Date Type Title Practice Area
18-06-2019 Info Memo Summons issued after survey action u/s. 131 of the Income Tax Act, 1961 deserves to be quashed in violation of section 133A(6) of the Act Direct Tax
20-05-2019 Info Memo In absence of assessee, the Tribunal cannot dismiss an appeal without considering the merits of the case Direct Tax
18-12-2018 Info Memo Section 56(2)(vii) of the Income Tax Act, 1961 does not apply to bonafide business transaction Direct Tax
27-10-2018 Info Memo Existence of “benami” transaction has to be proven by the person who alleges the transaction Property Law
23-10-2018 Info Memo Penalty cannot be levied if claim was as per judicial precedents Direct Tax
03-09-2018 Info Memo It is open to authorities to grant stay against recovery of demand on deposit of a lesser than 20% of disputed demand, pending appeal Direct Tax
01-09-2018 Info Memo Cost of acquisition of plot allotted under 12.5% scheme shall be the fair market value as on date of allotment of the plot Direct Tax
11-08-2018 Info Memo Date of acquisition of a property not affected by perfection of title of immovable property and cost incurred for removal of encumbrances allowed as cost of acquisition Direct Tax
06-08-2018 Info Memo Applicability of section 68 on the introduction of share capital Direct Tax
02-08-2018 Info Memo Exemption to be allowed even if not claimed in Income Tax Return Direct Tax
10-07-2018 Info Memo Unsold shops held as “stock in trade” are not subject to computation of notional annual letting value u/s. 23 of the Income Tax Act, 1961 Direct Tax
02-07-2018 Info Memo Compensation received for alternate accommodation by the tenant from developer / owner in respect of redevelopment will attract GST GST
22-06-2018 Info Memo No addition of “on money” in hands of developers on presumption Direct Tax