No independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of LTCG exemption under Section 10(38)
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No independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of…
Income Tax
Delhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless”
Delhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless“ The…
Additions made on the basis of surmises and conjectures is not sustainable: Delhi HC
Additions made on the basis of surmises and conjectures is not sustainable: Delhi HC Delhi High Court in the…
Supreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to verify all such transactions
Supreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to…
Reopening based on an incorrect factual premise is bad in law: ITAT Hyderabad
Reopening based on an incorrect factual premise is bad in law: ITAT Hyderabad The Indian Income Tax Act, 1961…
Bombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed
Bombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed …
Assessments Possible even after concluded assessment u/s 153A: Madras High Court
Assessments Possible even after concluded assessment u/s 153A: Madras High Court ACIT v. Dalmia Bharat Ltd (WP(MD)Nos.19202 of 2018,…
The financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the officials responsible: Bombay High Court
The financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the…
Rejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad”
Rejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad” ssessing Officer rejected the books of accounts and estimated…
Spa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi
Spa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi Sujan Luxury Hospitality…
Compliance Calendar for May’2025
Compliance Calendar for May’2025 INCOME TAX – 07th May 2025- Due date for deposit of Tax collected for the…
Your Housing Society vs the Taxman: What Every RWA Needs to Know
Your Housing Society vs the Taxman: What Every RWA Needs to Know Query] Will you please let me know the…
Difference of opinion does not justify revision under Section 263: SLP of Revenue dismissed by SC
Difference of opinion does not justify revision under Section 263: SLP of Revenue dismissed by SC Recently, SLP of…
Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two properties in two names
Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two…
If a provision was not available in the statute at the time of entering into the agreement, it cannot be applied subsequently: Nagpur ITAT
If a provision was not available in the statute at the time of entering into the agreement, it cannot be…
Compensation for removing the nuisance – Can it be a Tax Planning Tool?
Compensation for removing the nuisance – Can it be a Tax Planning Tool? Mumbai Tribunal in the case of…
Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search
Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search Chhattisgarh High…
GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction
GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction Here is…
