Income TaxCBDT instruction on time bound reply to response against intimation U/S 2454 years agoBDT instruction on time bound reply to response against intimation U/S 245 The Directorate of Income Tax (Systems) has…
Income TaxAdjustment of Refund against outstanding demand – CBDT instruction asking AO to response within 21 days4 years agoAdjustment of Refund against outstanding demand – CBDT instruction asking AO to response within 21 days Here is a welcome…
Income TaxRevaluation of the assets of the firm is liable for capital gain Tax: Supreme Court4 years agoRevaluation of the assets of the firm is liable for capital gain Tax: Supreme Court The Hon’ble Supreme Court…
Income TaxSupreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs Minimum Experience4 years agoSupreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs Minimum Experience The Supreme…
Income TaxManner of processing and sanction of IGST refunds, withheld in terms of caluse (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rule, 2017-regarding4 years agoManner of processing and sanction of IGST refunds, withheld in terms of caluse (c) of sub-rule (4) of rule 96,…
Income TaxPower of Income Tax Survey restored – More Action likely4 years agoPower of Income Tax Survey restored – More Action likely order-2 (2)
Income TaxIncome tax: Petition for no income tax for income below Rs.8 lakh… Court notices to Central Govt.4 years agoIncome tax: Petition for no income tax for income below Rs.8 lakh… Court notices to Central Govt. Income…
Income TaxIncome Tax on Old creditors of the Assessee vis a vis Limitation Act 19634 years agoIncome Tax on Old creditors of the Assessee vis a vis Limitation Act 1963 Often old creditor are brought…
IT JudgementNo Draft Notice under S. 144B issued -Delhi HC directed NaFC to withdraw the Assessment Order4 years agoNo Draft Notice under S. 144B issued -Delhi HC directed NaFC to withdraw the Assessment Order Here is an important…
IT JudgementOnus on AO to prove that the liability ceases to exist: Calcutta HC4 years agoOnus on AO to prove that the liability ceases to exist: Calcutta HC PCIT -12, Kolkata vs Soorajmul Nagarmull (ITAT…
Income TaxE-verification of the Information in the Income Tax Portal- A step towards transparent working4 years agoE-verification of the Information in the Income Tax Portal- A step towards transparent working The Income Tax Department is…
Income TaxIncome Tax Department conducts search actions in Karnataka4 years agoIncome Tax Department conducts search actions in Karnataka Government of India Ministry of Finance Department of Revenue Central Board…
Income Tax“Otherwise” in section 45(4) includes Revaluation of the Asses without dissolution: Supreme Court4 years ago“Otherwise” in section 45(4) includes Revaluation of the Asses without dissolution: Supreme Court The law takes its own recourse…
Articleother topicAn Apt Pre-Budget Memorandum 2023-24 By Chartered Accountants Association Surat4 years agoAn Apt Pre-Budget Memorandum 2023-24 By Chartered Accountants Association Surat Pre-Budget Memorandum 2023-24-compressed
Income TaxCessation of liability and income tax u/s 41(1) of the Income-tax Act,1961 vis a vis Limitation Act 19634 years agoCessation of liability and income tax u/s 41(1) of the Income-tax Act,1961 vis a vis Limitation Act 1963 Cessation…
Income TaxWrong Claim in the ITR & power of Rectification U/s 1544 years agoWrong Claim in the ITR & power of Rectification U/s 154 Wrong claim in return -1
Income TaxPenalty Notice: Where specific charges are not levelled, the notice would be defective and need to be quashed4 years agoPenalty Notice: Where specific charges are not levelled, the notice would be defective and need to be quashed …
IT JudgementCash gift during marriage & income Tax Applucability4 years agoCash gift during marriage & income Tax Applucability Here is an interesting case by ITAT, Chennai on the applicability of…