Sec 276C on Prosecution & Wilful attempt to evade tax
Sec 276C on Prosecution & Wilful attempt to evade tax – Tribunal reminding matter to CIT (A) for fresh adjudication…
IT Judgement
Kerala HC stays collection of GST on Income Tax TCS amount
Kerala HC stays collection of GST on Income Tax TCS amount Case Law Details Case Name : PSN…
In absence of any valid reason to believe that assessee’s income has escaped assessment, assumption of jurisdiction as prescribed u/s 147 is bad in law.
In absence of any valid reason to believe that assessee’s income has escaped assessment, assumption of jurisdiction as prescribed u/s…
No concealment penalty if expenses disallowed by AO were otherwise allowable in next FY: HC
No concealment penalty if expenses disallowed by AO were otherwise allowable in next FY: HC ranite Gate Properties (P.)…
If AO failed to analyse details of expenditure while forming a belief that income had escaped assessment, re-opening of case u/s 147 is bad in law.
If AO failed to analyse details of expenditure while forming a belief that income had escaped assessment, re-opening of case…
Validity of addition if the creditors have declared sufficient bank balances also supported by the documentary evidences
Validity of addition if the creditors have declared sufficient bank balances also supported by the documentary evidences Samco Alloys…
Cost of land forms the part of capital gain exemption
Cost of land forms the part of capital gain exemption Capital Gains – Exemption – Construction of residential house…
AO cannot treat losses from off market commodity transactions as bogus
AO cannot treat losses from off market commodity transactions as bogus PCIT vs. BLB Cables And Conductors Pvt. Ltd (Calcutta…
BENEFIT ON SALE OF UNDER CONSTRUCTED PROPERTY U/S 54F
BENEFIT ON SALE OF UNDER CONSTRUCTED PROPERTY U/S 54F According to Income Tax Act 1961, Assessee being an Individual…
ITAT, Mumbai grants relief to Shilpa Shetty Kundra
ITAT, Mumbai grants relief to Shilpa Shetty Kundra CASE LAW DETAILS CASE NAME: Shilpa Shetty Kundra Vs. Dy. Commissioner of…
Deduction under section 80-IB(10) towards Income from developing and building housing project if developer is not owner of land
Deduction under section 80-IB(10) towards Income from developing and building housing project if developer is not owner of land …
For section 151(2), approval of Additional Commissioner could not be taken as substantial compliance of section 151; reassessment proceedings were bad in law.
For section 151(2), approval of Additional Commissioner could not be taken as substantial compliance of section 151; reassessment proceedings were…
Reassessment is bad in law if no notice under section 143(2) issued
Reassessment is bad in law if no notice under section 143(2) issued Where in terms of section 151(2), competent…
A primary agricultural society, registered under the Kerala Co-operative Societies Act, 1969 is entitled to the benefit of deduction under section 80P(2).
A primary agricultural society, registered under the Kerala Co-operative Societies Act, 1969 is entitled to the benefit of deduction under…
ITAT wasn’t justified in deleting penalty just because income of assessee assessed at NIL: HC
ITAT wasn’t justified in deleting penalty just because income of assessee assessed at NIL: HC [2019] 102 taxmann.com 177 (Bombay) IT :…
ITBA-ITR Processing Instruction
ITBA-ITR Processing Instruction ITBA-ITR Processing Instruction No. 6 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan…
Addition U/s. 40A (3) & 68 not sustainable if done after rejecting books of accounts
Addition U/s. 40A (3) & 68 not sustainable if done after rejecting books of accounts This appeal by assessee…
No more – “Your Honour, The Learned Counsel of the Party is OUT OF STATION. We request to kindly adjourn the hearing of the Case today.”
No more – “Your Honour, The Learned Counsel of the Party is OUT OF STATION. We request to kindly…
