Income Tax Return filing Fees may find the place in Union Budget – 2023?
Income Tax Return filing Fees may find the place in Union Budget – 2023? Finance Minister Nirmala Sitharaman is…
Income Tax
Section 127 of the Income Tax Act-1961: Inconvenience of assessee has to be balanced against department’s right to carry its functions
Section 127 of the Income Tax Act-1961: Inconvenience of assessee has to be balanced against department’s right to carry its…
Benefit of Circular 183/15/2022-GST dated 27-Dec-2022 resolving the ITC mistmatches between GSTR 3B and GSTR 2A applies to FY 2019-20 also: Karnataka High Court
Benefit of Circular 183/15/2022-GST dated 27-Dec-2022 resolving the ITC mistmatches between GSTR 3B and GSTR 2A applies to FY 2019-20…
Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements
Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements ROC…
Loss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT
Loss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT M/s Nadiadwala…
HC sets aside the Tribunal order which has copied the CIT(A) findings verbatim:
HC sets aside the Tribunal order which has copied the CIT(A) findings verbatim: COMMISSIONER OF INCOME TAX, KOLKATA-III,…
Highest Direct Tax Collection of Rs. 14.71 Lakh Crore till 10th January 2023
Highest Direct Tax Collection of Rs. 14.71 Lakh Crore till 10th January 2023 WhatsApp Image 2023-01-11 at 9.34.52…
Delayed filing of GSTR 1/3B & Denial of ITC vis a vis Principal of Natural justice and was violation of Article 14 of the constitution of India.
Delayed filing of GSTR 1/3B & Denial of ITC vis a vis Principal of Natural justice and was violation of…
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities abolished
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities…
Validity of addition solely on the basis of a statement that some payments were made
Validity of addition solely on the basis of a statement that some payments were made ITAT Pune…
Section 127 of the Income Tax Act-1961: There is no absolute right to be assessed in a particular Territory
Section 127 of the Income Tax Act-1961: There is no absolute right to be assessed in a particular Territory …
ITAT can not pass an order in any manner it likes
ITAT can not pass an order in any manner it likes Here is a classic example of ITAT resorting…
Provisions of section 80AC do note apply to section 80P if the return of income is not filed
Provisions of section 80AC do note apply to section 80P if the return of income is not filed Here…
Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT
Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT There are often the…
Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A has no evidentiary value: ITAT Kolkata
Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A…
Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT
Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT Facts:…
Extension of the period of claiming Capital Gain Exemption: An Eyewash
Extension of the period of claiming Capital Gain Exemption: An Eyewash The Covid-19 pandemic and resultant restrictions have resulted in…
CBDT has granted a further extension of timelines to comply with provisions of section 54 to 54GB.
CBDT has granted a further extension of timelines to comply with provisions of section 54 to 54GB. F. No.…
