Multiple Floors in a Single Building Constitute One Residential House Under Section 54F
Multiple Floors in a Single Building Constitute One Residential House Under Section 54F In a landmark judgment, the Delhi…
Income Tax
Expenditure towards salaries and wages could not be represented as ‘asset’ as per section 149(1)(b)- Reassessment proceedings beyond 3 years quashed by Delhi HC
Expenditure towards salaries and wages could not be represented as ‘asset’ as per section 149(1)(b)- Reassessment proceedings beyond 3 years…
Review Petition filed by the Revenue against the judgment in Safari Retreats dismissed by SC
Review Petition filed by the Revenue against the judgment in Safari Retreats dismissed by SC Hon’ble Supreme Court, on…
ITAT allowed deduction towards interest paid against FDR Interest as it was business-linked and served as collateral for loan facilities
ITAT allowed deduction towards interest paid against FDR Interest as it was business-linked and served as collateral for loan facilities…
Slump Sale: Non-transfer of receivables shown as consideration due did not violate slump sale conditions
Slump Sale: Non-transfer of receivables shown as consideration due did not violate slump sale conditions In the case of slump…
No Justification for Revisional Action Under Section 263 Based on Mere Opinion Divergence.
No Justification for Revisional Action Under Section 263 Based on Mere Opinion Divergence. The assessee, Ganesh Srinivasan, a Senior…
Notice was issued without obtaining prior approval from the appropriate authority as mandated under Section 151(ii) of the Act.
Notice was issued without obtaining prior approval from the appropriate authority as mandated under Section 151(ii) of the Act. …
No Addition u/s 68 can made, in respect of any investment, loan, or advance not credited during the year under consideration.
No Addition u/s 68 can made, in respect of any investment, loan, or advance not credited during the year under…
Non-filing of GSTR-3B and non-payment of GST, if wilful, constitutes “suppression of facts” and attracts penalty under Section 74 of the CGST Act
Non-filing of GSTR-3B and non-payment of GST, if wilful, constitutes “suppression of facts” and attracts penalty under Section 74 of…
Section 264 of the Income Tax Act: An Alternate Remedy for Taxpayers vis a vis Appeal
Section 264 of the Income Tax Act: An Alternate Remedy for Taxpayers vis a vis Appeal There is a…
Legal ownership through a registered deed is not a prerequisite for claiming the exemption, provided there is substantial compliance through investment and possession
Legal ownership through a registered deed is not a prerequisite for claiming the exemption, provided there is substantial compliance through…
Foreign Tax Credit: The requirement under Rule 128 to file Form 67 within the due date is directory, not mandatory.
Foreign Tax Credit: The requirement under Rule 128 to file Form 67 within the due date is directory, not mandatory.…
ITAT Jodhpur Quashes Reassessment as Notice under Section 148 Issued by Jurisdictional AO Instead of Following Faceless Assessment Scheme
ITAT Jodhpur Quashes Reassessment as Notice under Section 148 Issued by Jurisdictional AO Instead of Following Faceless Assessment Scheme Vinayak…
Whether the penalty under Section 271AA was valid for non-reporting of a reimbursement transaction in Form 3CEB.
Whether the penalty under Section 271AA was valid for non-reporting of a reimbursement transaction in Form 3CEB. Pune Tribunal in…
ITAT Affirms: Agricultural Income Cannot Be Disbelieved Merely for Lack of Expense Claims
ITAT Affirms: Agricultural Income Cannot Be Disbelieved Merely for Lack of Expense Claims In a significant relief to Ishwar…
ITAT Mumbai Judgement on cash deposit in a an account with Renuka mata Society
ITAT Mumbai Judgement on cash deposit in a an account with Renuka mata Society Let us have a Short…
Whether penalty proceedings under Section 271(1)(c) can be initiated and sustained against a HUF which is dissolved before the initiation of such proceedings?
Whether penalty proceedings under Section 271(1)(c) can be initiated and sustained against a HUF which is dissolved before the initiation…
Non-compliance of Section 133(6) notice by the lender alone could not be a basis for treating the loan as non-genuine
Non-compliance of Section 133(6) notice by the lender alone could not be a basis for treating the loan as non-genuine…
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