Income Tax

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper service

3 years ago

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper…

IT Judgement TDS

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

3 years ago

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …

Income Tax

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC

3 years ago

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC Facts: 1.A residential…

IT Judgement

Excess stock found during survey is taxable as Business Income and not Other Source Income

3 years ago

Excess stock found during survey is taxable as Business Income and not Other Source Income The ITAT bench…

IT Judgement

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use

3 years ago

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use …

IT Judgement

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?

3 years ago

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of…

IT Judgement

Excess stock surrendered during survey can be treated as unexplained income?

3 years ago

Excess stock surrendered during survey can be treated as unexplained income? The ITAT bench of Indore in the…

IT Judgement

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263

3 years ago

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power…

IT Judgement

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.

3 years ago

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of…

Income Tax

Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA

3 years ago

Income earned from unqualified person notcovered by presumptive scheme of taxation under section 44ADA There are lot many persons…

Income Tax

Legal validity of Rule 37A for F.Y 2022-23

3 years ago

Legal validity of Rule 37A for F.Y 2022-23 Rule 37A provides for reversal of ITC by recipient in case…

Income Tax

Assessment order passed by AO without quoting DIN – generation of DIN subsequently

3 years ago

Assessment order passed by AO without quoting DIN – generation of DIN subsequently ITAT in the case of. Harjeet Singh…

Income Tax

Income Tax benefits to startups (Sec 80-IAC)

3 years ago

Income Tax benefits to startups (Sec 80-IAC) 1.Section 80-IAC provides for a deduction of 100 percent of profits from…

Income Tax

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC

3 years ago

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC …

Income Tax

VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata

3 years ago

VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata M/s. Britannia Industries (ITA…

Income Tax

Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed

3 years ago

Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed In the case of Shri…

Income Tax

Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or others reasons.

3 years ago

Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within…

Income Tax

Taxation on transfer of the Tenancy Rights

3 years ago

Taxation on transfer of the Tenancy Rights Query 1] We are living in a house property taken on rent…

Income Tax

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper service

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC

Excess stock found during survey is taxable as Business Income and not Other Source Income

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?

Excess stock surrendered during survey can be treated as unexplained income?

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.

Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA

Legal validity of Rule 37A for F.Y 2022-23

Assessment order passed by AO without quoting DIN – generation of DIN subsequently

Income Tax benefits to startups (Sec 80-IAC)

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC

VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata

Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed

Functionality for processing of electronically filed valid returns ( upto AY 2017-18) having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or others reasons.

Taxation on transfer of the Tenancy Rights

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