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Corporate Laws
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Capital Assets
No Plans to revise Tax on LTCG, reveals Revenue Secretary Sanjay Malhotra
February 10, 2024
Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]
November 10, 2023
Disallowance owing to State Government Grants towards Cost of Capital Assets: Supreme Court issues Notice to Maharashtra State Electricity Distribution Co. Ltd. [Read Order]
September 25, 2023
Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]
September 23, 2023
Transfer of Development Rights by Builder is Transfer of Capital Assets, not Stock in trade: SC quashes Bombay HC Judgment [Read Order]
May 6, 2023
Budget 2023 Economic Survey notes budget of 7.5L Cr for Capex focuses on infra-related sectors by Government [Read Report]
February 1, 2023
Set Back to Toyota Kirloskar: ITAT rejects Depreciation on provisional basis [Read Order]
January 18, 2023
Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]
September 24, 2022
Car Parking Spaces Independent of Flat sold to Other Members shall be Assessed as Short Term Assets: ITAT [Read Order]
March 30, 2022
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