PV Kakaria

PV Kakaria - High FD Interest Rates Up to 10.5% - Best Interest Rates in Mumbai Pvkakaria Consultancy Private Limited Offer High Fixed Deposit (FD) Rates FD Interest Rates Up to 10.5% - Best FD Rates in Mumbai India. company providing Financial Consultancy services in mumbai andheri bandra malad kandivali borivali darar worli mahalaxmi

Excess money collected by government..when they will spend..

CST - Whether Form C under CST is required to be issued for the transfer of credit in the passbook issued under DEPB Scheme - YES: HC

Section 37 - IT: Where assessee had not collected and deposited service tax but on being pointed out, deposited same, amount being expended by assessee in course of business was allowable as business expenditure

T: Where in case of assessee, a charitable trust, gross receipts having exceeded stipulated monetary limit provided in second proviso to section 2(15), assessee was not entitled to claim exemption of income in relevant year but said fact alone could not make trust non-genuine for purpose of invoking section 12AA(3)

Shareholding of one partner and not cumulative holding of all partners should exceed 10% to invoke sec. 2(22)(e)
June 12, 2014[2014] 45 taxmann.com 370 (Punjab & Haryana)
IT : Where shareholding of each partners of assessee-firm as well as of assessee-firm in closely held company is less than 10 per cent, even though their cumulative shareholding is more than 10 per cent, section 2(22)(e) cannot be resorted to for treating amount advanced by company as deemed dividend

Where assessee entered into a development agreement of land with a developer in terms of which developer had to develop property according to approved plan and deliver a part of constructed area to assessee, in view of fact that developer had not done anything to discharge obligations cast on it, capital gains could not be brought to tax in year under appeal merely on basis of signing of development agreement

Section 40A(3) - IT: Where question of disallowance under section 40A(3) was not raised before this Court in earlier appeal of same assessee for earlier assessment year, it could not be raised in subsequent assessment year

IT : Addition can be made only for amount which pertained to those subscribers/investors to share capital whose particulars could not be verified and who did not respond to notices issued by Assessing Officer

IT : Where construction of residential house takes place prior to date of transfer of long term capital asset, assessee's claim for deduction under section 54F cannot be allowed