Whether ITAT can waive off the mandatory condition of pre-deposit of tax of 20%?
Whether ITAT can waive off the mandatory condition of pre-deposit of tax of 20%? Recently, the Mumbai ITAT BENCH ‘K’ in…
Income Tax
10 Tax benefits of having an HUF
10 Tax benefits of having an HUF HUF is a separate entity for income tax law. Its income is taxable…
Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal issue?
Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal…
When a receipt is not in the character of income, it cannot form part of the book profit under section 115JB of the Act, 1961.
When a receipt is not in the character of income, it cannot form part of the book profit under section…
How to Create Hindu Undivided Family (HUF)
How to Create Hindu Undivided Family (HUF) The term “Person” is defined under section 2(31) of the Income Tax…
Validity of addition as a result of difference in the valuation of the Stock as per the Tally ERP vis a vis as computed by Income Tax Department Survey Team
Validity of addition as a result of difference in the valuation of the Stock as per the Tally ERP vis…
Extension of time line for amendment in GST return and claiming ITC
Extension of time line for amendment in GST return and claiming ITC Certain amendments were made in the provisions of…
Powers of ITAT u/s 254 does not mean power to grant stay of demand by waiving off 20% pre-deposit: Mumbai ITAT
Powers of ITAT u/s 254 does not mean power to grant stay of demand by waiving off 20% pre-deposit: Mumbai…
In absence of valid service of notice under section 148 of the Act, the assessment proceeding under section 147 of the Act has to be declared as invalid.
In absence of valid service of notice under section 148 of the Act, the assessment proceeding under section 147 of…
Amendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC
Amendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC Delhi High Court in…
No penalty for accepting loan in cash from sister concern for making labour payments at far off places and there was an urgency to do so: Orissa HC
No penalty for accepting loan in cash from sister concern for making labour payments at far off places and there…
No addition u/s 69A for cash deposits during demonetization if the same is routed through regular books of account of assessee which was not rejected by AO: Chandigarh ITAT
No addition u/s 69A for cash deposits during demonetization if the same is routed through regular books of account of…
No GST on Renting Of Residential accommodation for Personal Use: Delhi High Court
No GST on Renting Of Residential accommodation for Personal Use: Delhi High Court Delhi HC in the case of SEEMA GUPTA…
Delhi HC decides the date of issue of notices sent through various modes for purposes of time-barring reassessment.
Delhi HC decides the date of issue of notices sent through various modes for purposes of time-barring reassessment. [2022] 143 taxmann.com 11…
No reference made to the clarifications of the appellant in the order for rejection of exemption, order to be set aside: ITAT
No reference made to the clarifications of the appellant in the order for rejection of exemption, order to be set…
DSC not mandatory for Service of Notice u/s 148: Delhi HC
DSC not mandatory for Service of Notice u/s 148: Delhi HC SUMAN JEET AGARWAL (W.P.(C) 10/2022, CM APPL.16/2022) …
Section 80P deduction is available if the income tax return is not filed: ITAT analyzed section 80A (5)
Section 80P deduction is available if the income tax return is not filed: ITAT analyzed section 80A (5) ITAT,…
Deduction for provision of doubtful debts may be allowed even if assessee has not written off such provision in ledger a/c of Book Debt
Deduction for provision of doubtful debts may be allowed even if assessee has not written off such provision in ledger…