EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022
EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022 CIRCULAR NO. 23/2022, DATED: 03-11-2022 …
Income Tax
Income tax raid on the person in the business of gold & diamond jewellery: Rs. 100 Cr detected
Income tax raid on the person in the business of gold & diamond jewellery: Rs. 100 Cr detected Search and…
Payment of PF/ESIC after the due date under the respective Labour Law: ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va)
Payment of PF/ESIC after the due date under the respective Labour Law: ITAT Delhi upheld the power of CPC in…
Cash payment & Section 40A(3): No disallowance if the payment is made by any person to his agent— who is required to make payment in cash for goods or services on behalf of such person
Cash payment & Section 40A(3): No disallowance if the payment is made by any person to his agent— who is…
ITAT mumbai quashesld the tax demand of Rs 5,872 Cr on a demerger transaction of Grasim
ITAT mumbai quashesld the tax demand of Rs 5,872 Cr on a demerger transaction of Grasim Here is an…
Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion.
Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion. There are a…
Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154
Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154 There…
Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale deed is not executed
Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale…
No penalty u/s 271(1)(c) in respect of a debatable issue
No penalty u/s 271(1)(c) in respect of a debatable issue Whether there can be any penalty u/s 271(1)(c) in…
Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for the AO to come across some fresh tangible material to form a belief that income has escaped assessment.
Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for…
Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account:
Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account: …
Compliance Calendar for Dec-22
Compliance Calendar for Dec-22 INCOME TAX 07th Dec 2022- Due date for TDS/TCS payment for Nov’22. 15th Dec…
Tax Compliance Calendar For The Month of December – 2022
Tax Compliance Calendar For The Month of December – 2022 Tax Compliance Calendar For The Month of December –…
PENALTIES APPLICABLE UNDER THE BOMBAY PUBLIC CHARITABLE TRUST ACT [SECTION 66]
PENALTIES APPLICABLE UNDER THE BOMBAY PUBLIC CHARITABLE TRUST ACT [SECTION 66] Section under which penalty is applicable Summary of the…
SC issued Notice in SLP against HC dismissing the writ petition challenging reassessment proceedings under section 148.
SC issued Notice in SLP against HC dismissing the writ petition challenging reassessment proceedings under section 148. Supreme Court…
No section 263 revision permissible without pointing out what inquiries/verification hadn’t been made by AO in original assessment: HC
No section 263 revision permissible without pointing out what inquiries/verification hadn’t been made by AO in original assessment: HC The…
Amounts paid within the period of three years but sale deed not executed: Taxpayer eligible for capital gain exemption U/s 54
Amounts paid within the period of three years but sale deed not executed: Taxpayer eligible for capital gain exemption U/s…
Chartered Accountant can’t be prosecuted under the PMLA for the certificate issued in Form 15CB based on non-genuine documents submitted by the client: Madras HC
Chartered Accountant can’t be prosecuted under the PMLA for the certificate issued in Form 15CB based on non-genuine documents submitted…
