Month: November 2023

Income Tax

Can Board of a listed company appoint an additional director of over 75 years age as independent director subject to approval of members by special resolution in next AGM?

30 Nov 2023

Can Board of a listed company appoint an additional director of over 75 years age as independent director subject to…

Income Tax

Notice issued u/s 148 in new law for 10th year held valid and time limitation contention rejected

30 Nov 2023

Notice issued u/s 148 in new law for 10th year held valid and time limitation contention rejected The…

GST Income Tax

ADVISORY FOR THE PROCEDURES AND PROVISIONS RELATED TO THE AMNESTY FOR TAXPAYERS WHO MISSED THE APPEAL FILING DEADLINE FOR THE ORDERS PASSED ON OR BEFORE MARCH 31, 2023

29 Nov 2023

ADVISORY FOR THE PROCEDURES AND PROVISIONS RELATED TO THE AMNESTY FOR TAXPAYERS WHO MISSED THE APPEAL FILING DEADLINE FOR THE…

Income Tax

Assessee was exploring review petition in good faith, delay in filing appeals could be condoned: Delhi HC

29 Nov 2023

Assessee was exploring review petition in good faith, delay in filing appeals could be condoned: Delhi HC Facts: 1.An…

Income Tax TDS

If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS Rate

28 Nov 2023

If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS…

Income Tax

November -30th: Last Date to avail ITC for FY 2022-23

28 Nov 2023

November -30th: Last Date to avail ITC for FY 2022-23 November 30 is the last date for availing input…

Income Tax

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper service

27 Nov 2023

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper…

IT Judgement TDS

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

27 Nov 2023

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …

Income Tax

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC

27 Nov 2023

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC Facts: 1.A residential…

IT Judgement

Excess stock found during survey is taxable as Business Income and not Other Source Income

25 Nov 2023

Excess stock found during survey is taxable as Business Income and not Other Source Income The ITAT bench…

IT Judgement

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use

25 Nov 2023

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use …

IT Judgement

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?

25 Nov 2023

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of…

IT Judgement

Excess stock surrendered during survey can be treated as unexplained income?

25 Nov 2023

Excess stock surrendered during survey can be treated as unexplained income? The ITAT bench of Indore in the…

IT Judgement

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263

25 Nov 2023

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power…

IT Judgement

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.

25 Nov 2023

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of…

Income Tax

Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA

25 Nov 2023

Income earned from unqualified person notcovered by presumptive scheme of taxation under section 44ADA There are lot many persons…

Income Tax

Legal validity of Rule 37A for F.Y 2022-23

24 Nov 2023

Legal validity of Rule 37A for F.Y 2022-23 Rule 37A provides for reversal of ITC by recipient in case…

Income Tax

Assessment order passed by AO without quoting DIN – generation of DIN subsequently

24 Nov 2023

Assessment order passed by AO without quoting DIN – generation of DIN subsequently ITAT in the case of. Harjeet Singh…

Month: November 2023

Can Board of a listed company appoint an additional director of over 75 years age as independent director subject to approval of members by special resolution in next AGM?

Notice issued u/s 148 in new law for 10th year held valid and time limitation contention rejected

ADVISORY FOR THE PROCEDURES AND PROVISIONS RELATED TO THE AMNESTY FOR TAXPAYERS WHO MISSED THE APPEAL FILING DEADLINE FOR THE ORDERS PASSED ON OR BEFORE MARCH 31, 2023

Assessee was exploring review petition in good faith, delay in filing appeals could be condoned: Delhi HC

If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS Rate

November -30th: Last Date to avail ITC for FY 2022-23

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper service

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC

Excess stock found during survey is taxable as Business Income and not Other Source Income

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?

Excess stock surrendered during survey can be treated as unexplained income?

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.

Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA

Legal validity of Rule 37A for F.Y 2022-23

Assessment order passed by AO without quoting DIN – generation of DIN subsequently

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