Reassessment notice issued on question of facts can’t be challenged before High Court: Madras HC
Reassessment notice issued on question of facts can’t be challenged before High Court: Madras HC Here is an interesting judgment…
Income Tax
Employees’ contribution paid by assessee before the due date of filing of return of income under Section 139(1) of the IT Act is an allowable deduction: Bangalore ITAT
Employees’ contribution paid by assessee before the due date of filing of return of income under Section 139(1) of the…
Changes In Schedule III Of Companies Act, 2013: An Overview
Changes In Schedule III Of Companies Act, 2013: An Overview Finally, the changes as proposed in Schedule III of…
No reassessment for F.Y.s 2012-13, 2013-14 and 2014-15 if the income escaping from tax is less than Rs 50 lakh.
No reassessment for F.Y.s 2012-13, 2013-14 and 2014-15 if the income escaping from tax is less than Rs 50 lakh. …
Income escaping Assessment of Rs. 1 Lakh Cr – Order passed by AO under section 148A(d) quashed by Delhi HC
Income escaping Assessment of Rs. 1 Lakh Cr – Order passed by AO under section 148A(d) quashed by Delhi HC…
CBDT Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act – 1961
CBDT Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act – 1961 Finance Act,…
Bogus Purchase & Order U/s 148A(d): Hon’ble Gauhati HC order & directs Revenue to apply mind on Assessee’s reply
Bogus Purchase & Order U/s 148A(d): Hon’ble Gauhati HC order & directs Revenue to apply mind on Assessee’s reply …
Cash withdrawal being more than amount of cash deposited and its taxation as Unexplained Investment u/s 69
Cash withdrawal being more than amount of cash deposited and its taxation as Unexplained Investment u/s 69 The issue…
Whether proceedings under the Income-tax Act,1961 has to be kept in abeyance once an order u/s 14 of the IBC code is passed?
Whether proceedings under the Income-tax Act,1961 has to be kept in abeyance once an order u/s 14 of the IBC…
Trust or institution – Object to develop training and research centre to facilitate skill development to entire chain of work force engaged at various levels in garment and textile industry entitle for registration under provisions of Section 12AA.
Trust or institution – Object to develop training and research centre to facilitate skill development to entire chain of work…
If proceedings before DRT is going on against an entity ,then also CIRP Application under provisions of Sections 7, 9 & 10 will be maintainable.
If proceedings before DRT is going on against an entity ,then also CIRP Application under provisions of Sections 7, 9…
Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai
Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai ESPN Digital Media (India) Pvt.…
Unexplained Expenditure: Taxation @ 78% Flat
Unexplained Expenditure: Taxation @ 78% Flat Mr. Smart has incurred Rs. 75 Lakh in the marriage of the daughter in…
PAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs
PAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs The CBDT vide Notification No. 53/2022-Income Tax, Dated: 10th…
Does the New option of lower tax rates work for you?
Does the New option of lower tax rates work for you? There is lots of confusion about new tax…
CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices
CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices Instruction No. 01/2022, dated…
CONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961
CONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961 Dear Friends, As you are aware that finance is…
No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.
No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs. CBDT has…
