Tag:
Income Tax Act
Direct Tax
Section 50C Of Income Tax Act Not Applicable On Transfer Of Lease Hold Rights: ITAT
The Delhi Bench of The Income Tax Appellate Tribunal held that S. 50C of the Income Tax Act is not applicable on the transfer...
Direct Tax
Cash Loans Above Rs. 20K in Violation of Income Tax Act Not Legally Enforceable Debt: Kerala High Court
The Kerala High Court has ruled that cash loans exceeding Rs. 20,000, in violation of the Income Tax Act, cannot be treated as a...
Direct Tax
Assessee Can’t Be Penalised U/s 271(1)(c) Of Income-tax Act For Merely Raising Plausible Claim: Bombay High Court
The Bombay High Court has held that the assessee cannot be penalised under section 271(1)(c) of the Income-tax Act for merely raising a plausible...
Columns
Take Care Of Disabled Dependents And Get Relief Under Section 80DD Of Income Tax Act: Know How
Do you know taking care of the Disabled Dependents will help you get more and more relief under Section 80DD Of Income Tax Act?
Section 80DD...
Direct Tax
Kerala High Court Uphold Constitutional Validity Of Provision Mandating FIFO/Weighted Average Cost Method Of Computation For Assessees Under ‘Profits and Gains of Business And...
The Kerala High Court has upheld the constitutional validity of Section 145A of the Income Tax Act mandating First In First Out (FIFO)/weighted average...