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Latest judgements uploaded by visitors (See all)
M/s Wholesale Cloth Merchant Association, New Cloth Market, Kota. Vs. Pr.C.I.T. (Central), Jaipur (Rajasthan)
IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR: 1.Whether the order passed u/s 12AA(3) and 4 by PCIT (central) for cancellation of Registration of trust is illegal invalid due to without jurisdiction where the jurisdiction of assent purpose transfer to central circle u/s 127 from the exemption, held yes (in favour of assessee). 2.Whether the order for cancellation of registration of a trust… Read More ...
Unnikrishnan V S Vs. Income Tax Officer (ITAT Mumbai)
ITAT Mumbai: The ITAT Mumbai had to consider two questions of law: 1. On the facts and in the circumstances of the case and in law, the Commissioner of Income-tax (A) has erred in upholding the action of the learned Assessing Officer to tax Employee Stock Option as perquisite u/s 17. 2. Without prejudice to above, on… Read More ...
The Dehradun Chartered Accountants Society Vs Union of India & CBDT
The High Court of Uttarakhand at Nainital: On the Writ Petition of The Dehradun Chartered Accountants Society for extension of the due date for filing ITR & TAR, the hon'ble High Court of Uttarakhand permitted the petitioner to submit fresh representation before the CBDT & directed the CBDT to leniently consider the said representation after giving the petitioner the opportunity of being… Read More ...
Latest articles published by visitors (See all)
taxability on sale of Cattle’s
By Author:- CA Raghuveer Poonia, Jaipur. 9314507298 ; Co-author:- Simran Bharti 4th-year law student, JECRC University, Jaipur.: When the cattle’s are for their own use such as cow, buffalo, goat etc. for their family's milk needs. When your objective is not business. In such a situation, these animals are "personal effects". Which are not capital assets as per Section 2 (14) of the Income Tax Act. When selling the cattle’s kept as… Read More ...
Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!
By Mayank Mohanka, FCA, Sr, Partner in M/s S M Mohanka & Associates & Founder Director is M/s TaxAaram India Pvt Ltd: In the game of football, your good performance and hard work of the entire game can go for a toss with just one wrong or foul move resulting in the award of penalty shoot-out to your opponent. Sometimes, even an error of judgement by the Referee may also result in penalty. Whether its your foul… Read More ...
Seven Reporting Clauses in Tax Audit Report (Form 3CA/CB read with 3CD) causing Dilemma & Hardships for Tax Auditor & Auditee, if Tax Audit Due Date for AY 2020-21 remains 31.12.2020
By Mayank Mohanka, FCA, Sr, Partner in M/s S M Mohanka & Associates & Founder Director is M/s TaxAaram India Pvt Ltd: In this Taxalogue, I am discussing atleast Seven (7) Reporting Clauses in the Tax Audit Report (Annexure Form 3CD), which requires reporting by the Tax Auditor on certain specified compliances by the tax auditee uptill the due date of filing of return of income u/s 139(1) of the Income Tax Act. Therefore, the current statutory… Read More ...