No sec. 69C additions on basis of info received from sales tax dept. without giving hearing change to assessee
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Interest on compensation paid to accident victim is tax free
Snehal Kamdar, , Case law, 0
Facts: a) The assessee was travelling in a car, which met a serious accident, leaving her permanently disabled. She...
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Sec 80P ITAT Mumbai order
Snehal Kamdar, , Case law, 0
Sea Grean Co Operatove Housing … vs Ito 21(3)(2), Mumbai on 31 March, 2017 IN THE INCOME TAX APPELLATE...
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Project Completion method is an Accepted Mode of Accounting: Delhi HC dismisses Revenue’s appeal against DLF Universal Ltd
Snehal Kamdar, , Case law, 0
The division bench of the Delhi High Court has recently upheld the project completion method as a well-known and...
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Threatening letter issued by CA to recover fees from client is an act of professional misconduct
Snehal Kamdar, , Case law, 0
Facts: a) The CA used to file Income Tax returns of client and his family members. b) The client...
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Any dishonest act of CA isn’t a professional misconduct if it is done in Individual capacity
Snehal Kamdar, , Case law, 0
Chartered Accountant Act, 1949: Where a CA sold his shares but continued to receive dividends declared by the Company...
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No service-tax on sale of under-construction flats if contract price includes value of land: HC
Snehal Kamdar, , Case law, 0
a. Assessee purchased flat in a residential complex. The builder, in addition to the consideration for the flats, also...
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No denial of indexation benefit at assessment stage just because long-term capital gain wasn’t declared in ITR
Snehal Kamdar, , Case law, 0
Facts: a) The assessee invested certain amount in mutual fund units of HSBC and earned long-term capital gain on...
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Magicbricks’ isn’t a dominant player in market of real estate brokers in India: CCI
Snehal Kamdar, , Case law, 0
Facts: a) The Confederation of Real Estate Brokers’ Association of India (‘Informant’), was a confederation of thirty five real...