Finally CBDT extended due date all over India to 31.10.2015 from 30.09.2015 Extension of date for filing of Income tax returns and tax audit reports to31st October 2015 The issue of extension of last date for e-filing returns of income and audit reports u/s44AB due by 30th September, 2015 has been the subject matter of litigation […]
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 31st October 2015 from existing 30th September 2015. Its not clear if the due date for non audit cases also […]
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 case it is pleaded that the petition is in the nature of public interest. However, the petition is not drafted […]
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
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 case DCIT Vs. Maithan Smelters Ltd. the Hon’ble Kolkata ITAT held that the interest subsidy, transport subsidy and power subsidy […]