IT JudgementOrder Passed under Section 143(1) is NOT an Assessment: Delhi High Court4 years agoOrder Passed under Section 143(1) is NOT an Assessment: Delhi High Court Recently Delhi HC in a writ filed by…
Income TaxGet Ready for Budget–2023: Enhanced limit for Tax Audit likely4 years agoGet Ready for Budget–2023: Enhanced limit for Tax Audit likely Budget 2023 would probably be the most powerful, remarkable &…
Income TaxGet Ready for Budget–2023: Enhanced limit for Tax Audit likely4 years agoGet Ready for Budget–2023: Enhanced limit for Tax Audit likely Budget 2023 would probably be the most powerful, remarkable &…
IT JudgementSummary in Form DRC-01 can’t be a substitute of SCN under section 74(1): Jharkhand HC4 years agoSummary in Form DRC-01 can’t be a substitute of SCN under section 74(1): Jharkhand HC Recenlty, the Jharkhand HC in…
IT JudgementCancellation of registration based on vague SCN and non-speaking order quashed by Gujarat HC4 years agoCancellation of registration based on vague SCN and non-speaking order quashed by Gujarat HC Here is an interesting order by…
Income TaxRelaxation in condition for availing the Foreign Tax Credit by filing Form No. 674 years agoRelaxation in condition for availing the Foreign Tax Credit by filing Form No. 67 Rule 128(9) of the Income-tax Rule,…
IT JudgementFinally, Reopening proceeding beyond 6 years quashed by Calcutta High Court being barred by limitation4 years agoFinally, Reopening proceeding beyond 6 years quashed by Calcutta High Court being barred by limitation Calcutta HC passed a final order…
Income TaxBad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to Section 36 (1) (vii) then Section 37 cannot come in play4 years agoBad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to…
IT JudgementBogus Purchases: ITAT deletes addition without Proper Cross-Verification:4 years agoBogus Purchases: ITAT deletes addition without Proper Cross-Verification: M/s Ravi Developments (ITA.No.764 & 765/Mum./2022) Facts: Purchases were made by…
Income TaxNow ROC to carry out Physical verification of the Registered Office of the Company: Display the company information in the Board4 years agoNow ROC to carry out Physical verification of the Registered Office of the Company: Display the company information in the…
IT JudgementReassessment litigation to continue – Calcutta High Court Stays the show cause Notice and Initiation of Reassessment Proceeding beyond 6 Years4 years agoReassessment litigation to continue – Calcutta High Court Stays the show cause Notice and Initiation of Reassessment Proceeding beyond 6…
Income TaxSection 40(a)(ia) not only covers cases where amount is yet to be paid but also those cases where amount has actually been paid.4 years agoSection 40(a)(ia) not only covers cases where amount is yet to be paid but also those cases where amount has…
Income TaxProsecution for non filing of Income Tax Return4 years agoProsecution for non filing of Income Tax Return Prosecution proceedings are going to witness a hefty rise in years to…
Income TaxDate of allotment Vs. Date of Sale Deed: How to compute the Period of Holding4 years agoDate of allotment Vs. Date of Sale Deed: How to compute the Period of Holding We (I along with my…
IT JudgementHC issued notice and granted interim stay where reassessment notice is issued for AY 2013-14 on 13th April, 2021: The twist and Turn ahead4 years agoHC issued notice and granted interim stay where reassessment notice is issued for AY 2013-14 on 13th April, 2021: The twist…
Income TaxClause 44 of the Tax Audit Report & contents of the Guidance Note issued by the ICAI:4 years agoClause 44 of the Tax Audit Report & contents of the Guidance Note issued by the ICAI: Clause 44 of…
IT JudgementCalcutta HC quashes Assessment Order passed under old surrendered PAN4 years agoCalcutta HC quashes Assessment Order passed under old surrendered PAN Shakuntala Sales Incorporation (W.P.A. 17644 of 2022) Facts: The main…
Income TaxEase of doing business: Foreign Exchange Management (Overseas Investment) Rules, 2022 – Revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment4 years agoEase of doing business : Foreign Exchange Management (Overseas Investment) Rules, 2022 – Revised regulatory framework for overseas investment provides…