Clipped from: https://taxguru.in/income-tax/indexation-benefit-admissible-respect-assets-held-foreign-countries-itat-mumbai.html DCIT Vs Aarav Fragrances and Flavors Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that benefit of cost inflation index admissible as per second
Day: December 20, 2024
1👍👍👍👍👍👍👍Denial of capital gain exemption u/s 54F for property described in registered sale deed as “Makaan” was justified as having Brick-Kiln construction
Clipped from: https://taxguru.in/income-tax/denial-capital-gain-exemption-u-s-54f-property-registered-sale-deed-makaan-justified-brick-kiln-construction.html Himanshu Garg VS ACIT (Delhi High Court) Conclusion: Tribunal was justified in declining capital gain exemption under Section 54F with respect to a property
1👍👍👍👍👍👍👍Reassessment on basis of Insight Portal Information must be u/s 147/148 if jurisdictional condition u/s 153C was not satisfied
lipped from: https://taxguru.in/income-tax/reassessment-basis-insight-portal-information-u-s-147-148-jurisdictional-condition-u-s-153c-satisfied.html Daisy Distributors Pvt. Ltd. Vs ITO (Delhi High Court) Conclusion: Where jurisdictional condition for AO of assessee to assume jurisdiction under Section 153C was
1👍👍👍👍👍👍👍CIT(A) failed to examine the validity of jurisdiction u/s. 148 hence matter remanded: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/citafailed-examine-validity-jurisdiction-u-s-148-matter-remanded-itat-delhi.html Trinity Touch Pvt Ltd Vs ACIT (ITAT Delhi) ITAT Delhi remanded the matter back to CIT(A) since CIT(A) failed to examined the validity
1👍👍👍👍👍👍👍Fair market value on area allotted under occupancy certificated accepted: ITAT Bangalore
Clipped from: https://taxguru.in/income-tax/fair-market-area-allotted-occupancy-certificated-accepted-itat-bangalore.html ITO Vs Govindappa Jayaram Doddiah (HUF) (ITAT Bangalore) ITAT Bangalore held that CIT(A) rightly accepted the fair market value on the area allotted
H-1B ecosystem mainly benefits US firms more than Indian ones: Nasscom Prez
Clipped from: https://www.business-standard.com/economy/interviews/h-1b-ecosystem-mainly-benefits-us-firms-more-than-indian-ones-nasscom-prez-124121901002_1.html While India has always been recognized for its talent, we must now deepen our technology skillsets to drive growth Rajesh Nambiar, President of
👍👍👍👍👍Radical overhaul of shipping laws – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/radical-overhaul-of-shipping-laws/3695893/ A legislative reworking of the shipping sector will require policy support. Overall, the changes envisaged in these bills will radically improve the shipping
👍Rs 12 lakh crore in MSME exports recorded in April-November period: MoS MSME – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-rs-12-lakh-crore-in-msme-exports-recorded-in-april-november-period-mos-msme-3691172/ The total number of MSMEs exporting goods till November in the current fiscal was 1.73 lakh, compared to 1.53 lakh in the entire
👍👍👍Better late than never – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/better-late-than-never-4/3695887/?ref=hometop_hp SME listed entities are typically promoter-driven or family business companies with high concentration of shareholding among a few promoters. As many as 29