Diksha Garg

Delay in filing of Appeal by the Income Tax Department- Not acceptable to the HC 3 min read

• Income Tax

Delay in filing of Appeal by the Income Tax Department- Not acceptable to the HC

Diksha Garg 6 years ago

High court has made it clear that will not accept the Delay in filing of appeal by the Income Tax Department. Find out in detail below... Read More

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 6 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 6 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 6 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 6 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