Income TaxDelay in procedural compliance (filing Form 67) does not amount to misreporting under Section 270A(9)Yesterday at 6:31 am0Delay in procedural compliance (filing Form 67) does not amount to misreporting under Section 270A(9) ITAT Visakhapatnam decision in…
Income TaxCan the Income Tax Department use electronic evidence in assessments or appeals without a Section 65B certificate of the Indian Evidence Act ?Yesterday at 6:09 am0Can the Income Tax Department use electronic evidence in assessments or appeals without a Section 65B certificate of the Indian…
Income TaxNotice u/s 148 served on the old email-id of the Assessee or wrong address is invalidYesterday at 5:53 am0Notice u/s 148 served on the old email-id of the Assessee or wrong address is invalid ITAT Delhi recently in…
Income TaxSection 65B of the Indian Evidence Act, 1872 does not apply to assessment proceedings under the Income Tax Act, 1961.Yesterday at 5:42 am0Section 65B of the Indian Evidence Act, 1872 does not apply to assessment proceedings under the Income Tax Act, 1961.…
Income TaxStock in trade cannot be subject matter of addition u/s 56(2)(viia) as it is outside the meaning of the word ‘property’ as provided in clause (vii) : Mumbai ITAT Yesterday at 1:32 am0Stock in trade cannot be subject matter of addition u/s 56(2)(viia) as it is outside the meaning of the word…
Income TaxCIT(A) is duty bound to follow his predecessors order on similar issue decided in another case: Mumbai ITAT16 May at 1:34 am0CIT(A) is duty bound to follow his predecessors order on similar issue decided in another case: Mumbai ITAT ITAT…
Income TaxPMLA accused has a right to get copies of material not even relied on by ED: SC15 May at 6:36 am0PMLA accused has a right to get copies of material not even relied on by ED: SC Sarla Gupta…
Income TaxNo addition on ESI PF issue permissible under section 143(1) prior to Checkmate Judgement: Chhattisgarh HC15 May at 5:49 am0No addition on ESI PF issue permissible under section 143(1) prior to Checkmate Judgement: Chhattisgarh HC Chhattisgarh High Court…
Income TaxOnce the business receipts are accepted, no separate addition under Section 68 survives: ITAT Mumbai.15 May at 1:59 am0Once the business receipts are accepted, no separate addition under Section 68 survives: ITAT Mumbai. The Mumbai ITAT, in…
Income TaxNotice issued without complying with the CBDT instruction specifying the format for such notices is invalid15 May at 1:46 am0Notice issued without complying with the CBDT instruction specifying the format for such notices is invalid Kolkata Tribunal in…
Income TaxITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit15 May at 1:33 am0ITAT Cancels Reopening for AY 2015–16 as Income Was Below ₹50 Lakh and Notice Issued Beyond 3-Year Limit The Tribunal…
Income TaxThe approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind before granting approval: Mumbai ITAT.14 May at 1:33 am0The approval U/s 153D must reflect material, findings and reasoning to show that the higher authority has applied his mind…
Income TaxAn apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates and DGGI13 May at 8:08 am0An apt representation on the arbitrary and mechanical invocation of Section 74 of the CGST Act by GST Audit Commissionerates…
Income TaxCIT(A) has the power and discretion to accept the revised figures during appellate proceedings13 May at 5:06 am0CIT(A) has the power and discretion to accept the revised figures during appellate proceedings The Mumbai ITAT, in Ramel…
Income TaxPrinciple of Consistency: ITAT directed to tax income from license fees as “Income from House Property”13 May at 4:51 am0Principle of Consistency: ITAT directed to tax income from license fees as “Income from House Property” Kolkata Tribunal in…
Income TaxImproper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order13 May at 4:38 am0Improper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order Recently, in the…
Income TaxExpenses crystallized during the relevant year is not prior-period expenses13 May at 3:26 am0Expenses crystallized during the relevant year is not prior-period expenses The Tribunal in the case of Delhi Tribunal: Dixon…
Income TaxReassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata13 May at 2:48 am0Reassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata The ITAT Kolkata allowed the appeal…