CBDT amends Rule 17 & Form 10 providing accumulation of income.
CBDT amends Rule 17 & Form 10 providing accumulation of income. CBDT amends Rule 17 & Form 10 providing…
IT Judgement
CBIC issued guidelines for arrest and bail in relation to offences punishable under CGST Act and for issuance of summons u/s 70 of CGST Act.
CBIC issued guidelines for arrest and bail in relation to offences punishable under CGST Act and for issuance of summons…
Officers of the department must not take advantage of ignorance of an assessee as to his rights and that it is one of their duties to assist a tax payer in every reasonable way
Officers of the department must not take advantage of ignorance of an assessee as to his rights and that it…
Valuation is a matter of opinion / estimation: No addition should be made for reasonable difference between the expenditure actually incurred vis a vis valuation done by DVO
Valuation is a matter of opinion / estimation: No addition should be made for reasonable difference between the expenditure actually…
Heavy Gold Jewellery received as ‘Streedhan’ and found in income tax raid vs. validity of its addition
Heavy Gold Jewellery received as ‘Streedhan’ and found in income tax raid vs. validity of its addition Shri Gyanendra Singh…
Payments made to UK company under Shared Services Agreement are not Taxable as Royalty: ITAT Mumbai
Payments made to UK company under Shared Services Agreement are not Taxable as Royalty: ITAT Mumbai Deloitte Haskins &…
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad in law
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad…
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which is effective from 01.04.2021.
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which…
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the assessee
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the…
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made by the AO is not justified.
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made…
Fresh claim before the Assessing Officer by way of a rectification application & the legal position
Fresh claim before the Assessing Officer by way of a rectification application & the legal position There was an issue…
Construction commenced before the date of sale of capital asset allowed as a deduction U/S 54
Construction commenced before the date of sale of capital asset allowed as a deduction U/S 54 Dattatreya Varma Penmatsa (ITA…
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for treatment of Covid-19.
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for…
Revisionary proceedings can be quashed if AO passes assessment order after due application of mind and proper enquiries
Revisionary proceedings can be quashed if AO passes assessment order after due application of mind and proper enquiries Let us…
Direction to opening the window for taxpayers to claim transitional credits by Supreme Court
Direction to opening the window for taxpayers to claim transitional credits by Supreme Court The decision of Delhi HC allowing…
Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once he attained Majority: ITAT
Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once he attained Majority:…
Mere possession of the proceeds of crime is money laundering
Mere possession of the proceeds of crime is money laundering Landmark SC judgement is delivered on 27th July 2022…
Supreme court final Ruling on all the pending Tran-1 Writ Petitions
Supreme court final Ruling on all the pending Tran-1 Writ Petitions The Supreme Court has finally decided the issue…
