Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion.
Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion. There are a…
Income Tax
Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154
Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154 There…
Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale deed is not executed
Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale…
No penalty u/s 271(1)(c) in respect of a debatable issue
No penalty u/s 271(1)(c) in respect of a debatable issue Whether there can be any penalty u/s 271(1)(c) in…
Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for the AO to come across some fresh tangible material to form a belief that income has escaped assessment.
Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for…
Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account:
Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account: …
Compliance Calendar for Dec-22
Compliance Calendar for Dec-22 INCOME TAX 07th Dec 2022- Due date for TDS/TCS payment for Nov’22. 15th Dec…
Tax Compliance Calendar For The Month of December – 2022
Tax Compliance Calendar For The Month of December – 2022 Tax Compliance Calendar For The Month of December –…
PENALTIES APPLICABLE UNDER THE BOMBAY PUBLIC CHARITABLE TRUST ACT [SECTION 66]
PENALTIES APPLICABLE UNDER THE BOMBAY PUBLIC CHARITABLE TRUST ACT [SECTION 66] Section under which penalty is applicable Summary of the…
SC issued Notice in SLP against HC dismissing the writ petition challenging reassessment proceedings under section 148.
SC issued Notice in SLP against HC dismissing the writ petition challenging reassessment proceedings under section 148. Supreme Court…
No section 263 revision permissible without pointing out what inquiries/verification hadn’t been made by AO in original assessment: HC
No section 263 revision permissible without pointing out what inquiries/verification hadn’t been made by AO in original assessment: HC The…
Amounts paid within the period of three years but sale deed not executed: Taxpayer eligible for capital gain exemption U/s 54
Amounts paid within the period of three years but sale deed not executed: Taxpayer eligible for capital gain exemption U/s…
Chartered Accountant can’t be prosecuted under the PMLA for the certificate issued in Form 15CB based on non-genuine documents submitted by the client: Madras HC
Chartered Accountant can’t be prosecuted under the PMLA for the certificate issued in Form 15CB based on non-genuine documents submitted…
12AA application cannot be rejected by casting aspersions on the genuineness of the objects without any adverse findings: Delhi HC
12AA application cannot be rejected by casting aspersions on the genuineness of the objects without any adverse findings: Delhi HC…
If taxpayer objects to the outstanding demand, AO has to response to the CPC within 21 days
If taxpayer objects to the outstanding demand, AO has to response to the CPC within 21 days The Directorate of…
CBDT instruction on time bound reply to response against intimation U/S 245
BDT instruction on time bound reply to response against intimation U/S 245 The Directorate of Income Tax (Systems) has…
Adjustment of Refund against outstanding demand – CBDT instruction asking AO to response within 21 days
Adjustment of Refund against outstanding demand – CBDT instruction asking AO to response within 21 days Here is a welcome…
Revaluation of the assets of the firm is liable for capital gain Tax: Supreme Court
Revaluation of the assets of the firm is liable for capital gain Tax: Supreme Court The Hon’ble Supreme Court…
