‘This is Not Emergency’ Guj HC slams I-T sleuths
‘This is Not Emergency’ Guj HC slams I-T sleuths
IT Judgement
Maintenance of books of accounts by Trusts: Rule 17AA
Maintenance of books of accounts by Trusts: Rule 17AA Finance Act 2022 and Rule 17AA of the Income Tax Rules…
Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC
Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC Saraswati Petrochem…
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
Re-assessment proceedings without an approval as envisaged u/s 151 of the Act would be non-est and liable to be quashed:ITAT…
Cash deposited during demonetization shall be treated as income from the business and taxable at normal rates: ITAT Chennai
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
Rental income from let out property without any additional services is income from house property: ITAT Delhi Here is an…
Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit
Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …
Excess stock found during survey is taxable as Business Income and not Other Source Income
Excess stock found during survey is taxable as Business Income and not Other Source Income The ITAT bench…
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…
