Important Updates Of Case Laws, Articles And Association News
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Association News
SPEECH OF SHRI B R BASKARAN, AM IN HIS FULL COURT FAREWELL HELD ON 09-04-2025 IN MUMBAI
SPEECH OF SHRI B R BASKARAN, AM IN HIS FULL COURT FAREWELL HELD ON 09-04-2025 IN MUMBAI Hon’ble President Sir, Hon’ble Vice President Sir, my dear sisters and brothers, distinguished officers from the department, eminent personalities of bar, my family members ladies and gentlemen, Vanakkam to all. It... [Read more]
Case Laws
ITO v. SDN Company (ITAT Mumbai)
Mumbai Tribunal : S. 56 : Income from other sources-Transactions between partners and firm-Will-Family settlement-Brothers and sisters-Changes in the profit sharing ratio-Colourable device-Transfer-Capital contribution-The provisions of Section 56(2)(viia) of the Act is not applicable-Order of CIT(A) deleting the addition is affirmed. [S. 2(31)(iv), 2(47), 14, 56(2)(viia), R. 11UA] The shares of UFIPL have been introduced as capital contribution… Read More ...
Supreme Court: Interpretation of contracts & documents: Whether an agreement styled as one for conducting the business of another person can be interpreted as a leave and license agreement for purposes of the Bombay Rent Act? The guide to the construction of deeds and tools adopted can broadly be summarised as follows: (i) The contract is first… Read More ...
Mumbai Tribunal : S. 12AB : Procedure for fresh registration-The object of the company is to promote Indian heritage art such as Indian Classical music, organize regular concerts and performances by renowned and emerging Indian etc-Renewal of registration cannot be denied on the ground that the objects of the trust may contain clauses, which may enable a charitable… Read More ...
Supreme Court: If a judgment is pronounced in open Court, the period of limitation starts running from that very day. If an application for certified copy is filed, the period during which the certified copy was under preparation has to be excluded as per Section 12(2) of the Limitation Act (i) The incident which triggers limitation to… Read More ...
Mumbai Tribunal : S. 90 : Double taxation relief-Capital gains-Mutual fund Units- Singapore resident-Sale/redemption of mutual fund units would be covered Article 13 of DTAA-Not taxable in India-DTAA-India-Singapore. [Art. 13(4), 13(5)] Assessee is a non-resident Indian and is a resident of Singapore . The assessee has shown exemption in respect of capital gains earned on sale of Mutual… Read More ...
Articles
Income -Tax Bill, 2025 : An Insight into the Income -Tax Bill, 2025. An Overview on income-Tax Bill, 2025- Hon’ble Mr. Justice R. V. Easwar, (Former Judge of the Delhi High Court)
By Summary of the speech prepared by CA. Rajesh Mehta, former Secretary General AIFTP and CA. Apurva Mehta from Online lecture of Honourable Mr. Justice R. V. Easwar (Former Judge of the Delhi High Court): Mr. Samir Jani National President of the All India Federation of Tax Practitioners (AIFTP), welcomed the Honourable Mr. Justice R. V. Easwar (Former Judge of the Delhi High Court) and also all participants on zoom and YouTube. Mr. Samir Jani expressed thanks to the Past Presidents who were present in this virtual meeting. He also… Read More ...
TDS on Remuneration to Partners
By CA. Pankaj Agrwal: Different questions being raised on provisions of section 194T is being answered. Read More ...
Regards,
Editorial Board