GST: CBEC to probe on Proprietors, LLPs and HUF for Fraudulent Transitional claims
The Central Board of Excise and Customs ( CBEC ) has started enquiring about Proprietary businesses, LLPs and HUFs, which took registration under GST...
![HUF can’t be treated as a ‘Donor’ of Gift for the purpose of S. 56(2)(vii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "HUF can’t be treated as a ‘Donor’ of Gift for the purpose of S. 56(2)(vii): ITAT [Read Order]")
![No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "No Penalty If Assessee Discloses Transaction of Sale of Agricultural Land in the hands of assessee’s HUF as the Property was Ancestral: ITAT [Read Order]")
![Gift received by HUF from Mother of Karta would attract Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Gift-Taxscan.jpg "Gift received by HUF from Mother of Karta would attract Income Tax: ITAT [Read Order]")
![Govt Launches 7.75% Savings (Taxable) Bonds Scheme for Individuals and HUF [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/07/Sovereign-Gold-Bonds-Scheme.jpg "Govt Launches 7.75% Savings (Taxable) Bonds Scheme for Individuals and HUF [Read Notification]")
Member of HUF is not assessable for HUF’s Income on Acquisition of Excise License after the Demise of Karta: ITAT Bangalore
In P.G Sunandamma v. ITO, the ITAT, Bangalore, held that the transfer of excise license to a member of HUF on death of Karta cannot be reason to assess HUF’s income in the hands of that individual...
Sale of Land belongs to HUF after the Death of Karta is assessable in the hands of HUF consisting the remaining members: ITAT Jaipur
Recently, the Jaipur bench of the ITAT has held that the sale of land belongs to HUF after the death of Karta was rightly assessed in the hands of it consisting of the remaining members. While...
Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]
In a significant ruling, the division bench of the Madras High Court held that the registered shareholders for whose benefit the money was advanced are assessable on deemed dividend. In the common...
![Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]")
Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]
Only Clerical and Grammatical errors can be corrected through rectification application, says ITAT Hyderabad. In Ganjikunta Kishore Babu (HUF) v. HUF, the Hyderabad ITAT reiterated that the...
![Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]")
Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]
The two judge bench of Supreme Court of India yesterday held that, payments received by Hindu Undivided Family (HUF) is considered as deemed dividend within the meaning of Section 2(22)(e) of the...
![Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]")