Excess stock found during survey is taxable as Business Income and not Other Source Income
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Excess stock found during survey is taxable as Business Income and not Other Source Income The ITAT bench…
IT Judgement
Capital gain exemption cannot be denied for the reason that house property was not intended for personal use
Capital gain exemption cannot be denied for the reason that house property was not intended for personal use …
Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?
Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of…
Excess stock surrendered during survey can be treated as unexplained income?
Excess stock surrendered during survey can be treated as unexplained income? The ITAT bench of Indore in the…
Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263
Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power…
Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.
Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of…
Capital contribution from partners do not amount to unexplained cash credits.
Capital contribution from partners do not amount to unexplained cash credits. ITAT Guwahati held that “We also examine…
Compliance Calendar for Nov- 23
Compliance Calendar for Nov- 23 INCOME TAX ▪️07th Nov 2023- Due date for payment of TDS/TCS for the month…
System default is the standard excuse while delaying refunds: Bombay HC
System default is the standard excuse while delaying refunds: Bombay HC Matrix Publicities and Media India Pvt. Ltd. Versus…
Assesment order is Invalid if the DIN is not generated.
Assesment order is Invalid if the DIN is not generated. Recent Bombay High Court judgement, which has held Assesment…
Can an AO rely on an Audit objection to reopen the case?
Can an AO rely on an Audit objection to reopen the case? When the specific query was raised in…
Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows that assessee has sufficient opening cash balance at the beginning of 01.04.2016
Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows…
Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the Act that will amount to double taxation
Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the…
Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed
Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed The ITAT bench of Delhi…
Impact of CBDT instruction post Abhisar SC Judgement
Impact of CBDT instruction post Abhisar SC Judgement Introduction: The Supreme Court has stated in the case of Abhisar…
Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore
Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore ABB Switzerland Ltd. (ITA…
Notice issued u/s 148 without DIN is valid, if the assessee responded to manual notices: Allahabad HC
Notice issued u/s 148 without DIN is valid, if the assessee responded to manual notices: Allahabad HC “Chandra Bhan…
Whether CPC can propose adjustment in Intimation u/s 143(1)(a) and pass order u/s 154 without giving an opportunity of hearing as prescribed in Section 154(3)?
Whether CPC can propose adjustment in Intimation u/s 143(1)(a) and pass order u/s 154 without giving an opportunity of hearing…
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