IT JudgementCIT (A) is a quasi-judicial authority and is not bound by the administrative circulars of CBDT: Telangana High Court25 May 20220CIT (A) is a quasi-judicial authority and is not bound by the administrative circulars of CBDT: Telangana High Court …
IT JudgementDiscount offered by seller for not storing goods in its godown after sale isn’t rent for purpose of sec. 194-I: HC23 May 20220Discount offered by seller for not storing goods in its godown after sale isn’t rent for purpose of sec. 194-I:…
Income TaxIT JudgementIncome escaping Assessment of Rs. 1 Lakh Cr – Order passed by AO under section 148A(d) quashed by Delhi HC19 May 20220Income escaping Assessment of Rs. 1 Lakh Cr – Order passed by AO under section 148A(d) quashed by Delhi HC…
IT JudgementBogus Purchase & Order U/s 148A(d): Hon’ble Gauhati HC order & directs Revenue to apply mind on Assessee’s reply19 May 20220Bogus Purchase & Order U/s 148A(d): Hon’ble Gauhati HC order & directs Revenue to apply mind on Assessee’s reply …
IT JudgementConsideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai16 May 20220Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai ESPN Digital Media (India) Pvt.…
IT JudgementSC holds reassessment notices issued under old regime deemed to be issued under Sec.148A7 May 20220SC holds reassessment notices issued under old regime deemed to be issued under Sec.148A The landmark and out of…
IT JudgementValidity of adjustment u/s 143(1)(a) on the basis of views expressed by the tax auditor in tax audit report7 May 20223 CommentsValidity of adjustment u/s 143(1)(a) on the basis of views expressed by the tax auditor in tax audit report …
IT JudgementSection 148 Controversy put to Rest – 90000 cases given new life by Hon’ble Supreme Court7 May 20220Section 148 Controversy put to Rest – 90000 cases given new life by Hon’ble Supreme Court With 7 High…
IT JudgementLegal fees for criminal cases is an allowable expenses: ITAT Mumbai7 May 20220Legal fees for criminal cases is an allowable expenses: ITAT Mumbai Penalty for violation of any law is not an…
IT JudgementMrs. Sangeeta Singh to hold Additional Charge as Chairman, CBDT2 May 20220Mrs. Sangeeta Singh to hold Additional Charge as Chairman, CBDT Mrs. Sangeeta Singh, Additional Charge, Chairman, CBDT
IT JudgementBombay HC quashed the reopening which was made within 4 years on the same issue which was examined during 143(3) proceedings2 May 20220Bombay HC quashed the reopening which was made within 4 years on the same issue which was examined during 143(3)…
IT JudgementScholarship By Hamdard Foundation, Exemption Under Income Tax Act Can’t Be Denied: Delhi HC30 Apr 20220Scholarship By Hamdard Foundation, Exemption Under Income Tax Act Can’t Be Denied: Delhi HC Hamdard National Foundation (India) (ITA 117/2021;…
IT JudgementDeduction towards Expenditure on freebies to medical professionals & violation of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 20025 Mar 20220Deduction towards Expenditure on freebies to medical professionals & violation of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations,…
IT JudgementOutstanding payables in the books of accounts & it’s Taxation5 Mar 20220Outstanding payables in the books of accounts & it’s Taxation Short Overview As regards outstanding payables in assessee’s books, AO…
IT JudgementAcceptance and repayment of cash for personal purpose between near relatives and penalty under section 271D & 271E5 Mar 20220Acceptance and repayment of cash for personal purpose between near relatives and penalty under section 271D & 271E Short Overview…
IT JudgementContract Farming – Whether Agricultural income?4 Mar 20220Contract Farming – Whether Agricultural income? Short Overview Income from contract farming done by assessee cannot be treated as agricultural…
IT JudgementCan a person earn Agricultural income without agricultural Land: An issue before Chandigarh ITAT1 Mar 20220Can a person earn Agricultural income without agricultural Land: An issue before Chandigarh ITAT Short Overview Where assessee claimed income from…
IT JudgementCIT – Appeal has the jurisdiction to entertain additional claims made before them16 Feb 20220CIT – Appeal has the jurisdiction to entertain additional claims made before them Short Overview The claim for deduction under…