posted: "INCOME TAX : Where assessee-company owned property which was given on lease and upon sale of said property, Assessing Officer disallowed compensation paid to lessee to vacate said land under section 48 holding same as non-genuine transaction, since refere"
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posted: "The Central Board of Direct Taxes (CBDT) has notified that no deduction of tax shall be made under section 194A on the payment in the nature of interest, other than interest on securities, made by a Scheduled Bank located in a specified area, to a member "
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posted: "The Income Tax Department has conducted a search and seizure operation at various premises of a prominent actor, Mr. Sonu Sood, in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. It has been revealed that bogus l"
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