Income TaxIT JudgementSec 54 deduction is available when new residential property is purchased in spouseโs name: ITAT Mumbai2 years agoSec 54 deduction is available when new residential property is purchased in spouseโs 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 ITO2 years agoValidity 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.2 years agoAddition of Rs.344.55 Cr during assessment proceeding with less than 72 Hours to reply to SCN: Assessment quashed by Bombay…
IT JudgementHonโble SC upheld strict adherence to the Time Limit for Refunds2 years agoHonโble SC upheld strict adherence to the Time Limit for Refunds Recently Honโble Supreme Court enunciated the following principles…
IT JudgementCan GST liability be recovered from the former Director (who resigned) from the Company?2 years agoCan GST liability be recovered from the former Director (who resigned) from the Company? The Bombay HC HELD…
Income TaxIT JudgementROC Delhi & Haryan Slaps cr Penalty on a Company that โcrowdsourcedโequity capital :Independent Directors also fined2 years agoROC Delhi & Haryan Slaps cr Penalty on a Company that โcrowdsourcedโequity capital :Independent Directors also fined Itโs illegal…
Income TaxIT JudgementValidity of reopening of the cases for all the six years U/s 153C without indiscriminating material2 years agoValidity of reopening of the cases for all the six years U/s 153C without indiscriminating material Here is an…
Income TaxIT JudgementNo proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC2 years agoNo proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana…
Income TaxIT JudgementLimitation Act applies for filing appeals under GST till its applicability is specifically2 years agoLimitation Act applies for filing appeals under GST till its applicability is specifically The applicability of the Limitation Act to…
Income TaxIT JudgementShort Overview of Recent Amendments in the Tax Audit Report2 years agoShort Overview of Recent Amendments in the Tax Audit Report The Central Board of Direct Taxes (CBDT) has amended…
Income TaxIT JudgementDonation by one trust to another trust: CBDT Clarification regarding 85% of amount as deduction2 years agoDonation by one trust to another trust: CBDT Clarification regarding 85% of amountย as deductionย The Finance Act 2023 inserted…
Income TaxIT JudgementKerala Garment Association decision to stop purchases from Micro & Small Enterprises2 years agoKerala Garment Association decision to stop purchases from Micro & Small Enterprises Letter to suppliers signed_240210_133427 (1)
Income TaxIT JudgementCBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing!2 years agoCBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing! …
Income TaxIT JudgementIf notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and assessment order is bad in law and liable to be quashed2 years agoIf notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and…
Income TaxIT JudgementAllahabad High court establishes a rule of no penalty for minor typo errors in e-way bills2 years agoAllahabad High court establishes a rule of no penalty for minor typo errors in e-way bills FACTUAL MATRIX: The…
Income TaxIT Judgement๐๐ง๐๐จ๐ฆ๐ ๐จ๐๐๐๐ซ๐๐ ๐ญ๐จ ๐ญ๐๐ฑ ๐ฌ๐ฎ๐ซ๐ซ๐๐ง๐๐๐ซ๐๐ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐๐ซ๐๐ก & ๐ฌ๐๐ข๐ณ๐ฎ๐ซ๐ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐จ๐ฎ๐ซ๐๐ ๐จ๐ ๐ข๐ง๐๐จ๐ฆ๐ ๐๐๐ง๐ง๐จ๐ญ ๐๐ ๐ฌ๐ฎ๐๐ฃ๐๐๐ญ ๐ญ๐จ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ซ๐๐ญ๏ฟฝ๏ฟฝ ๐จ๐ ๐ญ๐๐ฑ ๐ฎ๐ง๐๐๐ซ ๐ฌ๐๐๐ญ๐ข๐จ๐ง 115๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐๐จ๐ฆ๐-๐ญ๐๐ฑ ๐๐๐ญ2 years ago๐๐ง๐๐จ๐ฆ๐ย ๐จ๐๐๐๐ซ๐๐ย ๐ญ๐จย ๐ญ๐๐ฑย ๐ฌ๐ฎ๐ซ๐ซ๐๐ง๐๐๐ซ๐๐ย ๐๐ฎ๐ซ๐ข๐ง๐ ย ๐ญ๐ก๐ย ๐ฌ๐๐๐ซ๐๐กย &ย ๐ฌ๐๐ข๐ณ๐ฎ๐ซ๐ย ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐งย ๐๐ฒย ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐ข๐ง๐ ย ๐ญ๐ก๐ย ๐ฌ๐จ๐ฎ๐ซ๐๐ย ๐จ๐ย ๐ข๐ง๐๐จ๐ฆ๐ย ๐๐๐ง๐ง๐จ๐ญย ๐๐ย ๐ฌ๐ฎ๐๐ฃ๐๐๐ญย ๐ญ๐จย ๐ฌ๐ฉ๐๐๐ข๐๐ฅย ๐ซ๐๐ญ๏ฟฝ๏ฟฝย ๐จ๐ย ๐ญ๐๐ฑย ๐ฎ๐ง๐๐๐ซย ๐ฌ๐๐๐ญ๐ข๐จ๐งย 115๐๐๐ย ๐จ๐ย ๐ญ๐ก๐ย ๐๐ง๐๐จ๐ฆ๐-๐ญ๐๐ฑย ๐๐๐ญ In the case of DCIT, Ghaziabad v/s Tapesh Tyagi [ITA No. 1344 / Del / 2021], Delhi Tribunal…
Income TaxIT JudgementChange of Shareholding : Sec 79 is not applicable to unabsorbed depreciation and capital losses2 years agoChange of Shareholding : Sec 79 is not applicable to unabsorbed depreciation and capital losses M/S BURDA DRUCK INDIA PVT.…
Income TaxIT JudgementAssessment Orders solely based on AIR information is unsustainable: ITAT Mumbai2 years agoAssessment Orders solely based on AIR information is unsustainable: ITAT Mumbai Facts: The assessee company is in the…