AO not applied his mind in respect of allegation of bogus purchase: High Court quashes the order passed by the AO u/s 148A(d)
AO not applied his mind in respect of allegation of bogus purchase: High Court quashes the order passed by the…
Income Tax
Revenue has deliberately disobeyed the order of this Court and passed the impugned order in breach of principles of natural justice so impugned order is set aside: Allahabad HC
Revenue has deliberately disobeyed the order of this Court and passed the impugned order in breach of principles of natural…
Whether after rejecting books of accounts maintained by assessee, AO cannot rely upon on same books of account for making addition – YES : ITAT
Whether after rejecting books of accounts maintained by assessee, AO cannot rely upon on same books of account for making…
CARO 2020: Auditor now required to check the quarterly return filed by the company with the banker
CARO 2020: Auditor now required to check the quarterly return filed by the company with the banker The CARO…
Just 3 Days time to file its response to the notice u/s 148A(b) results in grave prejudice to the Assessee: Delhi High Court
Just 3 Days time to file its response to the notice u/s 148A(b) results in grave prejudice to the Assessee:…
Rs. 25,000/- penalty for delay in filing the appeal by ITAT
Rs. 25,000/- penalty for delay in filing the appeal by ITAT he Chennai Bench of the Income Tax Appellate Tribunal…
CIT (A) is a quasi-judicial authority and is not bound by the administrative circulars of CBDT: Telangana High Court
CIT (A) is a quasi-judicial authority and is not bound by the administrative circulars of CBDT: Telangana High Court …
Article 20 of Constitution vs. Section 72(c) of the Black Money Act for undisclosed foreign assets liable to be taxed in the year when it comes to the notice of the Assessing Officer
Article 20 of Constitution vs. Section 72(c) of the Black Money Act for undisclosed foreign assets liable to be taxed in…
Dear CBDT, Where is the application of mind before Passing Order U/s 148A(d)?
Dear CBDT, Where is the application of mind before Passing Order U/s 148A(d)? It is expected that the new…
Donations made to eligible institutions eligible for sec. 80G relief even if such sum forms part of CSR exp.: ITAT
Donations made to eligible institutions eligible for sec. 80G relief even if such sum forms part of CSR exp.: ITAT…
Opinion of internal audit party of income tax dept. can’t be treated as info. for reopening of assessment: HC
Opinion of internal audit party of income tax dept. can’t be treated as info. for reopening of assessment: HC …
Provisions of ‘angel tax’ is applicable in year of issue of shares and not year of receipt of premium: ITAT
Provisions of ‘angel tax’ is applicable in year of issue of shares and not year of receipt of premium: ITAT…
Planning for Tax Free Income by investment in ULIP: An overview
Planning for Tax Free Income by investment in ULIP: An overview There are only two things which are certain…
Discount offered by seller for not storing goods in its godown after sale isn’t rent for purpose of sec. 194-I: HC
Discount offered by seller for not storing goods in its godown after sale isn’t rent for purpose of sec. 194-I:…
Professional fees can’t be treated as salary payment just because it was paid to managing director of Co.: ITAT
Professional fees can’t be treated as salary payment just because it was paid to managing director of Co.: ITAT …
Compliance Check for section 206AB & 206CCA – CBDT amends functionality to incorporate FA – 2022 changes : CA Naresh Jakhotia
Compliance Check for section 206AB & 206CCA – CBDT amends functionality to incorporate FA – 2022 changes : CA Naresh…
AO can’t import ‘beneficial ownership’ under Article 13 of Indo Mauritius DTAA without assigning reasons: ITAT
AO can’t import ‘beneficial ownership’ under Article 13 of Indo Mauritius DTAA without assigning reasons: ITAT Blackstone FP…
Cash deposit out of sale of agricultural land cannot be treated as unexplained: ITAT Chennai
Cash deposit out of sale of agricultural land cannot be treated as unexplained: ITAT Chennai Here was an interesting case…
