Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption
Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption Facts: The Durgapur Society of…
Income Tax
ITR filed without Financials is a defective return but not necessarily an invalid return: SC
ITR filed without Financials is a defective return but not necessarily an invalid return: SC Let us have a short…
An overview of 15 days / 45 days payment rule under section 43B(h)
An overview of 15 days / 45 days payment rule under section 43B(h) Section 43B(h) addresses payments to Micro &…
CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25
CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25 The Central Board of Direct Taxes (CBDT) has recently issued…
Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT
Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT (Civil Writ Petition…
AO cannot reassess any income that was the subject matter of an appeal: Bombay HC
AO cannot reassess any income that was the subject matter of an appeal: Bombay HC Shri Shanmukhananda Fine Arts Versus…
Avoid Disallowance: Timely Payments to MSME Essential for Deduction
Avoid Disallowance: Timely Payments to MSME Essential for Deduction MSME are growth engines & vital catalysts for our economy. The Micro, Small…
Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach
Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach…
If AO has taken one of the possible views by treating the income offered during survey operation as income under the head business and profession, PCIT cannot exercise its revisionary power U/s 263
If AO has taken one of the possible views by treating the income offered during survey operation as income under…
ITR filed without Financials is a defective return but not necessarily an invalid return : SC
ITR filed without Financials is a defective return but not necessarily an invalid return : SC. Mangalam Publications Vs…
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi Amit Laroya Vs ACIT…
Bombay HC quashed notice under section 148 for AY 2016-17 issued after prior approval of PCIT instead of PCCIT.
Bombay HC quashed notice under section 148 for AY 2016-17 issued after prior approval of PCIT instead of PCCIT. …
The amount paid in Electronic Cash Ledger is equal to credit to the account of the Government.
The amount paid in Electronic Cash Ledger is equal to credit to the account of the Government. The Hon’ble…
Delay in filling appeal before the CIT(A) by 2929 days can be condoned by CIT (A) if there exists a genuine reasons: ITAT Ahmedabad
Delay in filling appeal before the CIT(A) by 2929 days can be condoned by CIT (A) if there exists a genuine…
For a mere technical venial breach, the assessee should not be invited with penalty u/s 272A(2)(k) of the Income Tax Act
For a mere technical venial breach, the assessee should not be invited with penalty u/s 272A(2)(k) of the Income Tax…
For exercising its power under Section 263, PCIT cannot substitute the view taken by the AO as per his understanding of facts of the case
For exercising its power under Section 263, PCIT cannot substitute the view taken by the AO as per his understanding…
Direct Tax Statistics released by minister of finance on 23.01.2024
Direct Tax Statistics released by minister of finance on 23.01.2024 The copy of the order is as under:…
Section 56(2)(vii)(b)(ii) of the IT Act does not apply in case of property bought by partnership firm for business use: ITAT
Section 56(2)(vii)(b)(ii) of the IT Act does not apply in case of property bought by partnership firm for business use:…
(vii)(b)(ii) of the IT Act does not apply in case of property bought by partnership firm for business use: ITAT){kind=link}
(vii)(b)(ii) of the IT Act does not apply in case of property bought by partnership firm for business use: ITAT&description=&image=https://thetaxtalk.com/wp-content/uploads/2024/01/Slide1-27.jpg){kind=link}