Wednesday, 27 January 2021

Daily digest for Gupta Chandan & Associates, on January 27, 2021

posted: "INCOME TAX : Section 50C covers only capital asset being land or building or both; it would not cover transfer of leasehold rights in land and buildingINCOME TAX : Section 50C covers only capital asset being land or building or both; it would not cover tr"
posted: "INCOME TAX : Where assessee made payments in cash at place which had banking facilities, contrary to its stand that place did not have banking facilities and thereby failed to prove that it was covered in exception clause as provided under section 40A(3) "
posted: "INCOME TAX : Amendment brought in section 55A(a) with effect from 1-7-2012 by Finance Act, 2012, according to which reference could be made by Assessing Officer to DVO if value of immovable property determined by assessee was lesser than FMV of property, "
posted: "INCOME TAX : Where out of provision of Rs. 407 crore made by assessee bank for depreciation on investment, Assessing Officer had added only Rs. 233 crore relating to investments in India and excluded Rs. 175 crore pertaining to investment outside India, i"
posted: "INCOME TAX : Where out of provision of Rs. 407 crore made by assessee bank for depreciation on investment, Assessing Officer had added only Rs. 233 crore relating to investments in India and excluded Rs. 175 crore pertaining to investment outside India, i"

No comments:

Post a Comment

Daily digest for Gupta Chandan & Associates, on February 23, 2026

Income Tax Forms as applicable from 1st April 2026. Old forms under income tax Act 1961 added for better search....