Tax Management India. Com
Law and Practice: A Digital eBook ...

TMI - Tax Management India. Com

Case Laws Acts Notifications Circulars Classification Forms Articles News

Share:

H: Classification of goods - threaded metal nuts which function same as s...

N: Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021

N: Notification to bring into force provisions of HGST (Amendment) Act, 2...

H: Classification of goods - Shatamrut Chyavan - The impugned product is ...

H: Addition u/s 68 - CIT(A) assessed under the head income from other sou...

H: Penalty u/s 271(1)(c) - The assessee company also disclosed the invest...

H: TDS u/s 194J - non-deduction of tax at source on domestic roaming char...

H: Revision u/s 263 - wrong working of WIP - Pr. CIT has not pointed out ...

H: Exemption u/s 11 - cancelling the registration of the assessee Trust U...

H: Write off of irrecoverable principal amount of loan - AO had allowed t...

H: Provisional attachment - There are no justification to continue with t...

H: Dishonor of Cheque - Section 147 of N.I. Act has made every offence pu...

A: FACELESS PENALTY SCHEME, 2021

F: Registeration and Taxability, Service Tax

F: Short payment of Service tax

N: Central Government appoints the 22nd day of January, 2021 as the date ...

N: Seeks to bring in force section 21 of the Companies (Amendment) Act, 2019

F: Registeration and Taxability

H: Levy of GST - Reverse Charge Mechanism - salary paid to Director of th...

H: Profiteering - restaurant service supplied by the Respondent - allegat...

H: Reopening of assessment u/s 147 - Claim of deduction made u/s 10A and ...

H: Addition u/s 40A(2) - remuneration paid to the Managing Director nearl...

H: Addition u/s 68 - Cash deposits of special Bank notes of ₹ 500/-...

H: TDS u/s 194A - Associate Members of Co-operative Society - the assesse...

H: Disallowance on additional deprecation claimed as plant and machinery ...

H: Rectification u/s 254 - Both CBDT Circular no. 23 of 2019 and special ...

H: Disallowance of wage arrears u/s 40a(ia) - contingent liability or not...

H: Confiscation of goods - For the period from 14.08.2018 to 06.02.2019, ...

H: Refund of Rubber Cess - The appellate tribunal, on its own, should hav...

Highlights / Annotations

Home Highlights December 2020 Year 2020 This
← Previous	Next →

Addition of short term capital gain - Non-adjustment of adavance received...

Income Tax
3-12-2020

Addition of short term capital gain - Non-adjustment of adavance received with the sale consideration of property - It is unbelievable that, the advance received was adjusted towards cost of said property in a proposed sale, which has not been materialised till date. This argument does not hold waters in the eyes of law. In our view, this is an arranged transaction which cannot be ignored. In a matter of such description, the authorities are entitled to pierce the veil of corporate entity and look at the reality of the transaction. - Tri

View Source......Full Text

← Previous

Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||