Highest Direct Tax Collection of Rs. 14.71 Lakh Crore till 10th January 2023
Highest Direct Tax Collection of Rs. 14.71 Lakh Crore till 10th January 2023 WhatsApp Image 2023-01-11 at 9.34.52…
Income Tax
Delayed filing of GSTR 1/3B & Denial of ITC vis a vis Principal of Natural justice and was violation of Article 14 of the constitution of India.
Delayed filing of GSTR 1/3B & Denial of ITC vis a vis Principal of Natural justice and was violation of…
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities abolished
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities…
Validity of addition solely on the basis of a statement that some payments were made
Validity of addition solely on the basis of a statement that some payments were made ITAT Pune…
Section 127 of the Income Tax Act-1961: There is no absolute right to be assessed in a particular Territory
Section 127 of the Income Tax Act-1961: There is no absolute right to be assessed in a particular Territory …
ITAT can not pass an order in any manner it likes
ITAT can not pass an order in any manner it likes Here is a classic example of ITAT resorting…
Provisions of section 80AC do note apply to section 80P if the return of income is not filed
Provisions of section 80AC do note apply to section 80P if the return of income is not filed Here…
Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT
Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT There are often the…
Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A has no evidentiary value: ITAT Kolkata
Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A…
Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT
Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT Facts:…
Extension of the period of claiming Capital Gain Exemption: An Eyewash
Extension of the period of claiming Capital Gain Exemption: An Eyewash The Covid-19 pandemic and resultant restrictions have resulted in…
CBDT has granted a further extension of timelines to comply with provisions of section 54 to 54GB.
CBDT has granted a further extension of timelines to comply with provisions of section 54 to 54GB. F. No.…
Sec. 80P deduction can’t be denied to the assessee merely on reason that it didn’t file return of income: ITAT
Sec. 80P deduction can’t be denied to the assessee merely on reason that it didn’t file return of income: ITAT…
Additions framed on account of alleged cash receipts not valid where no witnesses to such payments are available to testify & where based solely on a statement that some payments were made
Additions framed on account of alleged cash receipts not valid where no witnesses to such payments are available to testify…
Additional ground not raised before the CIT could be raised before the Tribunal: Calcutta HC
Additional ground not raised before the CIT could be raised before the Tribunal: Calcutta HC Principal Commissioner of Income…
Validity of addition solely on the basis of a statement that some payments were made
Validity of addition solely on the basis of a statement that some payments were made ITAT Pune has recently held…
Agreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013
Agreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013 There are cases…
Sec 179 not followed, recovery cannot be made from the properties of the directors: Gujarat HC
Sec 179 not followed, recovery cannot be made from the properties of the directors: Gujarat HC Devendra Babulal…
