Summary in Form DRC-01 can’t be a substitute of SCN under section 74(1): Jharkhand HC
Summary in Form DRC-01 can’t be a substitute of SCN under section 74(1): Jharkhand HC Recenlty, the Jharkhand HC in…
Income Tax
Cancellation of registration based on vague SCN and non-speaking order quashed by Gujarat HC
Cancellation of registration based on vague SCN and non-speaking order quashed by Gujarat HC Here is an interesting order by…
Relaxation in condition for availing the Foreign Tax Credit by filing Form No. 67
Relaxation in condition for availing the Foreign Tax Credit by filing Form No. 67 Rule 128(9) of the Income-tax Rule,…
Finally, Reopening proceeding beyond 6 years quashed by Calcutta High Court being barred by limitation
Finally, Reopening proceeding beyond 6 years quashed by Calcutta High Court being barred by limitation Calcutta HC passed a final order…
Bad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to Section 36 (1) (vii) then Section 37 cannot come in play
Bad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to…
Bogus Purchases: ITAT deletes addition without Proper Cross-Verification:
Bogus Purchases: ITAT deletes addition without Proper Cross-Verification: M/s Ravi Developments (ITA.No.764 & 765/Mum./2022) Facts: Purchases were made by…
Now ROC to carry out Physical verification of the Registered Office of the Company: Display the company information in the Board
Now ROC to carry out Physical verification of the Registered Office of the Company: Display the company information in the…
Reassessment litigation to continue – Calcutta High Court Stays the show cause Notice and Initiation of Reassessment Proceeding beyond 6 Years
Reassessment litigation to continue – Calcutta High Court Stays the show cause Notice and Initiation of Reassessment Proceeding beyond 6…
Section 40(a)(ia) not only covers cases where amount is yet to be paid but also those cases where amount has actually been paid.
Section 40(a)(ia) not only covers cases where amount is yet to be paid but also those cases where amount has…
Prosecution for non filing of Income Tax Return
Prosecution for non filing of Income Tax Return Prosecution proceedings are going to witness a hefty rise in years to…
Date of allotment Vs. Date of Sale Deed: How to compute the Period of Holding
Date of allotment Vs. Date of Sale Deed: How to compute the Period of Holding We (I along with my…
HC issued notice and granted interim stay where reassessment notice is issued for AY 2013-14 on 13th April, 2021: The twist and Turn ahead
HC issued notice and granted interim stay where reassessment notice is issued for AY 2013-14 on 13th April, 2021: The twist…
Clause 44 of the Tax Audit Report & contents of the Guidance Note issued by the ICAI:
Clause 44 of the Tax Audit Report & contents of the Guidance Note issued by the ICAI: Clause 44 of…
Calcutta HC quashes Assessment Order passed under old surrendered PAN
Calcutta HC quashes Assessment Order passed under old surrendered PAN Shakuntala Sales Incorporation (W.P.A. 17644 of 2022) Facts: The main…
Ease of doing business: Foreign Exchange Management (Overseas Investment) Rules, 2022 – Revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment
Ease of doing business : Foreign Exchange Management (Overseas Investment) Rules, 2022 – Revised regulatory framework for overseas investment provides…
Delay in filing form 67 for claiming Foreign Tax Credit – Mandatory or Directory requirement
Delay in filing form 67 for claiming Foreign Tax Credit – Mandatory or Directory requirement Recently, the division bench of…
Short overview of the Mode of Acquisition of NDTV stake by Adani
Short overview of the Mode of Acquisition of NDTV stake by Adani Adani group has acquired 29.18% stake in NDTV.…
Before issuing Notice U/s 148 – CBDT Caution instructions after Rs. 50 Lakh fine order by Allahabad High Court
Before issuing Notice U/s 148 – CBDT Caution instructions after Rs. 50 Lakh fine order by Allahabad High Court …
