Recent posts

#71

Discussion / Re: 54F

Last post by ASRAO - March 28, 2019, 02:04:27 PM

Section 54F exemption is given for promoting investment in residential house property and their is no specifications regarding investment in the Act, so it is allowed as per recent judgements of Apex Court

#72

Discussion / Re: sec.56(2)(vii)

Last post by camanoj2104 - March 14, 2019, 08:14:04 PM

It is taxable

#73

Discussion / Re: 54F

Last post by camanoj2104 - March 14, 2019, 08:13:44 PM

Judiciary is divided on issue however in recent past some judgments favoured exemption

#74

Discussion / 54F

Last post by sankar.irgp@gmail.com - March 09, 2019, 02:41:43 PM

Assessee invested the sale consideration in his name and in his minor children u/s.54F in the capital gains scheme. AO denied the exemption u/s.54F to the investment made in the names of wife and children of the assessee. Can one offer comments on this topic. Please.

#75

Discussion / Message to President of ITAT J...

Last post by brett_lee38 - February 27, 2019, 09:02:39 AM

Dear Mr President, in the capacity of executive member of the ITAT Bar and Senior Pannel Counsel of Union of India before the High Court of Delhi I hereby request you and suggest you that transfer of all the members who have spent three years at a station would be made, in order to curb the intellectual corruption, this is a suggestion keeping in view of the interest of all the innocent assesses, and if any body feels something then I am least bothered because for the good administration of justice I am ready to sacrifice my personal practice, further if any member would harm my cases then it is in no way injury to me rather a sin committed towards an innocent assessee, for which sin, there is something above all who can do the justice with such person in his own way. This step is also good for those members of ITAT who are posted at various other stations and has not got an opportunity to adjudicate the matters at big stations. It is further requested that only knowledgeable members who have knowledge of law and rated as esteemed members should be posted at Important stations, even if they have spent good time at a station earlier. Because the decisions of ITAT are appreciated and considered at International level and our image in the field of judiciary has very wide ramifications, and help in building trust among the international investors. My English may annoy many readers but they have to appreciate that I belong to backward class community. 

#76

Discussion / sec.56(2)(vii)

Last post by sai prasad - February 22, 2019, 05:23:21 PM

what is the latest position of the judgments on the deemed income of the difference between apparent consideration and market value of the property purchased in the hands of the purchaser

#77

Discussion / Re: Objection/Return in respon...

Last post by Catomaca - January 25, 2019, 01:39:10 PM

To receive information about this story until I saw it and wanted to occupy.

#78

Discussion / Loss on sale of pledged shares

Last post by sanganeriask - December 05, 2018, 01:05:08 PM

my client had pledged some listed shares to a financial institution for availing a loan. On failure to repay the loan the lender invoked the pledged shares and sold the shares thru stock exchange in their name and credited the proceeds in the loan account. My query is that whether the loss incurred on such sale is allowable to be set off with capital gain arising on sale of other shares on which STT is not paid.

[APPEAL AND CROSS OBJECTION BEFORE INCOME TAX APPELLATE TRIBUNAL AMENDMENT IN FORM 36 AND 36A]

#79

Collection of important & evergreen judgements, circulars, articles etc / AMENDMENT IN FORM 36 AND 36A

Last post by Neelam Jadhav - November 30, 2018, 11:50:05 AM

APPEAL AND CROSS OBJECTION BEFORE INCOME TAX APPELLATE TRIBUNAL
AMENDMENT IN FORM 36 AND 36A

CBDT has amended Income Tax Forms 36 and 36A (i.e. Form of Appeal / Memorandum of cross-objections to the Appellate Tribunal) vide Notification No.72/2018 dt.23 Oct. 2018 (Income-tax (10th Amendment) Rules, 2018) with immediate effect.


Pls click below link to open the PFD as well as word form

https://drive.google.com/open?id=1OvGTXrjMTcCoh8sbPgC3QrqwzqNBEE8T
https://drive.google.com/open?id=1lhz7PNiEb3sprSCiJs5-o2PJmgYhvj81
https://drive.google.com/open?id=1dTb2r0Un3z4fQS5P6aaXduc2MG5xsni1

#80

Collection of important & evergreen judgements, circulars, articles etc / Re: Reference to Finance Bill

Last post by admin - November 14, 2018, 07:21:53 PM

Thanks. This is a very important resource for practising professionals.