Hindu father or any other managing member of HUF is empowered to make a gift of ancestral property only for a ‘pious purpose’: Supreme Court
Hindu father or any other managing member of HUF is empowered to make a gift of ancestral property only for…
Income Tax
Development expenses cannot be allowed as a cost of improvement in the absence of evidence: ITAT Pune
Development expenses cannot be allowed as a cost of improvement in the absence of evidence: ITAT Pune Deduction…
No prohibition on NRI from accepting gifts from the relatives under the Income-tax Act
No prohibition on NRI from accepting gifts from the relatives under the Income-tax Act NRI Taxation has been a matter…
HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand
HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand Here is…
Relaxation in paying additional fees in case of delay in filling all the event-based e-forms by LLP
Relaxation in paying additional fees in case of delay in filling all the event-based e-forms by LLP MCA has relaxed…
Challenging the assessment order passed by NFAC as without territorial jurisdiction in Delhi HC
Challenging the assessment order passed by NFAC as without territorial jurisdiction in Delhi Recently, the assessment order passed…
Business Compliance Calendar for June-22*
Business Compliance Calendar for June-22* *INCOME TAX* 07th June 2022- Due date for TDS/TCS payment for May’22. 15th…
Can Bonus shares issued by a company to its shareholders be taxed as income from other sources as they are received without consideration?
Can Bonus shares issued by a company to its shareholders be taxed as income from other sources as they are…
STATUTORY TAX COMPLIANCE TRACKER – FOR JUNE, 2022
STATUTORY TAX COMPLIANCE TRACKER – FOR JUNE, 2022 Statutory Tax Compliance Tracker – for JUNE, 2022 Compliance…
Assessment made on ad hoc basis by disallowing labour expenses without evidences is not maintainable
Assessment made on ad hoc basis by disallowing labour expenses without evidences is not maintainable Revenue’s appeal dismissed: PUNE ITAT…
Amendment by Finance Act, 2021, to section 36(1)(va) and 43B is not clarificatory
Amendment by Finance Act, 2021, to section 36(1)(va) and 43B is not clarificatory Shalimar Agarbatti Company Vs ACIT ITA…
Progressive as well as futuristic scheme of re-assessment whose intent is laudatory has in its implementation not only been rendered nugatory but has also had an unintended opposite result: Delhi High Court
Progressive as well as futuristic scheme of re-assessment whose intent is laudatory has in its implementation not only been rendered…
An Overview of Amendment in Faceless Penalty scheme by CBDT: Mandatory personal hearing allowed
An Overview of Amendment in Faceless Penalty scheme by CBDT: Mandatory personal hearing allowed Faceless Penalty Scheme has…
CBDT: Functionality under section 206AB and 206CCA of the Income-tax Act, 1961
CBDT: Functionality under section 206AB and 206CCA of the Income-tax Act, 1961 CBDT: Functionality under section 206AB…
HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand
HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand Here is…
High Court directed for initiation of appropriate proceeding against the Revenue official for abuse of power in issuing order U/s 148A(d)
High Court directed for initiation of appropriate proceeding against the Revenue official for abuse of power in issuing order U/s…
ITR FILING IS MANDATORY IN BELOW MENTIONED SITUATIONS
ITR FILING IS MANDATORY IN BELOW MENTIONED SITUATIONS ITR FILING IS MANDATORY IN BELOW MENTIONED SITUATIONS Dear…
Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing
Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing Chaitanya Bansibhai Nagori…
