ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
capital gains arising from redemption/sale of mutual fund units by a Singapore tax resident are taxable only in Singapore as ...
Wednesday, June 25, 2025
Tag: income tax case law
Interest free or lower interest loan given by Employer to employee will be considered as perquisite [Read order]
The benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed ...
Housewife cannot be reassessed under Income tax for joint property held with husband [Read order]
Additionally, the court noted that the details regarding the source of funds should have been sought from the petitioner's husband ...
Assessee can choose method of valuation u/s 56(2)(viib) r.w.r. 11UA of Income tax act [Read order]
While it would be open for the AO, for reasons so recorded, to doubt or reject a valuation that may ...
Reassessment notice for AY 2013-14 cannot be issued after 31.03.2021 by taking relief of TOLA [Read order]
We are unable to comprehend the contention raised that if the notice dated 30th May 2022 under Section 148A(b) of ...
Investment by Foreign companies in Indian companies cannot be considered as undisclosed income of foreign companies [Read order]
An investment made by a foreign company in an Indian company is a capital account transaction and such transaction cannot ...
Assessment order in name of deceased is not valid and void ab initio [Read order]
Reassessment initiated in the name of deceased person and since no response was received from assessee Ld. AO passed order ...
Penalty of Rs.10 lakh per year for not disclosing foreign asset under Schedule FA in ITR [Read order]
Hon'ble Mumbai ITAT has passed an order in case of Ms. Shobha Harish Thawani for AY 2016-17, 2017-18 and 2018-19 ...
No TDS u/s 194IA if consideration for each buyer below Rs. 50 lakh [Read ITAT order]
We notice that the provisions of Section 194IA of the Act are applicable where consideration for transfer of an immovable ...
Digitally signing the notice does not satisfy that notice was issued to assessee: Bombay High Court [Read order]
In view of the discussion made above, we hold that mere digitally signing the notice is not the issuance of ...
Equalization levy 1.0 not applicable if person running advertisement is outside India and income not accruing in India [Read order]
This judgement has been passed by ITAT bench of Jaipur and can be considered one of the first few judgements ...
What is “enablement of communication” mail and letter being received in case of Appeal filed before CIT(A)
Hence, as a result of above step NFAC is sending bulk mails to all people stating "enablement of communication" who ...
Income transferred to another person without transfer of asset – Clubbing of income under Income tax
By virtue of section 60, it can be said that in the above case since the income is transferred by ...
Rent earned from property situated outside India by assessee resident in India cannot be taxed in India – Delhi ITAT
Hon’ble ITAT has mentioned that the word “may” cannot be considered as “shall”, and hence passed on a judgement that ...
TDS credit can be claimed in a year even when corresponding income was offered for tax in earlier year | Delhi ITAT | Case law
Thus, in the present case where the assessee has claimed to have offered the revenues for tax in previous years ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
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- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
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- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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