Income TaxCondonation of Delay before CIT-A or ITAT or HC: Few case laws taxpayers can rely uponToday at 7:38 am0Condonation of Delay before CIT-A or ITAT or HC: Few case laws taxpayers can rely upon In tax litigation, delays…
Income TaxBombay HC confirmed addition of 100% of peak purchases from tainted partiesToday at 6:38 am0Bombay HC confirmed addition of 100% of peak purchases from tainted parties Recently, the Hon,ble BHC in case of…
Income TaxCompensation for Nuisance is Non-Taxable Capital Receipt: ITAT MumbaiToday at 4:06 am0Compensation for Nuisance is Non-Taxable Capital Receipt: ITAT Mumbai Recently, ITAT Mumbai in the case of Mohammed Fakhre Alam…
Income TaxIntimation under section 143(1) is invalid in law if it was not served to the assessee within the prescribed timelines: ITAT AhmedabadToday at 3:47 am0Intimation under section 143(1) is invalid in law if it was not served to the assessee within the prescribed timelines:…
Income TaxNo percentage Business: 100% of the Bogus purchase disallowed by Bombay HCToday at 3:21 am0No percentage Business: 100% of the Bogus purchase disallowed by Bombay HC Here is Another judgement of the Bombay…
Income TaxInterest on Delayed Payment under Section 16 of the MSMED Act and its Allowability under the IT ActToday at 1:23 am0Interest on Delayed Payment under Section 16 of the MSMED Act and its Allowability under the IT Act The…
Income Tax30th April 2025- Last date for opting the Direct Tax Vivad se Vishwas, 2024 is 30 April 2025Yesterday at 9:38 am030th April 2025- Last date for opting the Direct Tax Vivad se Vishwas, 2024 is 30 April 2025 For the…
Income TaxPune ITAT Declares Assessment Invalid as notice not served at Correct AddressYesterday at 7:32 am0Pune ITAT Declares Assessment Invalid as notice not served at Correct Address In Dhanottam Lonkar vs. ITO (ITA No.214/PUN/2022),…
Income TaxMutual Funds earned by a Singapore resident is not taxable in India unlike shares: ITAT MumbaiYesterday at 6:12 am0Mutual Funds earned by a Singapore resident is not taxable in India unlike shares: ITAT Mumbai Anushaka Sanjay Shah (Ms)…
Income TaxLength of delay is immaterial when there exists “sufficient cause”- ITAT condoned the delay of 1607 daysYesterday at 5:22 am0Length of delay is immaterial when there exists “sufficient cause”- ITAT condoned the delay of 1607 days ITAT Ahmedabad…
Income TaxHC directed CBDT to apply VsV Scheme, 2024 to taxpayers where due date of filing of appeal has not expiredYesterday at 1:38 am0HC directed CBDT to apply VsV Scheme, 2024 to taxpayers where due date of filing of appeal has not expired…
Income TaxOops, Missed a TDS Claim? Here’s How You Can Still Claim It!Yesterday at 1:24 am0 Oops, Missed a TDS Claim? Here’s How You Can Still Claim It! Query 1] I have filed my…
Income TaxAn overview of the ROC Compliance & Due Dates for the FY 2024-2512 Apr at 10:33 am0An overview of the ROC Compliance & Due Dates for the FY 2024-25 1. April 30, 2025 Form MSME-1 (Half-Yearly…
Income TaxHello Companies! Don’t Miss to file Form MSME-1 – The New Compliance!12 Apr at 9:21 am0Hello Companies! Don’t Miss to file Form MSME-1 – The New Compliance! For all companies in India dealing with…
Income TaxITAT, Delhi Quashes Penalty for Non-Compliance of Invalid Unsigned Notices Under Section 272A(1)(d)12 Apr at 7:21 am0ITAT, Delhi Quashes Penalty for Non-Compliance of Invalid Unsigned Notices Under Section 272A(1)(d) Recenlty, ITAT, Delhi Quashes Penalty for…
TDSCBDT circular for waiver of Interest in specified cases where TDS/TCS is debited in the bank account within due date but challan reflected later date12 Apr at 5:05 am0CBDT circular for waiver of Interest in specified cases where TDS/TCS is debited in the bank account within due date…
Income TaxWould a gift given by step brother/ sister be exempt from tax?12 Apr at 4:20 am0Would a gift given by step brother/ sister be exempt from tax? Issue: 1. Assessee has received a property as…
Income TaxPenalty u/s. 270A not leviable as order and notice failed to specify applicable limb: Pune ITAT12 Apr at 3:48 am0Penalty u/s. 270A not leviable as order and notice failed to specify applicable limb: Pune ITAT Deputy Commissioner Of…