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:…
Income Tax
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…
Compliance Calendar for Jan- 23 Happy New Year
Compliance Calendar for Jan- 23 Happy New Year INCOME TAX ▪ 07th Jan 2023- Due date for TDS/TCS…
Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand
Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand …
PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT
PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH…
Reopening is bad in law if it is by relying on the same set of material and the audit objection and using the same materials
Reopening is bad in law if it is by relying on the same set of material and the audit objection…
Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling about the charge against the assessee
Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling…
Purchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions
Purchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions A…
Science has not yet invented any instrument to test the reliability of the evidence placed before a Court or Tribunal- Supreme Court in CIT Vs. Durga Prasad More
Science has not yet invented any instrument to test the reliability of the evidence placed before a Court or Tribunal-…
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT The Income Tax…
Income Tax Authorities can adopt the theory of Human probability during Assessment Proceeding
Income Tax Authorities can adopt the theory of Human probability during Assessment Proceeding The Supreme Court in the case…
