Assessment order passed by AO without quoting DIN – generation of DIN subsequently
Assessment order passed by AO without quoting DIN – generation of DIN subsequently ITAT in the case of. Harjeet Singh…
Income Tax
Income Tax benefits to startups (Sec 80-IAC)
Income Tax benefits to startups (Sec 80-IAC) 1.Section 80-IAC provides for a deduction of 100 percent of profits from…
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 …
VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata
VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata M/s. Britannia Industries (ITA…
Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed
Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed In the case of Shri…
Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or others reasons.
Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within…
Taxation on transfer of the Tenancy Rights
Taxation on transfer of the Tenancy Rights Query 1] We are living in a house property taken on rent…
RBI regulations on sale of immovable properties by Non Residents
RBI regulations on sale of immovable properties by Non Residents FEMA, 1999 and FEM (Non-Debt Instrument), 2019 lay down…
Even if the shares are sold to the initial promoters through a third party, the transaction cannot be denied as genuine: ITAT Delhi
Even if the shares are sold to the initial promoters through a third party, the transaction cannot be denied as…
Online filing of Form 10F without PAN for a non resident not required to obtain a PAN:
Online filing of Form 10F without PAN for a non resident not required to obtain a PAN: Form 10F is…
Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC
Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC Diversey India…
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 DCIT, Circle-27(1),…
Income Tax adjudication proceedings and prosecution proceedings are independent of each other: Madras HC
Income Tax adjudication proceedings and prosecution proceedings are independent of each other: Madras HC. . R.Revathy Vs. The Assistant Commissioner…
AO needs to physically issue notices, in case, the address of assessee is not available: Bombay HC
AO needs to physically issue notices, in case, the address of assessee is not available: Bombay HC Muffadal Contractor vs.…
Expenses cannot be disallowed merely due to non-payment of amount to the vendors
Expenses cannot be disallowed merely due to non-payment of amount to the vendors There are various issues which were involved…
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…
Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs 1128 Crores: Bombay HC
Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs…
Disclosure of Foreign Assets in the Income Tax Return & Penalty under Black Money Act
Disclosure of Foreign Assets in the Income Tax Return & Penalty under Black Money Act Disclosure of Foreign Assets is mandatory…
