IT Judgement Calcutta High Court set aside the order 148A(d) and 147 order and restored the matter in the stage of 148A(b) May 13, 2023 0 Comments Calcutta High Court set aside the order 148A(d) and 147 order and restored the matter in the stage of 148A(b) Calcutta High Court set aside the order 148A(d) and 147 order and restored the matter in the stage of 148A(b)
IT Judgement Karnataka HC quashed SCN of Rs. 21,000 crores issued to Gameskraft’s online gaming activities. May 20, 2023 0 Comments
IT Judgement Rule 11UA amended by CBDT for angel tax on funds raised from non-residants. May 20, 2023 0 Comments
IT Judgement AO cannot reject the income estimated by the assessee by following the profit margin method, without first rejecting the books of accounts: ITAT Ahmedabad May 15, 2023 0 Comments
IT Judgement ITAT Jaipur bench deleted addition on account of cash deposited during demonetization out of cash sale May 13, 2023 0 Comments
IT Judgement Whether secretarial auditor has to verify list of related parties disclosed in financial statements or he can simply rely on the list verified by the statutory auditors? May 5, 2023 0 Comments
Income Tax, IT Judgement 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! April 26, 2023 0 Comments
Income Tax, IT Judgement Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB? April 24, 2023 0 Comments
IT Judgement 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? April 22, 2023 0 Comments
IT Judgement For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control Lies : Supreme Court. April 22, 2023 0 Comments
IT Judgement Addition cannot be made on the basis of messages from SMS or WhatsApp April 22, 2023 0 Comments
IT Judgement Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54 April 18, 2023 0 Comments
Income Tax, IT Judgement Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in terms of the first proviso to Section 149(1)(b) April 18, 2023 0 Comments
IT Judgement Non-registration of agreement to sale etc. does not disentitle assessee to claim benefit u/s 54F. April 15, 2023 0 Comments
IT Judgement Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment Year 2013-14 April 14, 2023 0 Comments
Income Tax, IT Judgement Madras High Court Quashes Reassessment Made After The Limitation Period April 12, 2023 0 Comments
IT Judgement SC judgement on revision of assessment orders U/S 263: CIT Vs Paville Projects Pvt. Ltd. (CA No. 6126 of 2021) April 8, 2023 0 Comments
IT Judgement One time Amnesty scheme for settlement of default in export obligations April 4, 2023 0 Comments
IT Judgement Section 54F cannot be denied even if the assessee fails to fufill the requirement of depositing the Gains in Capital Gain Scheme Account April 4, 2023 0 Comments