IT Judgement

Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows that assessee has sufficient opening cash balance at the beginning of 01.04.2016

16 Sep at 8:04 am

Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows…

IT Judgement IT Judgement

Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the Act that will amount to double taxation

16 Sep at 7:12 am

Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the…

Income Tax IT Judgement

Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed

14 Sep at 11:48 am

Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed The ITAT bench of Delhi…

Income Tax IT Judgement

Impact of CBDT instruction post Abhisar SC Judgement

4 Sep at 10:40 am

Impact of CBDT instruction post Abhisar SC Judgement Introduction: The Supreme Court has stated in the case of Abhisar…

IT Judgement

Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore

2 Sep at 5:18 am

Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore ABB Switzerland Ltd. (ITA…

IT Judgement

Notice issued u/s 148 without DIN is valid, if the assessee responded to manual notices: Allahabad HC

26 Aug at 9:44 am

Notice issued u/s 148 without DIN is valid, if the assessee responded to manual notices: Allahabad HC “Chandra Bhan…

IT Judgement

Whether CPC can propose adjustment in Intimation u/s 143(1)(a) and pass order u/s 154 without giving an opportunity of hearing as prescribed in Section 154(3)?

26 Aug at 8:25 am

Whether CPC can propose adjustment in Intimation u/s 143(1)(a) and pass order u/s 154 without giving an opportunity of hearing…

IT Judgement

Sec 142(1) and Sec 148 cannot operate concurrently: ITAT Dehradun

16 Aug at 6:37 am

Sec 142(1) and Sec 148 cannot operate concurrently: ITAT Dehradun Uttrakhand Poorv Sainik Kalyan Nigam Ltd. Vs ITO (ITAT…

IT Judgement

Deduction & Claim can be considered by way of a simple letter during assessment proceeding- No need for Revised Return

22 Jul at 8:27 am

Deduction & Claim can be considered by way of a simple letter during assessment proceeding- No need for Revised Return…

IT Judgement

Bogus Purchase: Only profit element taxable if sales & stock is not doubted

22 Jul at 7:05 am

Bogus Purchase: Only profit element taxable if sales & stock is not doubted PCIT v. Ashwin Purshotam Bajaj [ITA…

IT Judgement

HC directed department to refund amount recovered from recipient since wrong GSTR-1 was filed by supplier

8 Jul at 11:10 am

HC directed department to refund amount recovered from recipient since wrong GSTR-1 was filed by supplier Facts: The…

IT Judgement

No tax can be levied on the principles of estoppel: ITAT

8 Jul at 5:43 am

No tax can be levied on the principles of estoppel: ITAT Cornet Hotel Services & Suppliers Pvt. Ltd. Versus…

IT Judgement

Assessment order cannot be passed only against one legal heir: Delhi HC

29 Jun at 5:07 am

Assessment order cannot be passed only against one legal heir: Delhi HC Facts: 1. The petitioners are the legal heirs…

IT Judgement

Order U/S 148A(d) is not a final assessment order, writ against the order is dismissed: Calcutta HC

24 Jun at 5:59 am

Order U/S 148A(d) is not a final assessment order, writ against the order is dismissed: Calcutta HC Dinesh Kumar…

IT Judgement

CBDT amends rules to incorporate new tax regime and notifies new Form 10IEA:

24 Jun at 4:00 am

CBDT amends rules to incorporate new tax regime and notifies new Form 10IEA: CBDT has issued notification 43/2023 dated…

IT Judgement

Business profits of a foreign company cannot be taxed unless there exists a PE.

10 Jun at 8:43 am

Business profits of a foreign company cannot be taxed unless there exists a PE. Baker Hughes Energy Technologies UK Ltd.…

IT Judgement

Reassement quashes by delhi high court as it is done by deviating from prior view without any cogent reasoning

3 Jun at 6:04 am

Reassement quashes by delhi high court as it is done by deviating from prior view without any cogent reasoning …

IT Judgement

Karnataka HC quashed SCN of Rs. 21,000 crores issued to Gameskraft’s online gaming activities.

20 May at 7:16 am

Karnataka HC quashed SCN of Rs. 21,000 crores issued to Gameskraft’s online gaming activities. This case argued by who’s…

IT Judgement

Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows that assessee has sufficient opening cash balance at the beginning of 01.04.2016

Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the Act that will amount to double taxation

Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed

Impact of CBDT instruction post Abhisar SC Judgement

Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore

Notice issued u/s 148 without DIN is valid, if the assessee responded to manual notices: Allahabad HC

Whether CPC can propose adjustment in Intimation u/s 143(1)(a) and pass order u/s 154 without giving an opportunity of hearing as prescribed in Section 154(3)?

Sec 142(1) and Sec 148 cannot operate concurrently: ITAT Dehradun

Deduction & Claim can be considered by way of a simple letter during assessment proceeding- No need for Revised Return

Bogus Purchase: Only profit element taxable if sales & stock is not doubted

HC directed department to refund amount recovered from recipient since wrong GSTR-1 was filed by supplier

No tax can be levied on the principles of estoppel: ITAT

Assessment order cannot be passed only against one legal heir: Delhi HC

Order U/S 148A(d) is not a final assessment order, writ against the order is dismissed: Calcutta HC

CBDT amends rules to incorporate new tax regime and notifies new Form 10IEA:

Business profits of a foreign company cannot be taxed unless there exists a PE.

Reassement quashes by delhi high court as it is done by deviating from prior view without any cogent reasoning

Karnataka HC quashed SCN of Rs. 21,000 crores issued to Gameskraft’s online gaming activities.

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