Income TaxNumerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT3 years agoNumerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT CBDT has recently released…
Income TaxImplementation of e-Verification Scheme-2021: Press release by CBDT3 years agoImplementation of e-Verification Scheme-2021: Press release by CBDT The copy of the press release is as under: WhatsApp Image…
GSTIncome TaxITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B3 years agoITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B ITC Claim Can’t…
Income TaxTRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023)3 years agoTRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023) Facts of the Case:…
Income TaxCIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta HC3 years agoCIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta…
Income TaxTDSHow to claim TDS refunds if it is not shown in the ITR filed3 years agoHow to claim TDS refunds if it is not shown in the ITR filed Filing of Income Tax Return (ITR)…
Income TaxProvisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only applicable in case of transfer of shares3 years agoProvisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only…
Income TaxInterest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC3 years agoInterest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC PCIT Vs Videocon Industries…
Income TaxCBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed3 years agoCBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed…
Income Tax100 % Penalty cannot be imposed if Show Cause Notice is issued under section 733 years ago100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73 In the High Court of…
Income TaxBonafide error in filing return – No loss of revenue – Technicalities should not come in the way for allowing rectification: Mum HC3 years agoBonafide error in filing return – No loss of revenue – Technicalities should not come in the way for allowing…
Income TaxFinancial Intelligence Unit- India: An overview3 years agoFinancial Intelligence Unit- India: An overview Introduction: Financial Intelligence Unit – India (FIU) is the central, national agency responsible for…
Income TaxRecipient cannot be held liable for circulating bogus invoices by the Supplier.3 years agoRecipient cannot be held liable for circulating bogus invoices by the Supplier. The Hon’ble Calcutta High Court in the…
Income TaxDRC 03 made in Protest by Taxpayer to be treated as Appeal Pre-Depsoit by Revenue: Bombay HC3 years agoDRC 03 made in Protest by Taxpayer to be treated as Appeal Pre-Depsoit by Revenue: Bombay HC The copy…
Income TaxITAT Chennai dismisses appeal for late filing beyond 8 years:3 years agoITAT Chennai dismisses appeal for late filing beyond 8 years: Adithya Ferro Alloys Pvt. Limited Vs AO (ITAT Chennai)…
Income TaxCheck Income tax portal now: Pending tax demand of up to RS 1 lakh per individual waived by govt3 years agoCheck Income tax portal now: Pending tax demand of up to RS 1 lakh per individual waived by govt …
Income TaxCBDT Order for nullifying Income Tax Demand up to Rs. 25,000/-3 years agoCBDT Order for nullifying Income Tax Demand up to Rs. 25,000/- The copy of the order is as under:…
Income TaxROC imposed penalty on auditors for non-disclosure of required information in financial statements3 years agoROC imposed penalty on auditors for non-disclosure of required information in financial statements ROC levied penalty of Rs.1.50 lakhs…