Fresh claim before Appellate Authority is admissible even same wasn’t claimed in ITR: Karnataka HC
Fresh claim before Appellate Authority is admissible even same wasn’t claimed in ITR: Karnataka HC PCIT v. Karnataka State Co-operative…
IT Judgement
Validity of detention of goods alongwith vehicle if there is a difference in value in e-way bill and original delivery challan
Validity of detention of goods alongwith vehicle if there is a difference in value in e-way bill and original delivery…
Guidelines for taxation of partnership firms on its reconstitution in respect of the provisions of section 9B and section 45(4): A Short overview
Guidelines for taxation of partnership firms on its reconstitution in respect of the provisions of section 9B and section 45(4):…
CBDT issued guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961
CBDT issued guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961 F.370142/22/2021-TPL…
Registration can’t be denied if carrying out operations outside India were ancillary to main object of trust: ITAT
Registration can’t be denied if carrying out operations outside India were ancillary to main object of trust: ITAT Sarbat The…
Validity of Addition under section 68 on Receipt of unsecured loan if Assessee has furnished supportive details
Validity of Addition under section 68 on Receipt of unsecured loan if Assessee has furnished supportive details Short Overview…
Admissibility of exemption on Running of hostel by the educational institution: Allahabad HC
Admissibility of exemption on Running of hostel by the educational institution: Allahabad HC Daya Nand Pushpa Devi Charitable Trust (Allahabad…
Interest Income can’t be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT
Interest Income can’t be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income…
Reassessment is invalid if satisfaction for reopening is recorded in mechanical manner.
Reassessment is invalid if satisfaction for reopening is recorded in mechanical manner. OMKAM DEVELOPERS LTD ITA No.6862/Del./2018 Short Overview: The…
HC sets aside order as National Faceless Assessment Centre didn’t consider objection filed in response to SCN
HC sets aside order as National Faceless Assessment Center didn’t consider objection filed in response to SCN KBB Nuts (P.) Ltd.…
Allahabad HC quashes order issued without issuing SCN and providing opportunity of being heard
Allahabad HC quashes order issued without issuing SCN and providing opportunity of being heard Ratan Industries Limited v. State of…
Long Term or Short Term: Assessee was in possession of concerned property much prior to execution of agreement to sale
Long Term or Short Term: Assessee was in possession of concerned property much prior to execution of agreement to sale…
Bogus LTCG on sale of share & Benefit of exemption under section 10(38)
Bogus LTCG on sale of share & Benefit of exemption under section 10(38) Income Tax Act, 1961, Section 68 Income from…
National Faceless Appeal Centre is bound to follow decision of HC having jurisdiction over AO: Agra ITAT
National Faceless Appeal Centre is bound to follow decision of HC having jurisdiction over AO: Agra ITAT Mahadev Cold…
Mere entry in a pen drive of a third party cannot ipso facto fasten the liability of on money transaction upon the assessee without further corroborative material brought on record
Mere entry in a pen drive of a third party cannot ipso facto fasten the liability of on money transaction…
Unexplained investment in lands & validity of ddition in hands of partners, instead of assessee-firm
Unexplained investment in lands & validity of ddition in hands of partners, instead of assessee-firm Short Overview Where…
Assessment under section 153A is invalid if there is no independent application of mind by Jt. CIT before granting approval under section 153D
Assessment under section 153A is invalid if there is no independent application of mind by Jt. CIT before granting approval under…
Assignment of book debt of Rs. 57 Crore for meager sum of Rs. 53 Lakh and allowability of deduction as loss under the head “Income from Capital Gain”
Assignment of book debt of Rs. 57 Crore for meager sum of Rs. 53 Lakh and allowability of deduction as…
