Income TaxIT JudgementForeign Tax Credit: The requirement under Rule 128 to file Form 67 within the due date is directory, not mandatory.Today at 1:18 am0Foreign Tax Credit: The requirement under Rule 128 to file Form 67 within the due date is directory, not mandatory.…
Income TaxIT JudgementNo need for registered deed, Investment and possession are enough for capital gain exemption: ITAT31 May at 3:29 am0No need for registered deed, Investment and possession are enough for capital gain exemption: ITAT Investment and possession are enough,…
IT Judgement1. Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of the AO without objection.28 Sep 20240Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of…
Income TaxIT JudgementHexaware Technologies followed by Bombay HC in Bunch of Writ Petition17 Jul 20240Hexaware Technologies followed by Bombay HC in Bunch of Writ Petition
Income TaxIT JudgementRepresentation by ICAI on Technical glitches in filing returns and payment and payment of taxes17 Jul 20240Representation by ICAI on Technical glitches in filing returns and payment and payment of taxes
IT Judgement𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫’𝐬 𝐑𝐞𝐩𝐥𝐲 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐝𝐢𝐬𝐦𝐢𝐬𝐬𝐞𝐝 𝐛𝐲 𝐏𝐫𝐨𝐩𝐞𝐫 𝐨𝐟𝐟𝐢𝐜𝐞𝐫 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐩𝐫𝐨𝐩𝐞𝐫 𝐣𝐮𝐬𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧17 Jun 20240𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫’𝐬 𝐑𝐞𝐩𝐥𝐲 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐝𝐢𝐬𝐦𝐢𝐬𝐬𝐞𝐝 𝐛𝐲 𝐏𝐫𝐨𝐩𝐞𝐫 𝐨𝐟𝐟𝐢𝐜𝐞𝐫 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐩𝐫𝐨𝐩𝐞𝐫 𝐣𝐮𝐬𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 The case involves a dispute over a Show…
Income TaxIT JudgementHow to claim deduction under Section 80G8 Jun 20240How to claim deduction under Section 80G Contributions made to certain relief funds and charitable institutions can be claimed as…
IT JudgementWhether Intimation u/s 143(1) can be subject matter of revision u/s 264 of Income-tax Act,1961?8 Jun 20240Whether Intimation u/s 143(1) can be subject matter of revision u/s 264 of Income-tax Act,1961? Delhi High Court in…
Income TaxIT JudgementEx-parte order was passed by NFAC in case of an Illitrate and agriculturist Assessee quashed & restored back to AO in light of principles of natural justice.8 Jun 20240Ex-parte order was passed by NFAC in case of an Illitrate and agriculturist Assessee quashed & restored back to AO…
Income TaxIT Judgement5. Reopening Notices Based on Borrowed Material from DRI and Justice M.B. Shah Commission Report Quashed by Bombay HC23 May 20240Reopening Notices Based on Borrowed Material from DRI and Justice M.B. Shah Commission Report Quashed by Bombay HC Bombay…
Income TaxIT JudgementAllahabad High Court Criticizes GST Officials for Violating Principles of Natural Justice23 May 20240Allahabad High Court Criticizes GST Officials for Violating Principles of Natural Justice In the matter of Ns Agro and…
Income TaxIT JudgementNo penalty U/s 271DA for violation of section 269ST as the violation was by young company floated by first time entrepreneur without intent to evade tax: ITAT Delhi23 May 20240No penalty U/s 271DA for violation of section 269ST as the violation was by young company floated by first time…
Income TaxIT JudgementHeavy costs and disciplinary proceedings on GST Officers for not providing opportunity of personal hearing to taxpayers by Allahabad HC23 May 20240Heavy costs and disciplinary proceedings on GST Officers for not providing opportunity of personal hearing to taxpayers by Allahabad HC…
Income TaxIT JudgementSec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai18 May 20240Sec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai Gopalkrishna Pandu Shetty…
IT JudgementValidity of assessment framed u/s 143(3) vis a vis issuance of notice U/s 143(2) by non- jurisdictional ITO4 May 20240Validity of assessment framed u/s 143(3) vis a vis issuance of notice U/s 143(2) by non- jurisdictional ITO Here…
Income TaxIT JudgementAddition of Rs.344.55 Cr during assessment proceeding with less than 72 Hours to reply to SCN: Assessment quashed by Bombay HC for de-novo consideration by AO.4 May 20240Addition of Rs.344.55 Cr during assessment proceeding with less than 72 Hours to reply to SCN: Assessment quashed by Bombay…
IT JudgementHon’ble SC upheld strict adherence to the Time Limit for Refunds4 May 20240Hon’ble SC upheld strict adherence to the Time Limit for Refunds Recently Hon’ble Supreme Court enunciated the following principles…
IT JudgementCan GST liability be recovered from the former Director (who resigned) from the Company?20 Apr 20240Can GST liability be recovered from the former Director (who resigned) from the Company? The Bombay HC HELD…