IT Judgement

No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC

13 Apr 2024

No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana…

Income Tax IT Judgement

Limitation Act applies for filing appeals under GST till its applicability is specifically

16 Mar 2024

Limitation Act applies for filing appeals under GST till its applicability is specifically The applicability of the Limitation Act to…

Income Tax IT Judgement

Short Overview of Recent Amendments in the Tax Audit Report

9 Mar 2024

Short Overview of Recent Amendments in the Tax Audit Report The Central Board of Direct Taxes (CBDT) has amended…

Income Tax IT Judgement

Donation by one trust to another trust: CBDT Clarification regarding 85% of amount as deduction

9 Mar 2024

Donation by one trust to another trust: CBDT Clarification regarding 85% of amount as deduction The Finance Act 2023 inserted…

Income Tax IT Judgement

Kerala Garment Association decision to stop purchases from Micro & Small Enterprises

10 Feb 2024

Kerala Garment Association decision to stop purchases from Micro & Small Enterprises Letter to suppliers signed_240210_133427 (1)

Income Tax IT Judgement

CBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing!

3 Feb 2024

CBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing! …

Income Tax IT Judgement

If 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 quashed

13 Jan 2024

If notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and…

Income Tax IT Judgement

Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills

13 Jan 2024

Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills FACTUAL MATRIX: The…

Income Tax IT Judgement

𝐈𝐧𝐜𝐨𝐦𝐞 𝐨𝐟𝐟𝐞𝐫𝐞𝐝 𝐭𝐨 𝐭𝐚𝐱 𝐬𝐮𝐫𝐫𝐞𝐧𝐝𝐞𝐫𝐞𝐝 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐬𝐞𝐢𝐳𝐮𝐫𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐛𝐲 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐨𝐮𝐫𝐜𝐞 𝐨𝐟 𝐢𝐧𝐜𝐨𝐦𝐞 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐫𝐚𝐭�� 𝐨𝐟 𝐭𝐚𝐱 𝐮𝐧𝐝𝐞𝐫 𝐬𝐞𝐜𝐭𝐢𝐨𝐧 115𝐁𝐁𝐄 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐜𝐨𝐦𝐞-𝐭𝐚𝐱 𝐀𝐜𝐭

23 Dec 2023

𝐈𝐧𝐜𝐨𝐦𝐞 𝐨𝐟𝐟𝐞𝐫𝐞𝐝 𝐭𝐨 𝐭𝐚𝐱 𝐬𝐮𝐫𝐫𝐞𝐧𝐝𝐞𝐫𝐞𝐝 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐬𝐞𝐢𝐳𝐮𝐫𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐛𝐲 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐨𝐮𝐫𝐜𝐞 𝐨𝐟 𝐢𝐧𝐜𝐨𝐦𝐞 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐫𝐚𝐭�� 𝐨𝐟 𝐭𝐚𝐱 𝐮𝐧𝐝𝐞𝐫 𝐬𝐞𝐜𝐭𝐢𝐨𝐧 115𝐁𝐁𝐄 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐜𝐨𝐦𝐞-𝐭𝐚𝐱 𝐀𝐜𝐭 In the case of DCIT, Ghaziabad v/s Tapesh Tyagi [ITA No. 1344 / Del / 2021], Delhi Tribunal…

Income Tax IT Judgement

Change of Shareholding : Sec 79 is not applicable to unabsorbed depreciation and capital losses

16 Dec 2023

Change of Shareholding : Sec 79 is not applicable to unabsorbed depreciation and capital losses M/S BURDA DRUCK INDIA PVT.…

Income Tax IT Judgement

Assessment Orders solely based on AIR information is unsustainable: ITAT Mumbai

9 Dec 2023

Assessment Orders solely based on AIR information is unsustainable: ITAT Mumbai Facts: The assessee company is in the…

Income Tax IT Judgement

‘This is Not Emergency’ Guj HC slams I-T sleuths

9 Dec 2023

‘This is Not Emergency’ Guj HC slams I-T sleuths

Income Tax IT Judgement

Maintenance of books of accounts by Trusts: Rule 17AA

9 Dec 2023

Maintenance of books of accounts by Trusts: Rule 17AA Finance Act 2022 and Rule 17AA of the Income Tax Rules…

Income Tax IT Judgement

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC

9 Dec 2023

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC Saraswati Petrochem…

Income Tax IT Judgement

Re-assessment proceedings without an approval as envisaged u/s 151 of the Act would be non-est and liable to be quashed:ITAT Dehradun

9 Dec 2023

Re-assessment proceedings without an approval as envisaged u/s 151 of the Act would be non-est and liable to be quashed:ITAT…

Income Tax IT Judgement

Cash deposited during demonetization shall be treated as income from the business and taxable at normal rates: ITAT Chennai

2 Dec 2023

Cash deposited during demonetization shall be treated as income from the business and taxable at normal rates: ITAT Chennai …

Income Tax IT Judgement

Rental income from let out property without any additional services is income from house property: ITAT Delhi

2 Dec 2023

Rental income from let out property without any additional services is income from house property: ITAT Delhi Here is an…

IT Judgement TDS

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

27 Nov 2023

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …

IT Judgement

No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC

Limitation Act applies for filing appeals under GST till its applicability is specifically

Short Overview of Recent Amendments in the Tax Audit Report

Donation by one trust to another trust: CBDT Clarification regarding 85% of amount as deduction

Kerala Garment Association decision to stop purchases from Micro & Small Enterprises

CBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing!

If 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 quashed

Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills

Change of Shareholding : Sec 79 is not applicable to unabsorbed depreciation and capital losses

Assessment Orders solely based on AIR information is unsustainable: ITAT Mumbai

‘This is Not Emergency’ Guj HC slams I-T sleuths

Maintenance of books of accounts by Trusts: Rule 17AA

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC

Re-assessment proceedings without an approval as envisaged u/s 151 of the Act would be non-est and liable to be quashed:ITAT Dehradun

Cash deposited during demonetization shall be treated as income from the business and taxable at normal rates: ITAT Chennai

Rental income from let out property without any additional services is income from house property: ITAT Delhi

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

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