Month: September 2015

Tax Audit/ ITR date extended to 31st October 2015-Punjab & Haryana High Court

Tax Audit/ ITR date extended to 31st October 2015
In the case of Vishal Garg & Ors. Vs. Union of India & Anr., Punjab & Haryana HC extended due date of Tax Audit cases to

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Delhi High Court dismisses Tax Audit Returns Due Date Extension Appeal

Delhi High Counrt dismisses Tax Audit Returns Due Date Extension Appeal
In the case of Avinash Gupta and Ors V/s Union of India and Ors It was held by Delhi High Court that in this

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Profit from Conversion of Stock-in-trade into Investments is Business Income

Profit from Conversion of Stock-in-trade into Investments is Business Income
Related Case Law :
ITO Vs M/s. Nupur Carpets Pvt. Ltd.,(Kolkata ITAT), ITA No. 783/Kol/2009 A.Y. 2005-06, Date of decision –01-07-2015
Briefs of Case

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Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB

Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB
Related Case Law :
DCIT Vs M/s. Maithan Smelters Ltd.,(Kolkata ITAT), ITA No. 1327/Kol/2011 A.Y. 2005-06, Date of decision –26-08-2015
Briefs of Case
In the

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