Income Tax

Order passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment afresh: Nagpur ITAT

3 years ago

Order passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment…

IT Judgement

Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore

3 years ago

Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore ABB Switzerland Ltd. (ITA…

Income Tax

Introducing Electronic Credit Reversal and Reclaimed statement

3 years ago

Introducing Electronic Credit Reversal and Reclaimed statement “Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022…

Income Tax

Whether form 35A verified by the authorized representative (advocate of the Assessee) is legal?

3 years ago

Whether form 35A verified by the authorized representative (advocate of the Assessee) is legal? The Finance Act, 2009 introduced…

Income Tax

Serious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded

3 years ago

Serious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded CPC of the Income…

Income Tax

Fees paid for live transmission of cricket matches is not royalty: ITAT Delhi

3 years ago

Fees paid for live transmission of cricket matches is not royalty: ITAT Delhi Cricket Australia (ITA No.1179/Del/2022) Facts: The…

Income Tax

GST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court

3 years ago

GST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court …

Income Tax

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.

3 years ago

When the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the…

Income Tax

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

3 years ago

Assessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should…

Income Tax

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

3 years ago

Assessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264…

Income Tax

Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd

3 years ago

Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd Facts: Revenue…

Income Tax

Patna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of tax by selling dealers

3 years ago

Patna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of…

Income Tax

Revisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT

3 years ago

Revisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT …

Income Tax

Responsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble Andhra Pradesh High Court

3 years ago

Responsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble…

Income Tax

Taxation of Bonus Shares, splitting of Shares & Demerger

3 years ago

Taxation of Bonus Shares, splitting of Shares & Demerger Query 1] I have been allotted the shares of Reliance Jio…

Income Tax

Registered sale deed of an immovable property is not necessary to give rise to a transfer U/S 2(47):

3 years ago

Registered sale deed of an immovable property is not necessary to give rise to a transfer U/S 2(47): Smt.Sapnaben Dipakbhai…

Income Tax

CBDT revamps the national website of the Income Tax Department for enhanced taxpayer experience, including a due-date alert function.

3 years ago

CBDT revamps the national website of the Income Tax Department for enhanced taxpayer experience, including a due-date alert function. …

Income Tax

Inadvertence on the part of the assessee to claim the credit for the advance tax while filing its return of income: AO is duty bound to give credit in the regular assessment

3 years ago

Inadvertence on the part of the assessee to claim the credit for the advance tax while filing its return of…

Income Tax

Order passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment afresh: Nagpur ITAT

Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore

Introducing Electronic Credit Reversal and Reclaimed statement

Whether form 35A verified by the authorized representative (advocate of the Assessee) is legal?

Serious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded

Fees paid for live transmission of cricket matches is not royalty: ITAT Delhi

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.

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

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

Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd

Patna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of tax by selling dealers

Revisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT

Responsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble Andhra Pradesh High Court

Taxation of Bonus Shares, splitting of Shares & Demerger

Registered sale deed of an immovable property is not necessary to give rise to a transfer U/S 2(47):

CBDT revamps the national website of the Income Tax Department for enhanced taxpayer experience, including a due-date alert function.

Inadvertence on the part of the assessee to claim the credit for the advance tax while filing its return of income: AO is duty bound to give credit in the regular assessment

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