Meaning of “Income so included”

Case Name : Cloth Traders (P.) Ltd. Vs. Addl.Cit/Cit Vs. H.K. Investment Co. (P.) Ltd./ [...]

Meaning of “Income or property which has not been, or would not be, disclosed”

Case Name : L.R. Gupta Vs. Union Of India Citation :[1992] 194 ITR 32 (DELHI) [...]

Meaning of “Income derived from voluntary contribution”

Case Name : R.B. Shreeram Religious & Charitable Trust Vs. CIT Citation :[1998] 99 TAXMAN [...]

No Depreciation Claimed on Business Asset ? No Application of Sec. 50 Then !

Under Income Tax Act , sale of a business asset on which depreciation is claimed [...]

Revision of CASS Scrutiny Cases Maybe Bad in Law in Majority of Cases for Asst. 2012-13 Onwards!

Have you received notice from the office of commissioner of income tax (CIT ) for [...]

2 Strategies to Tackle Scrutiny When Stamp Duty Valuation u/s 50C of Your Property is Much Higher Than Actual Value?

The stamp duty valuation of an immovable property is done by the state government and [...]

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Currency Conversion for Income Tax Purpose : 2 Most Important Rules Everyone Should Know

Have you earned income in foreign exchange ? How  do you convert in rupees for [...]

SIT Suggests Action Against 2675 Directors by MCA ! Why Many of Them Still Get Away !

The SIT i.e Special Investigation Team set up to tackle Black money menace has finally [...]

FATCA – What is it and Who in India Required to File Form 61B ?- Part 1

The new information exchange regime – FATCA or Foreign Account Tax Compliance Act – which [...]