Assessee eligible to get interest on refund arising due to recomputation of income by AO: HC
Assessee eligible to get interest on refund arising due to recomputation of income by AO: HC PCIT v. Punjab…
Income Tax
Tax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate
Tax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate Press Release,…
Sec. 43CA amendment increasing safe harbour limit from 5% to 10% on sale of immovable property has retrospective effect
Sec. 43CA amendment increasing safe harbour limit from 5% to 10% on sale of immovable property has retrospective effect …
Eligibility for becoming ITAT Member: Supreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs Minimum Experience
Eligibility for becoming ITAT Member: Supreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs…
Income earned in Dubai by UAE resident and invested in India is not taxable as unexplained investment: ITAT Mumbai
Income earned in Dubai by UAE resident and invested in India is not taxable as unexplained investment: ITAT Mumbai …
Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT
Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT Govind Ramprashad Baheti (ITA No.1395/PUN/2018) Facts: The…
SOP for Penalties under Faceless Penalty Scheme-2021
SOP for Penalties under Faceless Penalty Scheme-2021 To, All Chief Commissioners of Income-tax, Regional Faceless Assessment Centres I am…
Prosecution proceedings quashed by HC for demand raised by AO relying upon order of CIT(A) which was set aside by ITAT
Prosecution proceedings quashed by HC for demand raised by AO relying upon order of CIT(A) which was set aside by…
Attention Income-tax Payers: A Stitch in Time Save Nine – Know about E-verification Scheme – 2021
Attention Income-tax Payers: A Stitch in Time Save Nine – Know about E-verification Scheme – 2021 The Income-tax…
Adjustment of refund: Giving of prior intimation under section 245 is mandatory.
Adjustment of refund: Giving of prior intimation under section 245 is mandatory. Recently , Mumbai HC in the case of…
Filing of affidavit before officer in support of the claim of cost of improvement can be useful?
Filing of affidavit before officer in support of the claim of cost of improvement can be useful? Often the…
Reassessment on ground that assessee had applied SLM instead of WDV of dep. is change of opinion: HC
Reassessment on ground that assessee had applied SLM instead of WDV of dep. is change of opinion: HC There…
Penalties for various defaults in the Income Tax Law: An Overview (II)
Penalties for various defaults in the Income Tax Law: An Overview (II) In the last issue of The Tax…
VSV application cannot be rejected merely because the condonation of delay in filing appeal was not accepted: Delhi HC
VSV application cannot be rejected merely because the condonation of delay in filing appeal was not accepted: Delhi HC …
Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT
Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT Annapurna Polymers Pvt.…
Request to give wide public – Extension of the date for filling application for registration / approval in Form No. 10A upto 25.11.2022
Request to give wide public – Extension of the date for filling application for registration / approval in Form No.…
Clarification on refund related issues
Clarification on refund related issues F. No. CBIC-20021/4/2022 Government of India Ministry of Finance Department of Revenue Central Board…
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A F.No.197/93/2022-IT A-I …
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