No penalty if there are conflicting views of the judiciary on the issue: ITAT Rajkot
No penalty if there are conflicting views of the judiciary on the issue: ITAT Rajkot Here is an interesting…
Income Tax
AO can’t ignore ITAT order if its operation in appeal has not been suspended by the Competent Court
AO can’t ignore ITAT order if its operation in appeal has not been suspended by the Competent Court Despite…
Delay in filing the form to claim the credit, ITAT allows the benefit of credit to Actress Sonakshi Sinha
Delay in filing the form to claim the credit, ITAT allows the benefit of credit to Actress Sonakshi Sinha Here…
Delhi High Court quashes 148A(d) order and notice under section 148 for AY 2013-14 as allegation by AO of income escaping assessment was of less than Rs.50 lakhs.
Delhi High Court quashes 148A(d) order and notice under section 148 for AY 2013-14 as allegation by AO of income…
Whether Indexation benefit on sale of a property is available to NRI?
Whether Indexation benefit on sale of a property is available to NRI? One may note that there is no…
Disallowance of exp cannot be made merely due to lack of business activity: ITAT
Disallowance of exp cannot be made merely due to lack of business activity: ITAT NCR Business Park Pvt Ltd…
Taxation of amount received from ULIP & Other Life Insurance Policies
Taxation of amount received from ULIP & Other Life Insurance Policies Any amount received on surrender or maturity of the…
The assessee is obliged to prove to the AO that the case satisfies the ingredients of Section 36(1)(vii) as well as Section 36(2) of the Act for deduction towards Bad Debts Written Off
The assessee is obliged to prove to the AO that the case satisfies the ingredients of Section 36(1)(vii) as well…
Income Tax Department conducts searches in Gujarat
Income Tax Department conducts searches in Gujarat Government of India Ministry of Finance Department of Revenue Central Board of…
New ITR-A Form as return of income U/s 170A to be filed by the successor entity pursuant to a Business Reorganisation
New ITR-A Form as return of income U/s 170A to be filed by the successor entity pursuant to a Business…
Capital Gain on sale of Property by NRI & Section 195
Capital Gain on sale of Property by NRI & Section 195 1. As per Section 195, tax is required…
Interest received by Cooperative societies from cooperative banks is eligible for deduction U/s 80P
Interest received by Cooperative societies from cooperative banks is eligible for deduction U/s 80P There are various income tax scrutiny…
Cooperative societies entitled to deduction of interest on deposits with cooperative banks: ITAT Mumbai
Cooperative societies entitled to deduction of interest on deposits with cooperative banks: ITAT Mumbai Palm Court M Premises Co- operative…
Capital Gain on sale of Property by NRI & Section 195
Capital Gain on sale of Property by NRI & Section 195 1. As per Section 195, tax is required to…
Validity of Input Tax Credits on upfront lease premium paid in the course of furtherance business vs. Section 17(5)(d)
Validity of Input Tax Credits on upfront lease premium paid in the course of furtherance business vs. Section 17(5)(d) The scope of Section…
Bombay HC directed GST Department to unblock the Input Tax Account of the Petitioner
Bombay HC directed GST Department to unblock the Input Tax Account of the Petitioner Jai Matadi Enterprises W.P.No.10541 of…
Category A & B of the Validation Rules for filing Trust Return in ITR 7
Category A & B of the Validation Rules for filing Trust Return in ITR 7 There are various taxpayers…
“Corporate Compliance Calendar for the m/o September, 2022”
“Corporate Compliance Calendar for the m/o September, 2022” About Article: This article contains various Compliance requirementsfor the Month…
