Accrual of income - Income from publication in yellow pages - if ...

Yellow Pages Income Accrual Under Review; Potential Financial Gain for Revenue Authorities if Orders Are Upheld.

May 2, 2014

Case Laws Income Tax AT

Accrual of income - Income from publication in yellow pages - if the orders of the revenue authorities are to be sustained, the department will have a revenue gain, because, the AO has not made any adjustment to the income pertaining to the preceding year and has been booked in the current year - AT

View Source

← Previous Next →

Accrual of income - Income from publication in yellow pages - if ...

Yellow Pages Income Accrual Under Review; Potential Financial Gain for Revenue Authorities if Orders Are Upheld.

May 2, 2014

Case Laws Income Tax AT

You may also like:

Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption...

The case involved determining whether gains from the sale of shares allotted in an IPO should be classified as Short-Term Capital Gains (STCG) or business income. The...

HC set aside ITAT's rectification order under Section 254(2) of Income Tax Act, finding ITAT exceeded its jurisdiction in reviewing income classification. The dispute...

Correct head of income - profit on sale of land /immovable property - business income or capital gain income - Correct head of income - profit on sale of land /immovable...

The ITAT examined whether the takeover of immovable properties by a financial institution from the guarantor, against loans granted to companies where the guarantor...

Accrual of interest income - Commercial decision was taken by the appellant-assessee not to charge interest from these two borrowers as the assessee wanted to ensure...

Cabinet approves establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through...

Correct head of income - the nature of gains from mutual fund redemptions - these gains were capital gains, not business income - no substantial question of law arises - HC

NCLAT held that the Adjudicating Authority erroneously extended the limitation period based on an arbitral award without a formal amendment to the Section 7 application....

The ITAT Indore addressed the issue of re-characterizing income from share trading as either short-term capital gain or business income. The tribunal found that the...

Review of order - Levy of penalty - grounds for review are that the imposition of penalty by the authorities is not automatic and the same can be imposed only when there...

Income from other source OR Capital gain - Correct head of income - relinquishing the right acquired under the Agreement by the Assessee - income from relinquishing...

SC adjudicated a revenue dispute concerning delayed adjudication, where the HC previously quashed a Show Cause Notice (SCN) based on procedural inefficiencies. The...

Validity of initiation of review proceedings - It is a trite law that an order, which is bad from its inception itself, cannot be cured by subsequent action. In the...

Control of income-tax authorities - U/s 118 of IT ACT 1961 - Specifies the income-tax authority or authorities as subordinate to such other income-tax authority or...

Quick Updates: