IT JudgementExtension of the time for Claiming of ITC & the Clarification27 Oct 20220Extension of the time for Claiming of ITC & the Clarification ITC Clarification
IT JudgementSupreme Court Landmark Order on the interpretation of the interpretation of the General Public Utility22 Oct 20220Supreme Court Landmark Order on the interpretation of the interpretation of the General Public Utility The scope and amplitude…
IT JudgementRight to get Adequate Time to Reply to Show Cause Notice allowed u/s 148A(b): Delhi HC22 Oct 20220Right to get Adequate Time to Reply to Show Cause Notice allowed u/s 148A(b): Delhi HC Bird Worldwide Flight Services…
IT JudgementNo reference made to the clarifications of the appellant in the order for rejection of exemption, order to be set aside: ITAT22 Oct 20220No reference made to the clarifications of the appellant in the order for rejection of exemption, order to be set…
IT JudgementDenial of permanent registration to the trust on the reason that “no credible evidence is furnished” and way forward22 Oct 20222 CommentsDenial of permanent registration to the trust on the reason that “no credible evidence is furnished” and way forward There…
IT JudgementDeduction towards PF/ESIC no available if the employee share is not deposited before the due date under the relevant Act: Supreme Court22 Oct 20220Deduction towards PF/ESIC no available if the employee share is not deposited before the due date under the relevant Act:…
IT JudgementSalary income could be deemed to accrue or arise in India only if services is rendered in India.: ITAT Chennai22 Oct 20220Salary income could be deemed to accrue or arise in India only if services is rendered in India.: ITAT Chennai …
IT JudgementSection 68: Once the Assessee submits evidence in support of the credit and makes out a prima facie case, then the ‘onus of proof’ shifts to the AO22 Oct 20220Section 68: Once the Assessee submits evidence in support of the credit and makes out a prima facie case, then…
IT JudgementInterest subsidy is not to be included for calculating MAT: Kolkata ITAT7 Oct 20220Interest subsidy is not to be included for calculating MAT: Kolkata ITAT Principal Commissioner of Income Tax-4, Kolkatta vs M/S…
IT JudgementSection 148 requires the person to file the return of income in response to the notice. The question arises in the case of assessees whose income is otherwise exempt U/s 10 or U/s 11.7 Oct 20220Section 148 requires the person to file the return of income in response to the notice. The question arises in…
IT JudgementWhether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal issue?6 Oct 20220Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal…
IT JudgementWhen a receipt is not in the character of income, it cannot form part of the book profit under section 115JB of the Act, 1961.6 Oct 20220When a receipt is not in the character of income, it cannot form part of the book profit under section…
IT JudgementValidity of addition as a result of difference in the valuation of the Stock as per the Tally ERP vis a vis as computed by Income Tax Department Survey Team6 Oct 20220Validity of addition as a result of difference in the valuation of the Stock as per the Tally ERP vis…
IT JudgementPowers of ITAT u/s 254 does not mean power to grant stay of demand by waiving off 20% pre-deposit: Mumbai ITAT6 Oct 20220Powers of ITAT u/s 254 does not mean power to grant stay of demand by waiving off 20% pre-deposit: Mumbai…
IT JudgementIn absence of valid service of notice under section 148 of the Act, the assessment proceeding under section 147 of the Act has to be declared as invalid.6 Oct 20220In absence of valid service of notice under section 148 of the Act, the assessment proceeding under section 147 of…
IT JudgementAmendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC5 Oct 20220Amendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC Delhi High Court in…
IT JudgementNo penalty for accepting loan in cash from sister concern for making labour payments at far off places and there was an urgency to do so: Orissa HC5 Oct 20220No penalty for accepting loan in cash from sister concern for making labour payments at far off places and there…
IT JudgementNo addition u/s 69A for cash deposits during demonetization if the same is routed through regular books of account of assessee which was not rejected by AO: Chandigarh ITAT5 Oct 20220No addition u/s 69A for cash deposits during demonetization if the same is routed through regular books of account of…