be challenged before ITAT in the absence of provision u/s 246A? what is the remedy once asst is over ? |
| 153C vs 148, Jurisdction | |
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| Excerpt of query: | before amendment in 2020, 2 sections , notices u/s 153C and 148 had been issued without proper jurisdiction. whether issue of one in the place of other makes order of asst void or liable to curable defect? |
| INTEREST ON REFUNDS U/S 244A(1A) | |
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| Excerpt of query: | Assessment u/s 143(3) for asst year 2006-07 was made on 31/3/2008.Assessee paid demand determined.Notice u/s 148 was issued and 143(3)/147 order passed on 31/12/2009 and new demand raised.Assessee paid the demand within 30 days and gone to appeal.In appeal the CIT(A) gave major relief in 2012/ITAT gave major relief in 2015. Now the AO give appeal effect orders in FEBRUARY 2022 for both CIT(A) /ITAT ORDERS but interest u/s 244A/244A(1A) was given at 6 pc per annum. My query is whether interest u/s 244A(1A) of additional 3 percent interest per annum is applicable to assessee. Q 1)Why the same was not granted. Q2)What is the remedy available to assessee. |
| capital gain | |
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| Excerpt of query: | Is it possible to defer tax on capital gain by making a clause in agreement that transfer is piecemeal on payment only ? Is it possible to adopt cash basis of accounting for capital gain ? |
| Cessation of liabilities + 41(1) taxability | |
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| Excerpt of query: | Is there any case law which favours the assessee that the creditors have been shown in balancesheet for more than 10 years but profitability u/s 41(1) should not be arise in case of closure of business also. |