Taxofindia.wordpress.com

Tribunal 1. Subsequent commercial-use cannot disentitle Sec 54F exemption if building constructed for residential-purpose: Relevant factor to judge is whether construction is made for residential house or commercial purpose, merely because building...

  Income Tax- Due date under section 43B (i.e. due date of filing ITR) not applicable under section 36(1)(va) to employees’ contributions to PF/ESI etc.   • If employees contribution received by the assessee is not credited to...

Recent case laws applicable to NGOs / Charitable Trusts Where a surplus was made by educational institution which was ploughed back for educational purposes, said institution was to be held to be existed solely for educational purpose and not for purpose...

In a big relief for telecom major Vodafone India, the Bombay High Court on Thursday set aside an order of Income Tax Appellate Tribunal (ITAT) which had ruled that the IT department had powers to raise tax demand on the company in a Rs 8,500 crore transfer...

The Bombay HC had earlier held that the SC had analysed Vodafone’s agreement with Hutchison Whampoa Properties and had struck down the tax demand on Vodafone for its purchase of Hutchison’s telecom business in India in 2007. The Supreme Court on Thursday...