Income TaxRepresentation for the reform in the Examination & Evaluation System of ICAI28 Sep 20220Representation for the reform in the Examination & Evaluation System of ICAI E-filling
IT JudgementRegistration Restored despite the fact that the application for revocation / appeal was not made in time.28 Sep 20220Registration Restored despite the fact that the application for revocation / appeal was not made in time. Registration Restored…
Income TaxITC not allowed on steel, cement and other consumables used for reinforcing foundation and structures: AAR28 Sep 20220ITC not allowed on steel, cement and other consumables used for reinforcing foundation and structures: AAR Here is an interesting…
IT JudgementAnil Ambani given temporary relief in prosecution under the Black Money Law by Bom HC28 Sep 20220Anil Ambani given temporary relief in prosecution under the Black Money Law by Bom HC Facts: 1. Tax authorities…
IT JudgementCash payments to the agriculturists are allowable U/s 40A(3)- How to prove that the recipient is an agriculturist?27 Sep 20220Cash payments to the agriculturists are allowable U/s 40A(3)- How to prove that the recipient is an agriculturist? The disallowance…
IT JudgementNo penalty if there are conflicting views of the judiciary on the issue: ITAT Rajkot27 Sep 20220No penalty if there are conflicting views of the judiciary on the issue: ITAT Rajkot Here is an interesting…
IT JudgementAO can’t ignore ITAT order if its operation in appeal has not been suspended by the Competent Court27 Sep 20220AO can’t ignore ITAT order if its operation in appeal has not been suspended by the Competent Court Despite…
other topicKnow about the Major Change in Board’s Report 2021-2227 Sep 20220Know about the Major Change in Board’s Report 2021-22 Scope of tax audit report has been widened. The reporting requirements…
IT JudgementDelay in filing the form to claim the credit, ITAT allows the benefit of credit to Actress Sonakshi Sinha27 Sep 20220Delay in filing the form to claim the credit, ITAT allows the benefit of credit to Actress Sonakshi Sinha Here…
TDSNon Deduction of TDS or Non Collection of TCS: Form No. 26A / 27BA can be furnished at Appellate stage also27 Sep 20220Non Deduction of TDS or Non Collection of TCS: Form No. 26A / 27BA can be furnished at Appellate stage…
IT JudgementDelhi High Court quashes 148A(d) order and notice under section 148 for AY 2013-14 as allegation by AO of income escaping assessment was of less than Rs.50 lakhs.26 Sep 20220Delhi High Court quashes 148A(d) order and notice under section 148 for AY 2013-14 as allegation by AO of income…
Income TaxWhether Indexation benefit on sale of a property is available to NRI?26 Sep 20220Whether Indexation benefit on sale of a property is available to NRI? One may note that there is no…
IT JudgementDisallowance of exp cannot be made merely due to lack of business activity: ITAT26 Sep 20220Disallowance of exp cannot be made merely due to lack of business activity: ITAT NCR Business Park Pvt Ltd…
Income TaxTaxation of amount received from ULIP & Other Life Insurance Policies26 Sep 20220Taxation of amount received from ULIP & Other Life Insurance Policies Any amount received on surrender or maturity of the…
TDSTDS on payments by Ola to drivers: Whether Sub Contract liable for TDS U/s 194C or mere agent principal deal not liable for TDS?24 Sep 20220TDS on payments by Ola to drivers: Whether Sub Contract liable for TDS U/s 194C or mere agent principal deal…
other topicRevised definition of a Small Company & Ease of doing business on account ofRevised definition of a Small Company & Ease of doing business on account of24 Sep 20221 CommentRevised definition of a Small Company & Ease of doing business on account of The MCA vide its Notification No.…
other topicDo Officer have power of Officer to seize the Mobile Phones?23 Sep 20220Do Officer have power of Officer to seize the Mobile Phones? The first and foremost thing that officers do…
IT JudgementThe assessee is obliged to prove to the AO that the case satisfies the ingredients of Section 36(1)(vii) as well as Section 36(2) of the Act for deduction towards Bad Debts Written Off22 Sep 20220The assessee is obliged to prove to the AO that the case satisfies the ingredients of Section 36(1)(vii) as well…