Can short term capital gain u/s 50 of I.T.Act,1961 arising from sale of depreciable assets be set off against brought forward business loss?
Return of Income beyond the time limit provided under section 142(1) – Whether it is necessary to issue notice u/s 143(2)?
Where the assessee did not understand technical details while filing ITR but paid tax before 148 notice, penalty cannot be levied: ITAT
The Income Tax Department has launched a large-scale crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).
Bombay High Court Allows Condonation of 24-Day Delay in Filing Form 10B, Restores Section 11 Exemption