CBDT introduced checks for recovery proceeding, asked to strictly adhere to the Second Schedule of the Income-tax Act
CBDT introduced checks for recovery proceeding, asked to strictly adhere to the Second Schedule of the Income-tax Act CBDT vide…
IT Judgement
Classification of supply: Repairing and servicing of transformers owned by another person-Whether job work or composite supply?
Classification of supply: Repairing and servicing of transformers owned by another person-Whether job work or composite supply? IN THE AUTHORITY…
No disallowance u/s 43B if the tax is not debited to the P & L Account
No disallowance u/s 43B if the tax is not debited to the P & L Account Disallowance under Section…
Allowability of Deduction under section 10A/10AA on Profit enhanced due to disallowance under section 40(a)(ia)
Allowability of Deduction under section 10A/10AA on Profit enhanced due to disallowance under section 40(a)(ia) Jt. CIT v. Mphasis…
Deemed dividend under section 2(22)(e): Receipt of advance vis-a-vis no accumulated profit in case of lending company
Deemed dividend under section 2(22)(e): Receipt of advance vis-a-vis no accumulated profit in case of lending company Short Overview Since…
Addition merely on the basis of information obtained from other department is not sufficient to treat the transactions as bogus
Addition merely on the basis of information obtained from other department is not sufficient to treat the transactions as bogus…
Validity of Prosecution under section 276B read with section 278B on failure to deposit TDS to government account
Validity of Prosecution under section 276B read with section 278B on failure to deposit TDS to government account Short Overview…
Transaction could not be regarded as colorable device merely on the reasoning that there was no tax liability arising in the hands of seller being wife of the assessee.
Transaction could not be regarded as colorable device merely on the reasoning that there was no tax liability arising in…
Purchases from unregistered dealers & its treatment as bogus by AO for want of evidences
Purchases from unregistered dealers & its treatment as bogus by AO for want of evidences IN THE SUPREME COURT OF…
Transaction could not be regarded as a colorable device merely on the reasoning that there was no tax liability arising in the hands of the seller being the wife of the assessee.
Transaction could not be regarded as a colorable device merely on the reasoning that there was no tax liability arising…
Recovery surveys only after going through the “Profile View” and “Asset Details” in Project Insight.
Recovery surveys only after going through the “Profile View” and “Asset Details” in Project Insight. CBDT has instructed the…
GST : Reverse Charge Mechanis & Security services availed of by University
GST : Reverse Charge Mechanis & Security services availed of by University IN THE AUTHORITY FOR ADVANCE RULING–CHHATTISGARH BENCH KALPANA…
No penalty for repayment of loan in cash if the assessee demonstrated that transactions were genuine as it is a mere mere technical violation without any loss to the Revenue
No penalty for repayment of loan in cash if the assessee demonstrated that transactions were genuine as it is a…
Validity of Assessment notice under section 153C & Recording of satisfaction in cse of documents seized of other persons from residential premises of searched person
Validity of Assessment notice under section 153C & Recording of satisfaction in cse of documents seized of other persons from residential…
Amount spent on renovation of a residential house is exempt u/s 54F
Amount spent on renovation of a residential house is exempt u/s 54F Juveria Begum Vs ITO 2224/HYD/18 297/HYD/19 298/HYD/19 340/HYD/19…
Validity of Agreed addition & Later retraction in appellate proceedings
Validity of Agreed addition & Later retraction in appellate proceedings Short Overview : Though, there is no legal bar on challenging…
Validity of Reassessment if issue is not examined in original assessment : No recourse available to revenue to have a second innings
Validity of Reassessment if issue is not examined in original assessment : No recourse available to revenue to have a…
Interesting Issue : Admissibility in Appeal if no claim was made in the return of income
Interesting Issue : Admissibility in Appeal if no claim was made in the return of income Appeal [CIT (A)]–Additional…
