GST How to Meet Your Obligations (Set of 2 Volumes) (6th Edition,September 2018) As amended by CGST (Amdt.) Act 2018/IGST (Amdt.) Act 2018/UTGST (Amdt.) Act 2018/GST (Compensation to States) Andt. Act 2018 Price Rs 4700 Buy online Click here Author : S S GUPTA Edition : 6th Edition 2018 Date of Publication : September 2018 Binding : Paperback No. Of… Read More »
In terms of the settlement deed assessee withdrew the criminal complaint filed by him and in lieu thereof received compensation of Rs. 6,77,94,580/-. Thus, as could be seen, the compensation received by the assessee was not for his professional activities but for settlement of dispute between him and some other7 party resulting in filing of… Read More »
Section 54(1) of the said Act is specific and clear. It is the cost of the new residential house and not just the cost of construction of the new residential house, which is to be adjusted. The cost of the new residential house would necessarily include the cost of the land, the cost of materials… Read More »
when the assessee failed to prove the capacity of the concerned persons who alleged to have given the unsecured loan and/or gift, it cannot be said that the learned Tribunal has committed any error in confirming the additions made by the Assessing officer and confirmed by the CIT (Appeals) of Rs.19,92,730/- as unsecured cash credit.… Read More »
Capital Receipt or Revenue Receipt under Income Tax Here is the Free Study Material on Capital Receipt or Revenue Receipt under Income Tax Capital Receipt No Income Tax on sales tax waiver as it is capital receipt : HC No Tax on compensation/damage for settlement of dispute as is capital receipt : ITAT carbon credit sale is… Read More »
Case Name : Meena Krishna Agarwal Vs Assistant Commissioner (Gujarat High Court) Appeal Number : Special Civil Application No. 3969 of 2014 Date of Judgement/Order : 15/01/2018 Decision summary :- “If the petitioner is correct in contending that all the four immovable properties were purchased by her from her own source of income, the department cannot… Read More »