Can Sec 148 notices be issued on the basis of an AIS mismatch?
Can Sec 148 notices be issued on the basis of an AIS mismatch? 1. What is AIS? AIS (Annual Information…
Income Tax
Capital Gains Account Scheme: Confusion & Clarification (II) – Bureaucracy, Bewilderment & the Battle for Tax Exemption
Capital Gains Account Scheme: Confusion & Clarification (II) – Bureaucracy, Bewilderment & the Battle for Tax Exemption In the previous issue…
ITAT grants Section 11 relief by holding that amendment is prospective and not punitive as Onerous compliance not to apply backwards
ITAT grants Section 11 relief by holding that amendment is prospective and not punitive as Onerous compliance not to apply…
No need for registered deed, Investment and possession are enough for capital gain exemption: ITAT
No need for registered deed, Investment and possession are enough for capital gain exemption: ITAT Investment and possession are enough,…
Imposition of penalty merely on technical mistake committed by the assessee without any loss of revenue would not be sustainable.
Imposition of penalty merely on technical mistake committed by the assessee without any loss of revenue would not be sustainable. …
Why Your Salary Disappears by Mid-Month — And How to Stop It
Why Your Salary Disappears by Mid-Month — And How to Stop It If you’re like most salaried professionals, your phone…
Cash deposit during Demonetization: ITAT deletes the addition as a trail of cash flow established the source of the deposits.
Cash deposit during Demonetization: ITAT deletes the addition as a trail of cash flow established the source of the deposits.…
Any debatable issues should be assessed under scrutiny assessment under section 143(3) & not through summary processing under Section 143(1)(a)
Any debatable issues should be assessed under scrutiny assessment under section 143(3) & not through summary processing under Section 143(1)(a)…
Capital Gain Exemption: Separate floors of a singular house are not required to be considered as multiple residential houses
Capital Gain Exemption: Separate floors of a singular house are not required to be considered as multiple residential houses …
An overview of the provision related to GST on Road Transport Services
An overview of the provision related to GST on Road Transport Services If your business relies on transporting goods…
Taxpayers can file ITR 1 and ITR 4 ! Excel Utilities only released !
Taxpayers can file ITR 1 and ITR 4 ! Excel Utilities only released ! Excel Utilities of ITR-1 and…
Foreign Tax Credit (FTC) admissible even if there is a delay in filing of Form 67
Foreign Tax Credit (FTC) admissible even if there is a delay in filing of Form 67 ITAT Pune in the…
Reopening under section 148 & not under section 153C is bad in law if it is based on incriminating materials, documents, electronic data seized from a third party, or statements recorded during the investigation
Reopening under section 148 & not under section 153C is bad in law if it is based on incriminating materials,…
Form 26A not filed by the assessee – Whether disallowance U/s 40(a)(ia) can be made even if the payee has already offered the income to tax in its ITR
Form 26A not filed by the assessee – Whether disallowance U/s 40(a)(ia) can be made even if the payee has…
Is GST applicable on canteen and transport recoveries from Employees?
Is GST applicable on canteen and transport recoveries from Employees? In an AAR in the case of M/s Ferrero…
Transaction which was bona fide and not aimed to avoid any tax liability would constitute a reasonable cause within the meaning of Section 273B
Transaction which was bona fide and not aimed to avoid any tax liability would constitute a reasonable cause within the…
Delhi HC allows 54F deduction of Rs 90 Cr, where multiple floors of residential property were purchased
Delhi HC allows 54F deduction of Rs 90 Cr, where multiple floors of residential property were purchased Principal Commissioner…
Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at Railway Station
Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at…
