Grammar Meets Tax Law: The Comma That Saved JAO Notices in Gujarat
Grammar Meets Tax Law: The Comma That Saved JAO Notices in Gujarat Just when we thought the debate on…
Income Tax
Books Rejected, Sales Recorded, Section 68 Invoked? ITAT Mumbai Draws a Clear Line in Demonetisation Cash Deposit Cases
Books Rejected, Sales Recorded, Section 68 Invoked? ITAT Mumbai Draws a Clear Line in Demonetisation Cash Deposit Cases One…
Mumbai ITAT Strikes Down Section 68 Additions Based Solely on Entry Operator Statement: A Strong Reaffirmation of Law and Natural Justice
Mumbai ITAT Strikes Down Section 68 Additions Based Solely on Entry Operator Statement: A Strong Reaffirmation of Law and Natural…
Whether addition under section 68 permissible when Books Are Rejected and Cash Sales Duly Recorded?
Whether addition under section 68 permissible when Books Are Rejected and Cash Sales Duly Recorded? Addition under Section 68…
Furnishing an Audit Report with the return is a procedural provision: Gujarat HC
Furnishing an Audit Report with the return is a procedural provision: Gujarat HC Hon’ble High Court condones delay of…
ROC Vijayawada penalized auditor for failing to qualify or comments or give opinion in the audit report
ROC Vijayawada penalized auditor for failing to qualify or comments or give opinion in the audit report Recently, an…
If AO didn’t dispute purchase, only the profit element of alleged non-genuine purchases can be brought to tax.
If AO didn’t dispute purchase, only the profit element of alleged non-genuine purchases can be brought to tax. When the…
A Comma That Changed the Law: Gujarat HC’s Sharp Turn in the JAO–FAO Controversy
A Comma That Changed the Law: Gujarat HC’s Sharp Turn in the JAO–FAO Controversy Just when we thought the…
Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?
Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal? ITAT Delhi was concerned with an issue…
Release of seized jewellery and Application under Section 132B of the Income Tax Act, 1961
Release of seized jewellery and Application under Section 132B of the Income Tax Act, 1961 Getting jewellery released after…
Issuance of notice U/s 143(2) prior to supply of recorded reasons U/s 147 is fatal & may vitiate entire reassessment
Issuance of notice U/s 143(2) prior to supply of recorded reasons U/s 147 is fatal & may vitiate entire reassessment…
SC Dismisses SLP on profit estimation vs. full disallowance in bogus purchases matter
SC Dismisses SLP on profit estimation vs. full disallowance in bogus purchases matter The long-debated issue has been whether…
Can a taxpayer claim exemption under both Section 54 and Section 54F by investing in a single new house?
Can a taxpayer claim exemption under both Section 54 and Section 54F by investing in a single new house? …
Penalty u/s 270A cannot stand Without Actual Under Reporting
Penalty u/s 270A cannot stand Without Actual Under Reporting Recently, in a writ petition, the court in the case…
Once, the issue has been decided by the Hon’ble High Court in favour of the assessee, on the same very issue assessment for the subsequent assessment years cannot be reopened
Once, the issue has been decided by the Hon’ble High Court in favour of the assessee, on the same very…
Reopening order quashed as it was on the erroneous assumption that no return of income was filed – whereas the return was duly on record.
Reopening order quashed as it was on the erroneous assumption that no return of income was filed – whereas the…
ITAT quashed the entire re-assessment proceedings holding it to be barred by limitation as the escaped income was less than 50 Lakhs and the reassessment was initiated after the expiry of 3 years.
ITAT quashed the entire re-assessment proceedings holding it to be barred by limitation as the escaped income was less than…
Survey Statements Are Not Evidence: Additions Based Solely on Section 133A Disclosure Quashed by HC
Survey Statements Are Not Evidence: Additions Based Solely on Section 133A Disclosure Quashed by HC Smt. Neetu Sharma…
