Month: February 2025

Income Tax

Once a search action U/s 132 forms the foundation of a case, the Revenue must proceed under Section 153A/153C, rather than invoking reassessment under Section 147/148

28 Feb at 6:24 am

Once a search action U/s 132 forms the foundation of a case, the Revenue must proceed under Section 153A/153C, rather…

Income Tax

Structural Change in the Income-Tax Bill, 2025

28 Feb at 6:15 am

Structural Change in the Income-Tax Bill, 2025 The Income-Tax Bill, 2025 is a proposed new legislation aimed at replacing the…

Income Tax

Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change of Opinion – ITAT Ahmedabad

28 Feb at 4:58 am

Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change…

Income Tax

New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax Bill, 2025

28 Feb at 3:10 am

New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax…

Income Tax

For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court

28 Feb at 1:08 am

For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court Trusts, Registration,…

Income Tax

Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra ITAT

28 Feb at 12:40 am

Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra…

GST

An overview of GST on GTA – RCM vs Forward Charge

28 Feb at 12:26 am

An overview of GST on GTA – RCM vs Forward Charge Goods Transport Agencies (GTA) operate under two GST…

Income Tax

Admissibility of Additional claim during Assessment Proceeding- Whether tenable?

27 Feb at 8:16 am

Admissibility of Additional claim during Assessment Proceeding- Whether tenable? If assessee has made any additional claim during the course…

Income Tax

Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India

27 Feb at 4:43 am

Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India Delhi Tribunal in…

Income Tax

Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name

27 Feb at 1:40 am

Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name In…

Income Tax

Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order

27 Feb at 1:00 am

Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order In a crucial ruling, Andhra Pradesh HC Quashes…

Income Tax

Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment or remittance

27 Feb at 12:33 am

Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment…

Income Tax

New requirements asked in Income Tax scrutiny

26 Feb at 5:48 am

New requirements asked in Income Tax scrutiny The Copy of the Annexure is as under: WhatsApp Image 2025-02-26 at…

Income Tax

Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees?

25 Feb at 8:23 am

Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees? …

Income Tax

No Penalty for Debatable Tax Claims Made in Good Faith: ITAT Chennai

25 Feb at 5:26 am

No Penalty for Debatable Tax Claims Made in Good Faith: ITAT Chennai The ITAT Chennai quashed the 200% penalty…

Income Tax

Interpretation of “First Offence” under the 2014 Guidelines by the Apex Court

25 Feb at 4:05 am

Interpretation of “First Offence” under the 2014 Guidelines by the Apex Court In a case before Supreme court in Vinubhai…

Income Tax

If any third-party search (u/s 132) reveals incriminating material related to an assessee, the department should proceed under section 153C, rather than invoking section 147/148.

25 Feb at 3:44 am

If any third-party search (u/s 132) reveals incriminating material related to an assessee, the department should proceed under section 153C,…

Income Tax

All the offences committed prior to issuance of show cause notice/intimation for launching of prosecution falls within the purview of “first offence”: Supreme Court

25 Feb at 1:11 am

All the offences committed prior to issuance of show cause notice/intimation for launching of prosecution falls within the purview of…

Month: February 2025

Once a search action U/s 132 forms the foundation of a case, the Revenue must proceed under Section 153A/153C, rather than invoking reassessment under Section 147/148

Structural Change in the Income-Tax Bill, 2025

Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change of Opinion – ITAT Ahmedabad

New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax Bill, 2025

For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court

Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra ITAT

An overview of GST on GTA – RCM vs Forward Charge

Admissibility of Additional claim during Assessment Proceeding- Whether tenable?

Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India

Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name

Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order

Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment or remittance

New requirements asked in Income Tax scrutiny

Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees?

No Penalty for Debatable Tax Claims Made in Good Faith: ITAT Chennai

Interpretation of “First Offence” under the 2014 Guidelines by the Apex Court

If any third-party search (u/s 132) reveals incriminating material related to an assessee, the department should proceed under section 153C, rather than invoking section 147/148.

All the offences committed prior to issuance of show cause notice/intimation for launching of prosecution falls within the purview of “first offence”: Supreme Court

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