Diksha Garg

IT – Has Directed that Revised Income Return through Condonation Will not be Viewed 2 min read

• Income Tax

IT – Has Directed that Revised Income Return through Condonation Will not be Viewed

Diksha Garg 9 years ago

Revised Income Return through the process of condonation does not imply its content acceptable: The case: The court has to decide whether it comes under... Read More

Assessment Proceedings u/s 143(2) are not meant for Benefit of Assessee 3 min read

• Income Tax

Assessment Proceedings u/s 143(2) are not meant for Benefit of Assessee

Diksha Garg 9 years ago

The following is an Order passed by the Income Tax Appellant Tribunal (ITAT), Delhi against the Assesse Sh. Dinesh Sharma. Appeal Number is 226/Del/2013. The... Read More

Does a Compensation for Compulsory Acquired Land Chargeable Under the Head “Capital Gain”? 3 min read

• Income Tax

Does a Compensation for Compulsory Acquired Land Chargeable Under the Head “Capital Gain”?

Diksha Garg 9 years ago

Basically, any income on sale of a capital asset refers to a capital gain and a person has to pay tax on the same. But... Read More

NAFED v. ITAT – Special Bench Verdict to Claim the Expense Despite Stay by the Same Court 3 min read

• Income Tax

NAFED v. ITAT – Special Bench Verdict to Claim the Expense Despite Stay by the Same Court

Diksha Garg 9 years ago

 NAFED (National Agricultural Cooperative Marketing Federation of India Limited) and Alimenta, Switzerland entered into a Contract on 12th January 1980 (Financial year-1979-80) and 3rd April 1980 (Financial... Read More