Important Updates Of Case Laws, Articles And Association News
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Case Laws
Percival Joseph Pereira v. ITO (ITAT Mumbai)
Mumbai Tribunal : S. 45 : Capital gains Interim order-Year of taxability of capital gains on compensation-Interest on compensation-Income from other sources - Delay of 404 days-Delay is condoned-The compensation and interest received by in pursuance of an interim order of the Bombay High Court cannot be taxed in the year of receipt-Addition is deleted -Compensation and interest… Read More ...
ITAT (Mumbai): Sec. 80-IA: Even if income under the head Business/ profession is a loss, deduction under section 80-IA(4) is allowable from other heads of income if the Gross Total Income is a positive figure. Sec. 14A: Only investments yielding exempt income during the relevant previous year shall be taken into consideration for the purpose of computing… Read More ...
Supreme Court: The object of section 80- IA(9) is not to curtail the deductions computable under various provisions under Chapter VI-A. Section 80-IA(9) affects allowability of deduction and not computation of deduction (i) Section 80-IA(9) does not affect the computability of deduction under various provisions under heading C of Chapter VI-A, but it affects the allowability of… Read More ...
Articles
Income-Tax Bill, 2025-Suggestions for the consideration of the Hon’ble Chairman and Members of the committee. – Dr. K. Shivaram, Senior Advocate
By Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Respected Mr. Ajay R. Singh, Advocate, Mumbai.: Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Respected Mr. Ajay R. Singh, Advocate, Mumbai. Mr. Samir Jani National President of the All India Federation of Tax Practitioners (AIFTP), welcomed Advocate Mr. Ajay R. Singh and all participants on zoom and YouTube.… Read More ...
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