Update on Rebate u/s 87A: Bombay High Court Relief
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Update on Rebate u/s 87A: Bombay High Court Relief The Chamber of Tax Consultants filed a PIL before the…
Income Tax
Relaxation in the provisions for availing VSV Scheme II.
Relaxation in the provisions for availing VSV Scheme II. The copy of the order is as under: Representation to…
Condonation of delay in the case of Income Tax Appeals:
Condonation of delay in the case of Income Tax Appeals: 1. Limitation Act: As per Section 5 of the…
Even if the charitable trust is not registered u/s.12AA the entire gross receipts can’t be taxed and all legitimate deductions are allowable.
Even if the charitable trust is not registered u/s.12AA the entire gross receipts can’t be taxed and all legitimate deductions…
Car registered in the name of another person – ITAT, Mumbai disallowed the claim of depreciation
Car registered in the name of another person – ITAT, Mumbai disallowed the claim of depreciation ITAT in the…
Whether ITC is eligible in the absence of proof of the genuineness of transactions?
Whether ITC is eligible in the absence of proof of the genuineness of transactions? The Honorable Supreme Court in…
Cryptocurrency taxable as Capital Gain and eligible for exemption U/s 54F: Jodhpur ITAT
Cryptocurrency taxable as Capital Gain and eligible for exemption U/s 54F: Jodhpur ITAT Here is an interesting case on…
Transfer by way of gift pursuant to court order need to be considered at the actual cost in the hands of the recipient and eligible for deprecation: Delhi ITAT
Transfer by way of gift pursuant to court order need to be considered at the actual cost in the hands…
CBDT launched E-campaign under the e-Verification Scheme, 2021 to reconcile discrepancies between your AIS & ITR
CBDT launched E-campaign under the e-Verification Scheme, 2021 to reconcile discrepancies between your AIS & ITR Recently, CBDT has…
CIT (E) cannot deny registration U/s 12AB solely on the basis of a presumed commercial nature of the objects: ITAT, Indore.
CIT (E) cannot deny registration U/s 12AB solely on the basis of a presumed commercial nature of the objects: ITAT,…
Shares Gifted and recorded at Higher Value in the books – No tax U/s 56(2)(x): ITAT Mumbai
Shares Gifted and recorded at Higher Value in the books – No tax U/s 56(2)(x): ITAT Mumbai The issue…
Whether the GST Officers are empowered to seize cash at the time of raid of the premises of the assessee in exercise of their powers under Section 67(2) of the C.G.S.T. Act?
Whether the GST Officers are empowered to seize cash at the time of raid of the premises of the assessee…
Hire Charges of vessel does not constitute ‘Royalty’ under India-Singapore DTAA
Hire Charges of vessel does not constitute ‘Royalty’ under India-Singapore DTAA As held by the Hon’ble Delhi Tribunal in…
Crypto Gains Before 2022 : ITAT Clears the Fog on Tax Treatment
Crypto Gains Before 2022 : ITAT Clears the Fog on Tax Treatment The Jodhpur ITAT, in Raunaq Prakash Jain vs.…
Transfer of jurisdiction under section 127: Non-disclosure of reasons or failure to provide a hearing to the assessee renders the transfer order invalid.
Transfer of jurisdiction under section 127: Non-disclosure of reasons or failure to provide a hearing to the assessee renders the…
No Capital gain exemption where more than one flat purchase is on separate floors, located at diagonally opposite ends of the same tower.
No Capital gain exemption where more than one flat purchase is on separate floors, located at diagonally opposite ends of…
Guidance Note 2/2024 on provision of the Direct Tax Vivad se Vishwas Scheme 2024
Guidance Note 2/2024 on provision of the Direct Tax Vivad se Vishwas Scheme 2024 The copy of the Circular…
Where the basis of appeal is the ITR, the appeal would be dismissed, if the return is invalid: ITAT Chandigarh
Where the basis of appeal is the ITR, the appeal would be dismissed, if the return is invalid: ITAT Chandigarh…
