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…
Income Tax
Capital Gain Computation for NRI purchased assets with foreign currency
Capital Gain Computation for NRI purchased assets with foreign currency Calculation of capital gain for NRI who has purchased…
Change of opinion as a result of audit objection is permissible for opening of the case for reassessment?
Change of opinion as a result of audit objection is permissible for opening of the case for reassessment? When the…
Foreign Tax Credit: Rate of exchange for conversion into rupees of income expressed in foreign currency
Foreign Tax Credit: Rate of exchange for conversion into rupees of income expressed in foreign currency Getting Foreign Tax Credit…
Representation for relaxation of certain requirements in new Forms 10B and Form 10BB and for further extension of due date for filing these Forms by CTC
Representation for relaxation of certain requirements in new Forms 10B and Form 10BB and for further extension of due date…
Condonation in filing of Form 10-IC
Condonation in filing of Form 10-IC Representations had been received by CBDT stating that Form No. 10-IC could…
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year…
Entire cash receipt considered as turnover during assessment proceeding: Whether can be rectified under section 154?
Entire cash receipt considered as turnover during assessment proceeding: Whether can be rectified under section 154? he scope of section…
Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court
Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court The Supreme court has laid down a…
Burden is on the revenue to prove that liability ceases to exist for making addition under section 41
Burden is on the revenue to prove that liability ceases to exist for making addition under section 41 There are…
Senior & Super Senior Citizen – Income Tax benefits
Senior & Super Senior Citizen – Income Tax benefits Definition of senior citizen and super senior citizen: Individual resident who is…
Tax planning through Hindu Undivided Family (HUF)
Tax planning through Hindu Undivided Family (HUF) [Query 1] Often it is discussed that HUF can be a tax planning…
Delay in depositing the TDS amount by seven days: whether prosecution attracted even if the same is deposited before the issuance of receipt
Delay in depositing the TDS amount by seven days: whether prosecution attracted even if the same is deposited before the…
License Fee paid by Telecom Operators is Capital in nature: SC
License Fee paid by Telecom Operators is Capital in nature: SC Recently, Hon’ble SC held that the variable license fee…
Supreme Court holds that Tax Treaty MFN Clauses not triggered unless specific notification is issued
Supreme Court holds that Tax Treaty MFN Clauses not triggered unless specific notification is issued Assessing Officer Circle…
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…
Retraction of statement after a sufficient long gap, Telangana High Court confirmed part addition
Retraction of statement after a sufficient long gap, Telangana High Court confirmed part addition Often, the statement given during…
Delhi ITAT upheld addition towards bogus accommodation entry & unexplained commission expenditure thereon
Delhi ITAT upheld addition towards bogus accommodation entry & unexplained commission expenditure thereon Let us have a short overview of…
