An Analysis of Union Budget 2024-25
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Updates
Further extension of time-limits w.R.T. Direct taxes
[vc_row][vc_column][vc_column_text]In furtherance to the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (“Ordinance, 2020” for short), the Hon’ble […]
Updates
Frequently asked questions (faqs) on equalisation levy
[vc_row][vc_column][vc_column_text]I. How Finance Act, 2020 has widened the scope of Equalisation Levy? As per Section 165 of the Finance […]
Updates
Changes in itr forms notified for ay 2020-21
[vc_row][vc_column][vc_column_text]Recently the Hon’ble CBDT has notified new ITR forms for the AY 2020-21 vide its notification dated 29.05.2020. These new […]
Updates
Changes in itr forms notified for ay 2020-21
[vc_row][vc_column][vc_column_text]Section 115BAC of the Income-tax Act, 1961 (“IT Act”) was inserted vide Finance Act, 2020 which provides an option to […]
Amount Paid on Encashment of Bank Guarantee is Allowable as a Revenue Expenditure
In the matter of Principal Commissioner of Income Tax-4 v. Green Delhi BQS Ltd. [(2018) 99 taxmann.com 38 (Delhi) decided […]
Income from Letting Out Terrace for Installation of Mobile Tower is Income from House Property
In the matter of Kohinoor Industrial Premises Co-Operative Society Limited v. ITO [(2018) 98 taxmann.com 365 (Mumbai Trib.) decided on […]
Disallowance of Transitional Credit on Capital-Goods ‘In-Transit’ Constitutionally Valid
In the case of RSPL Ltd. vs. Union of India [(2018) 98 taxmann.com 441 (Gujarat) decided on 16.10.2018], the question […]
Home Buyer Ought Not to be Allowed to Reap Benefits of their Own Delay in Taking Possession
The Hon’ble Supreme Court of India (“SC”) in the case of M/s Suptertechv. RajniGoyal[Civil Appeal Nos. 6649-50 of 2018decided on […]