Judgements and Orders, Supreme Court and High courts of India

Deduction on the Rental Income of Second House Property under the Income Tax Act

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-Tax (Appeals)-13, Ahmedabad [“CIT(A)” in short] dated 25.03.2019 passed for Assessment Year 2016-17.

Posted in Income Tax | 228 Views

Deduction u/s 54B cannot be denied if the correlation between investment and receipt of sale proceeds has been demonstrated

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-tax (Appeals-5), Vadodara [“CIT(A) in short] dated 25.02.2019 passed for Assessment Year 2012-13.

Posted in Income Tax | 162 Views

Deduction u/s 54B cannot be denied if the correlation between investment and receipt of sale proceeds has been demonstrated

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-tax (Appeals-5), Vadodara [“CIT(A) in short] dated 25.02.2019 passed for Assessment Year 2012-13.

Posted in Income Tax | 159 Views

Deduction u/s 54B cannot be denied if the correlation between investment and receipt of sale proceeds has been demonstrated

Poojitha Raam Vinay 24 December 2021 at 08:31

The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-tax (Appeals-5), Vadodara [“CIT(A) in short] dated 25.02.2019 passed for Assessment Year 2012-13.

Posted in Income Tax | 142 Views

Can gross sale consideration be the capital gain in the hands of the assessee?

Poojitha Raam Vinay 24 December 2021 at 08:31

Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-4, Ahmedabad dated 21.1.2019 passed for the Asstt.Year 2014-15.

Posted in Income Tax | 242 Views

Powers of ld. Commissioner as per the expression “sufficient cause” employed u/s 249(3) of the Income Tax Act

Poojitha Raam Vinay 24 December 2021 at 08:31

Assessee is in appeal before the Tribunal against order of the ld.CIT(A)-5, Ahmedabad dated 25.02.2019 passed for the Asstt.Year 2015-16.

Posted in Income Tax | 267 Views

Invocation of provisions of Section 68 of the Income Tax Act on account of Share Application Money

Poojitha Raam Vinay 24 December 2021 at 08:31

The ld.CIT(A)-XI, Ahmedabad has decided appeal of the assessee for the Asstt.Year 2009-10 vide order dated 12.11.2012.

Posted in Income Tax | 116 Views

Mere acceptance of joint custody of goods does not amount to supply

Bimal Jain 23 December 2021 at 13:52

The AAR, Madhya Pradesh in the matter of M/S. Mohammad Arif Mohammad Latif (Advance Ruling Order No. 03/2021 dated June 17, 2021) held that, that mere acceptance of joint custody of goods without rights, privileges of ownership of goods does not amou

Posted in GST | 107 Views

GST is applicable on payment of notice pay recovery, medical insurance policy and telephone charges from an employees

Bimal Jain 23 December 2021 at 13:52

The AAR, Madhya Pradesh in the matter of M/S. Bharat Oman Refineries Limited [Advance Ruling Order No. 02/2021 dated June 7, 2021] held that, GST is applicable on payment of notice pay by an employee to employer in lieu of notice period and telephone

Posted in GST | 237 Views

Revenue Department directed to issue a discharge certificate in FORM SVLDRS-4 either manually or electronically

Bimal Jain 17 December 2021 at 19:13

The Hon'ble Madras High Court in M/S. S.D. Arun Associates v. Designated Committee (SVLDRS) & Anr. [W.P.(MD) No. 21092 of 2021 and W.M.P(MD). No. 17687 of 2021 dated December 10, 2021] directed the Revenue Department to issue a discharge certificate

Posted in GST | 161 Views