ITAT disallows Income Tax deduction on employees’ contribution to PF & ESI beyond the Due Dates
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ITAT disallows Income Tax deduction on employees’ contribution to PF & ESI beyond the Due Dates IN THE…
Month: April 2023
Monthly rental compensation paid during redevelopment of society is a capital receipt: ITAT
Monthly rental compensation paid during redevelopment of society is a capital receipt: ITAT Ajay Parasmal Kothari Vs ITO (ITA…
Authorities are required to grant personal hearing even if not sought by the taxpayer for adverse orders
Authorities are required to grant personal hearing even if not sought by the taxpayer for adverse orders In the…
Without Corroborating Evidence, Addition Can’t Be Made On The Basis Of A Declaration Made U/s 132(4) Of The Income Tax Act : ITAT
Without Corroborating Evidence, Addition Can’t Be Made On The Basis Of A Declaration Made U/s 132(4) Of The Income Tax…
No Penalty leviable under section 271C on mere delay in remittance of the TDS after deducting the same
No Penalty leviable under section 271C on mere delay in remittance of the TDS after deducting the same Facts:…
Taxability of Vouchers, Coupons, Gift Card, Prepaid Card
Taxability of Vouchers, Coupons, Gift Card, Prepaid Card CA Shubham Sawal It is seen in normal business practice followed by…
Assessments cannot be made U/S 153A in case no incriminating evidence is found during search
Assessments cannot be made U/S 153A in case no incriminating evidence is found during search Supreme Court Case- PCIT…
SC denies GST credit on goods subjected to penal proceedings?
SC denies GST credit on goods subjected to penal proceedings? It’s a settled principle that law must be interpreted…
Confiscated goods cannot be claimed as a trading loss incidental to business: SC
Confiscated goods cannot be claimed as a trading loss incidental to business: SC The Commissioner of Income…
Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to rest by the Hon’ble Supreme Court!
Controversy over existence of seized “incriminating material” for re (assessment) under section 153A/153C of the Income Tax Act laid to…
AO cannot make an ad hoc disallowance of expenses for want of support for each expense without pointing to defects in vouchers on a sample basis
AO cannot make an ad hoc disallowance of expenses for want of support for each expense without pointing to defects…
If the Assessing Officer has followed a decision of the High Court holding the field, the order of the Assessing Officer cannot be said to be erroneous
If the Assessing Officer has followed a decision of the High Court holding the field, the order of the Assessing…
GST Advisory on Bank Account Validation
GST Advisory on Bank Account Validation GSTN is pleased to inform you that the functionality for bank account validation…
Without pointing to defect in the vouchers, ad hoc disallowance of 10% cannot be made: ITAT Delhi
Without pointing to defect in the vouchers, ad hoc disallowance of 10% cannot be made: ITAT Delhi TPF Getinsa Euroestudios…
When addition has been made under the Black Money Law, double addition cannot be made under Income Tax Act: ITAT Delhi
When addition has been made under the Black Money Law, double addition cannot be made under Income Tax Act: ITAT…
Higher Rate of Tax collection at source on foreign remittances @ 20%
Higher Rate of Tax collection at source on foreign remittances @ 20% Query 1] I have a question…
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB?
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB? Calcutta High…
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out of agricultural income?
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out…
