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Recent Posts
- Requirement to deposit 20% of the disputed demand as per the said CBDT Circular is directory in nature and not mandatory.
- Madras HC Quashes TVS Reassessment Notice – JAO Has No Jurisdiction, Only Faceless AO Can Issue 148A Notices, Holds Court
- Sales tax incentives granted under state schemes for setting up industries in backward areas constitute capital receipts & so not taxable: Bombay HC
- No discrepancies in sales, Books of accounts also not rejected – No addition towards cash deposit sustainable
- Exemption Under section 54F admissible even if the payment is done by third-Party
- Supreme Court Dismisses SLP in JAO–FAO Jurisdiction Case: Revenue Seeks Revival Amidst 700+ Similar Matters
- No disallowance under Section 143(1)(a) can be made towards delayed ESI and EPF contributions as the issue was highly debatable
- Entire amount of bogus purchases cannot be disallowed – ITAT Ahmadabad distinguishes Bombay HC decision
- Non speaking dismissal of the SLP by the SC – JAO Vs. FAO Controversy to continue
- JAO Vs. FAO Controversy: Bombay HC again followed Hexaware Technology decision – Rejected department contention that it is pending before Supreme Court
