Income TaxValidity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade52 mins agoValidity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue…
Income TaxNo addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT18 hours agoNo addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification…
Income TaxAddition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT21 hours agoAddition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted…
TDSEmployee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury22 hours agoEmployee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury The…
Income TaxReassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT22 hours agoReassessment notices issued by JAO instead of FAO are invalid and unsustainable in law: Jodhpur ITAT The Hon’ble Rajasthan…
Income TaxEntire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.23 hours agoEntire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out…
Income TaxBurden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid23 hours agoBurden is on the Revenue to justify the assumption of jurisdiction: Non-compliance with CBDT Circular rendered assessment invalid Recently,…
Income TaxITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman:1 day agoITR refund status 2025: Delays due to ‘red-flagged’ claims, says CBDT chairman: 1. Chairman of the Central Board of…
Income TaxCompanies Amendment Bill: A Step Towards Ease of Doing Business1 day agoCompanies Amendment Bill: A Step Towards Ease of Doing Business The Ministry of Corporate Affairs (MCA) has finalized the…
Income TaxForeign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT1 day agoForeign Tax Credit Allowable Even if Indian Tax on Foreign Income is Nil Due to Exemptions: ITAT Case Reference:…
Income TaxWhen Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)3 days agoWhen Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2) If you read last Monday’s…
GSTIncome TaxTDSTDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 19613 days agoTDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C…
Income TaxAllahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service5 days agoAllahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service Allahabad…
Income TaxHere is another judgement on S.87A rebate on special income under new tax regime.5 days agoHere is another judgement on S.87A rebate on special income under new tax regime. The judgements on S.87A rebate…
Income TaxIntimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT6 days agoIntimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return…
Income taxSection 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT6 days agoSection 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT…
Income TaxITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 1276 days agoITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127 Hon’ble ITAT,…
Income TaxTDS not applicable on commission to NRI agents procuring foreign customers6 days agoTDS not applicable on commission to NRI agents procuring foreign customers In a recent case, AO made disallowance u/s…