Income TaxPenalty Notice: Where specific charges are not levelled, the notice would be defective and need to be quashed3 years agoPenalty Notice: Where specific charges are not levelled, the notice would be defective and need to be quashed …
IT JudgementCash gift during marriage & income Tax Applucability3 years agoCash gift during marriage & income Tax Applucability Here is an interesting case by ITAT, Chennai on the applicability of…
Income TaxDeduction towards Health Insurance & Health Expenses in the Income Tax Act3 years agoDeduction towards Health Insurance & Health Expenses in the Income Tax Act The premiums paid for self, spouse and…
Income TaxDTAA amendment by Australia may come into effect from 1st April:3 years agoDTAA amendment by Australia may come into effect from 1st April: Australia’s parliament ratified the India-Australia Economic Cooperation and…
Income TaxI – T raidsin Chhattisgarh make glaring revelations3 years agoI – T raidsin Chhattisgarh make glaring revelations WhatsApp Image 2022-11-25 at 12.18.10 AM
Income TaxAssessee eligible to get interest on refund arising due to recomputation of income by AO: HC3 years agoAssessee eligible to get interest on refund arising due to recomputation of income by AO: HC PCIT v. Punjab…
Income TaxTax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate3 years agoTax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate Press Release,…
Income TaxSec. 43CA amendment increasing safe harbour limit from 5% to 10% on sale of immovable property has retrospective effect3 years agoSec. 43CA amendment increasing safe harbour limit from 5% to 10% on sale of immovable property has retrospective effect …
IT JudgementEligibility for becoming ITAT Member: Supreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs Minimum Experience3 years agoEligibility for becoming ITAT Member: Supreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs…
Income TaxIncome earned in Dubai by UAE resident and invested in India is not taxable as unexplained investment: ITAT Mumbai3 years agoIncome earned in Dubai by UAE resident and invested in India is not taxable as unexplained investment: ITAT Mumbai …
Income TaxGenuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT3 years agoGenuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT Govind Ramprashad Baheti (ITA No.1395/PUN/2018) Facts: The…
Income TaxSOP for Penalties under Faceless Penalty Scheme-20213 years agoSOP for Penalties under Faceless Penalty Scheme-2021 To, All Chief Commissioners of Income-tax, Regional Faceless Assessment Centres I am…
IT JudgementProsecution proceedings quashed by HC for demand raised by AO relying upon order of CIT(A) which was set aside by ITAT3 years agoProsecution proceedings quashed by HC for demand raised by AO relying upon order of CIT(A) which was set aside by…
Income TaxAttention Income-tax Payers: A Stitch in Time Save Nine – Know about E-verification Scheme – 20213 years agoAttention Income-tax Payers: A Stitch in Time Save Nine – Know about E-verification Scheme – 2021 The Income-tax…
IT JudgementAdjustment of refund: Giving of prior intimation under section 245 is mandatory.3 years agoAdjustment of refund: Giving of prior intimation under section 245 is mandatory. Recently , Mumbai HC in the case of…
IT JudgementFiling of affidavit before officer in support of the claim of cost of improvement can be useful?3 years agoFiling of affidavit before officer in support of the claim of cost of improvement can be useful? Often the…
Income TaxReassessment on ground that assessee had applied SLM instead of WDV of dep. is change of opinion: HC3 years agoReassessment on ground that assessee had applied SLM instead of WDV of dep. is change of opinion: HC There…
Income TaxPenalties for various defaults in the Income Tax Law: An Overview (II)3 years agoPenalties for various defaults in the Income Tax Law: An Overview (II) In the last issue of The Tax…