IT Judgement Explanation 2 to section 263 inserted w.e.f. 01.06.2015 is prospective and applicable with effect from 1st June, 2015. March 18, 2023 0 Comments 9,099,403 total views 664 total views Explanation 2 to section 263 inserted w.e.f. 01.06.2015 is prospective and applicable with effect from 1st June, 2015. Explanation 2 to section 263 inserted w.e.f. 01.06.2015 is prospective and applicable with effect from 1st June, 2015.
Income Tax, IT Judgement Cash deposits in bank account of one Person after withdrawing it from the account of other Person March 24, 2023 0 Comments
IT Judgement Indexation benefit is available to an inherited property from the date of acquisition by first owner: ITAT Mumbai March 24, 2023 0 Comments
Income Tax, IT Judgement Petitioner cannot be denied GST Refund because of allegations of any fake credit availed by its supplier: High Court March 21, 2023 0 Comments
IT Judgement AO cannot change the valuation method from DCF to NAV: ITAT Chennai. March 18, 2023 0 Comments
IT Judgement Karnataka HC directs Dept. to follow procedure prescribed in Circular to allow ITC for bonafide mistakes in returns for FY 19-20 as well March 18, 2023 0 Comments
Income Tax, IT Judgement Reassessment proceedings under section 148 of Income-tax Act, 1961 cannot be initiated merely for verification of the information reflected on the Insight Portal. March 16, 2023 0 Comments
Income Tax, IT Judgement Entire purchase amount of such bogus purchases cannot be added at best, the addition limited to the extent of G. P. Rate March 15, 2023 0 Comments
Income Tax, IT Judgement If a person has only agricultural income and no other income, then no addition can be made to the total income unless and until the AO proves that the assessee has any other source of income which is taxable under the Income-tax Act: ITAT March 13, 2023 0 Comments
Cgst Acts, GST, IT Judgement SCN must clearly mention specific reason for which the action is being taken March 8, 2023 0 Comments
Income Tax, IT Judgement Compensation received from developer pursuant to consumer court order is a capital receipt – Not liable for taxation March 3, 2023 0 Comments
IT Judgement For AY 2006-07 there was no need to file ITR for claiming exemption U/S 54B: ITAT Bangalore March 3, 2023 0 Comments
Income Tax, IT Judgement Section 50C is not Applicable in case of compulsory acquisition of Land by the Govt where payment of stamp duty is not applicable. February 28, 2023 0 Comments
IT Judgement No additions based on statements of ex-employees & dealers without allowing assessee to crossing examine them: ITAT February 27, 2023 0 Comments
IT Judgement LTCG can’t be termed as genuine if shares purchased in cash were kept in broker’s pool a/c till actual sale: ITAT February 13, 2023 0 Comments
IT Judgement No addition can be be made on hypothetical basis: ITAT Delhi January 21, 2023 0 Comments
IT Judgement Karnataka High Court allowed changes in GSTR 3-B returns for the months of July 2017 and March 2018 January 21, 2023 1 Comment
IT Judgement Who is entitled for TDS credit when the TDS is done in the name of the Partner and the Property is owned by firm January 21, 2023 0 Comments