The Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised ROI has expired: Supreme Court.
Expenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest Vs Revisionary power of CIT ย u/s 263
๐๐๐ฌ ๐พ๐ฝ๐๐พ ๐๐ช๐๐๐๐ก๐๐ฃ๐๐จ ๐๐จ๐จ๐ช๐๐ – ๐๐๐ฃ๐๐๐ฉ๐ค๐ง๐ฎ ๐๐๐ง๐ฉ๐ช๐๐ก ๐๐๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐๐๐ ๐พ๐๐จ๐๐จ
Any claim made in the revised return post the due date of filing the revised return cannot be considered by the Assessing Officer
Principle of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC
Whether the secondment of employees from the overseas group company to an Indian subsidiary exigible to GST?
Technological challenges cannot justify harassing an assessee, Income Tax Department should improve its software to prevent future errors: SC
Approval of delay application should focus on sufficient reason, not merits of claim U/s 119(2)(b) of Income Tax Act: Kerala High Court
Affidavit & Declaration on stamp paper of Rs. 100 shall continue to be valid: Clarification Circular issued by Maharashtra Stamp Department
If main is to carry on the business of leasing of immovable properties then resultant income is Business Income and not House Property Income: Bombay HC
