MSME promoters likely to stay in charge during resolution process
The special insolvency framework for micro, small, and medium enterprises (MSMEs) is likely to allow the insolvent debtor to retain […]
Section 56(2)(viib)/ Rule 11UA: The assessee has the choice to choose a prescribed method for ascertaining the market value of the shares transferred. If the assessee has chosen one method of valuation provided under Rule 11UA (i.e. DCF method), the Assessing Officer has no power or jurisdiction to change that method to another method
Karmic Labs (P) Ltd v. ITO – Date of Judgement : 28.07.2020 (ITAT Mumbai) ITA No.3955/Mum/2018 The ld. Assessing […]
Income Tax Department will capture the following data for Processing of Income Tax Returns
*Now, Income Tax Department will capture the following data for Processing of Income Tax Returns and issuing Scrutiny Notices:* 👉 […]
Whether exchange of shares in amalgamation is a transfer under Income Tax?
THE COMMISSIONER OF INCOME TAX-V, NEW DELHI V M/S NALWA INVESTMENT LTD. ITA 822/2005 Del Nalwa Investment Limited belongs to […]