Unutilized capital gain lying in capital gain a/c scheme beyond statutory period was liable to be taxed: ITAT

INCOME TAX : Where assessee had sold a flat and earned long-term capital gain which was deposited by him in capital gain account and out of this amount of capital…

Continue ReadingUnutilized capital gain lying in capital gain a/c scheme beyond statutory period was liable to be taxed: ITAT

No writ can be filed against notice issued for filing ITR as objections can be raised in reassessment proceedings : HC

INCOME TAX : Writ petition is maintainable in exercising extraordinary jurisdiction under article 226 of the Constitution of India, in challenging order, inter alia, either on ground that it is…

Continue ReadingNo writ can be filed against notice issued for filing ITR as objections can be raised in reassessment proceedings : HC

Provisions of Limitation Act is applicable to arbitration proceedings initiated under section 18(3) MSMED Act: SC

CL/ARBITRATION ACT: By virtue of section 43 of Arbitration amp; Conciliation Act, 1996 (1996 Act), Limitation Act, 1963 is applicable to arbitration proceedings under section 18(3) of Micro, Small and…

Continue ReadingProvisions of Limitation Act is applicable to arbitration proceedings initiated under section 18(3) MSMED Act: SC