Month: May 2025

ITAT grants Section 11 relief by holding that amendment is prospective and not punitive as Onerous compliance not to apply backwards

3 months ago

ITAT grants Section 11 relief by holding that amendment is prospective and not punitive as Onerous compliance not to apply…

Income Tax IT Judgement

No need for registered deed, Investment and possession are enough for capital gain exemption: ITAT

4 months ago

No need for registered deed, Investment and possession are enough for capital gain exemption: ITAT Investment and possession are enough,…

Income Tax

Imposition of penalty merely on technical mistake committed by the assessee without any loss of revenue would not be sustainable.

4 months ago

Imposition of penalty merely on technical mistake committed by the assessee without any loss of revenue would not be sustainable. …

Income Tax

Why Your Salary Disappears by Mid-Month — And How to Stop It

4 months ago

Why Your Salary Disappears by Mid-Month — And How to Stop It If you’re like most salaried professionals, your phone…

Income Tax

Cash deposit during Demonetization: ITAT deletes the addition as a trail of cash flow established the source of the deposits.

4 months ago

Cash deposit during Demonetization: ITAT deletes the addition as a trail of cash flow established the source of the deposits.…

Income Tax

Any debatable issues should be assessed under scrutiny assessment under section 143(3) & not through summary processing under Section 143(1)(a)

4 months ago

Any debatable issues should be assessed under scrutiny assessment under section 143(3) & not through summary processing under Section 143(1)(a)…

Income Tax

Capital Gain Exemption: Separate floors of a singular house are not required to be considered as multiple residential houses

4 months ago

Capital Gain Exemption: Separate floors of a singular house are not required to be considered as multiple residential houses …

GST Income Tax

An overview of the provision related to GST on Road Transport Services

4 months ago

An overview of the provision related to GST on Road Transport Services If your business relies on transporting goods…

Income Tax

Taxpayers can file ITR 1 and ITR 4 ! Excel Utilities only released !

4 months ago

Taxpayers can file ITR 1 and ITR 4 ! Excel Utilities only released ! Excel Utilities of ITR-1 and…

Income Tax

Foreign Tax Credit (FTC) admissible even if there is a delay in filing of Form 67

4 months ago

Foreign Tax Credit (FTC) admissible even if there is a delay in filing of Form 67 ITAT Pune in the…

Income Tax

Reopening under section 148 & not under section 153C is bad in law if it is based on incriminating materials, documents, electronic data seized from a third party, or statements recorded during the investigation

4 months ago

Reopening under section 148 & not under section 153C is bad in law if it is based on incriminating materials,…

GST

Step-by-Step Guide for Full GST Reconciliation

4 months ago

Step-by-Step Guide for Full GST Reconciliation Here is a step-by-Step Guide for Full GST Reconciliation as under: 1. Purchase (Input…

Income Tax

Form 26A not filed by the assessee – Whether disallowance U/s 40(a)(ia) can be made even if the payee has already offered the income to tax in its ITR

4 months ago

Form 26A not filed by the assessee – Whether disallowance U/s 40(a)(ia) can be made even if the payee has…

Income Tax

Is GST applicable on canteen and transport recoveries from Employees?

4 months ago

Is GST applicable on canteen and transport recoveries from Employees? In an AAR in the case of M/s Ferrero…

Income Tax

Transaction which was bona fide and not aimed to avoid any tax liability would constitute a reasonable cause within the meaning of Section 273B

4 months ago

Transaction which was bona fide and not aimed to avoid any tax liability would constitute a reasonable cause within the…

Income Tax

Delhi HC allows 54F deduction of Rs 90 Cr, where multiple floors of residential property were purchased

4 months ago

Delhi HC allows 54F deduction of Rs 90 Cr, where multiple floors of residential property were purchased Principal Commissioner…

Income Tax

Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at Railway Station

4 months ago

Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at…

Income Tax

Reassessment Proceeding: Section 149(1)(b) of the Act would be satisfied if the cumulative value of the expenditure exceeds ₹ 50 lakhs provided that the same is related to an event or occasion.

4 months ago

Reassessment Proceeding: Section 149(1)(b) of the Act would be satisfied if the cumulative value of the expenditure exceeds ₹ 50 lakhs provided…

Month: May 2025

ITAT grants Section 11 relief by holding that amendment is prospective and not punitive as Onerous compliance not to apply backwards

No need for registered deed, Investment and possession are enough for capital gain exemption: ITAT

Imposition of penalty merely on technical mistake committed by the assessee without any loss of revenue would not be sustainable.

Why Your Salary Disappears by Mid-Month — And How to Stop It

Cash deposit during Demonetization: ITAT deletes the addition as a trail of cash flow established the source of the deposits.

Any debatable issues should be assessed under scrutiny assessment under section 143(3) & not through summary processing under Section 143(1)(a)

Capital Gain Exemption: Separate floors of a singular house are not required to be considered as multiple residential houses

An overview of the provision related to GST on Road Transport Services

Taxpayers can file ITR 1 and ITR 4 ! Excel Utilities only released !

Foreign Tax Credit (FTC) admissible even if there is a delay in filing of Form 67

Reopening under section 148 & not under section 153C is bad in law if it is based on incriminating materials, documents, electronic data seized from a third party, or statements recorded during the investigation

Step-by-Step Guide for Full GST Reconciliation

Form 26A not filed by the assessee – Whether disallowance U/s 40(a)(ia) can be made even if the payee has already offered the income to tax in its ITR

Is GST applicable on canteen and transport recoveries from Employees?

Transaction which was bona fide and not aimed to avoid any tax liability would constitute a reasonable cause within the meaning of Section 273B

Delhi HC allows 54F deduction of Rs 90 Cr, where multiple floors of residential property were purchased

Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at Railway Station

Reassessment Proceeding: Section 149(1)(b) of the Act would be satisfied if the cumulative value of the expenditure exceeds ₹ 50 lakhs provided that the same is related to an event or occasion.

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