Original Return not filed: Section 80P deduction can be claimed while filing return Response to Notice under Section 148
Original Return not filed: Section 80P deduction can be claimed while filing return in response to Notice under Section 148…
Income Tax
Revised 2023 Tax Audit Guidance Note by ICAI
Revised 2023 Tax Audit Guidance Note by ICAI The copy of the order is as under: Tax Audit Guidance…
Tax Compliance Chart for August 2023
Tax Compliance Chart for August 2023 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1 Income Tax TDS/TCS Liability…
Commission payment cannot be disallowed without any allegation regarding genuineness: Bombay HC
Commission payment cannot be disallowed without any allegation regarding genuineness: Bombay HC The Indian Hume Pipe Co. Ltd.…
Impact of CBDT instruction post Abhisar SC Judgement
Impact of CBDT instruction post Abhisar SC Judgement Introduction: The Supreme Court has stated in the case of Abhisar…
Whether loss from sale of Shares in off market transaction can be set off against LTCG in stock exchange
Whether loss from sale of Shares in off market transaction can be set off against LTCG in stock exchange …
Whether section 80C & 80D deduction can be claimed by filing application U/s 154?
Whether section 80C & 80D deduction can be claimed by filing application U/s 154? Very common issue often arises…
Order passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment afresh: Nagpur ITAT
Order passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment…
Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore
Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore ABB Switzerland Ltd. (ITA…
Introducing Electronic Credit Reversal and Reclaimed statement
Introducing Electronic Credit Reversal and Reclaimed statement “Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022…
Whether form 35A verified by the authorized representative (advocate of the Assessee) is legal?
Whether form 35A verified by the authorized representative (advocate of the Assessee) is legal? The Finance Act, 2009 introduced…
Serious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded
Serious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded CPC of the Income…
Fees paid for live transmission of cricket matches is not royalty: ITAT Delhi
Fees paid for live transmission of cricket matches is not royalty: ITAT Delhi Cricket Australia (ITA No.1179/Del/2022) Facts: The…
GST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court
GST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court …
When the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the adjudicatory authority on mere technicalities.
When the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the…
Assessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should not be compelled to pay more taxes than what is due from him
Assessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should…
Assessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264 and the revisionary authority is bound to consider the same
Assessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264…
Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd
Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd Facts: Revenue…
ITO v. The Hongkong & Shanghai Banking Corporation Ltd){kind=link}
ITO v. The Hongkong & Shanghai Banking Corporation Ltd&description=&image=https://thetaxtalk.com/wp-content/uploads/2023/08/Slide2-20.jpg){kind=link}