Income reflected in 26AS after I filed my Income Tax Return – How to rectify it now?
Income reflected in 26AS after I filed my Income Tax Return – How to rectify it now? Query]…
Income Tax
Explanation 2 to section 263 inserted w.e.f. 01.06.2015 is prospective and applicable with effect from 1st June, 2015.
Explanation 2 to section 263 inserted w.e.f. 01.06.2015 is prospective and applicable with effect from 1st June, 2015. …
AO cannot change the valuation method from DCF to NAV: ITAT Chennai.
AO cannot change the valuation method from DCF to NAV: ITAT Chennai. M/s. Brio Bliss Life Science P Ltd.…
Karnataka HC directs Dept. to follow procedure prescribed in Circular to allow ITC for bonafide mistakes in returns for FY 19-20 as well
Karnataka HC directs Dept. to follow procedure prescribed in Circular to allow ITC for bonafide mistakes in returns for FY…
Delhi High Court set aside Section 148A(d) order passed without considering reply of Assessee
Delhi High Court set aside Section 148A(d) order passed without considering reply of Assessee IN THE HIGH COURT OF…
Reassessment proceedings under section 148 of Income-tax Act, 1961 cannot be initiated merely for verification of the information reflected on the Insight Portal.
Reassessment proceedings under section 148 of Income-tax Act, 1961 cannot be initiated merely for verification of the information reflected on…
e-Verification Scheme of CBIT is another initiative facilitating voluntary compliance
e-Verification Scheme of CBIT is another initiative facilitating voluntary compliance WhatsApp Image 2023-03-14 at 08.37.39 (1)
Entire purchase amount of such bogus purchases cannot be added at best, the addition limited to the extent of G. P. Rate
Entire purchase amount of such bogus purchases cannot be added at best, the addition limited to the extent of G.…
Bombay HC quashes reassessment proceedings on account of mere change of opinion
Bombay HC quashes reassessment proceedings on account of mere change of opinion Jetair Pvt Ltd vs. Deputy Commissioner of…
Assessment Order based on an uncertain issue of treaty benefit is not a fit case for revision U/S 263
Assessment Order based on an uncertain issue of treaty benefit is not a fit case for revision U/S 263 Tata…
“Corporate Compliance Calendar for the m/o March, 2023”.
“Corporate Compliance Calendar for the m/o March, 2023”. About Article: This article contains various Compliance requirementsfor the Month of March, 2023under various Statutory…
Whether income from sale of milk of cows is an agricultural income exempt from tax?
Whether income from sale of milk of cows is an agricultural income exempt from tax? Here is an interesting case…
No purchases can be rejected without disturbing the sales in case of a trader
No purchases can be rejected without disturbing the sales in case of a trader Here is a landmark order…
Reassessment notice send ‘only’ to ‘secondary email id’ of taxpayer is held invalid by Bombay High Court
Reassessment notice send ‘only’ to ‘secondary email id’ of taxpayer is held invalid by Bombay High Court The taxpayer…
No more exemption to Life Insurance Policies above Rs. 5 Lakh
No more exemption to Life Insurance Policies above Rs. 5 Lakh “Collect taxes from a taxpayer just like…
Notice U/S 148 cannot be issued to non existing entities: HC
Notice U/S 148 cannot be issued to non existing entities: HC Orbit Projects Private Limited Vs ITO (WPA 3814…
If a person has only agricultural income and no other income, then no addition can be made to the total income unless and until the AO proves that the assessee has any other source of income which is taxable under the Income-tax Act: ITAT
If a person has only agricultural income and no other income, then no addition can be made to the total…
Bogus Purchase: Additions have to be limited to the extent of bringing the G.P. rate on purchases at the same rate of other genuine purchases.
Bogus Purchase: Additions have to be limited to the extent of bringing the G.P. rate on purchases at the same…
