No investment made after claiming Sec. 54B relief can’t be held as willful tax evasion if facts weren’t suppressed: HC
No investment made after claiming Sec. 54B relief can’t be held as willful tax evasion if facts weren’t suppressed: HC…
Income Tax
Expenses incurred to raise floor height of warehouse to prevent water logging during monsoon is revenue exp.: HC
Expenses incurred to raise floor height of warehouse to prevent water logging during monsoon is revenue exp.: HC …
Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and sequent years
Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year…
Widening the scope of digital signature: Form No.3CEF,101A,68,etc made mandatory for digital signature
Widening the scope of digital signature: Form No.3CEF,101A,68,etc made mandatory for digital signature Government of India Ministry of Finance…
Two PAN Cards allotted to Assessee: ITAT directs to Cancel One and Allows TDS Credit
Two PAN Cards allotted to Assessee: ITAT directs to Cancel One and Allows TDS Credit M/s. Taradevi Jyoti Kumar…
Filing of Income Tax Returns-Importance of Due Date
Filing of Income Tax Returns-Importance of Due Date Before continuing the series of articles on Estate & Succession…
CBDT standardizes Process for Approval/Renewal of Electoral Trust
CBDT standardizes Process for Approval/Renewal of Electoral Trust Under clause (22AAA) of Section 2 of the Income-tax Act, 1961…
Reassessment initiated on the basis of change of opinion not valid – Assessment quashed by Bombay HC
Reassessment initiated on the basis of change of opinion not valid – Assessment quashed by Bombay HC There are a…
AO has power to cancel the Trust Registration Certificiate U/s 12A?
AO has power to cancel the Trust Registration Certificiate U/s 12A? There are various cases where in the AO wish…
Revised return cannot transform original return in to a return U/s 139(3) so as to avail the benefit of carrying forward or set-off of any loss
Revised return cannot transform original return in to a return U/s 139(3) so as to avail the benefit of carrying…
Proper officer has no jurisdiction to issue SCN on a person whose taxable turnover is less than threshold limit: Delhi HC
Proper officer has no jurisdiction to issue SCN on a person whose taxable turnover is less than threshold limit: Delhi…
Sufficiency of reasons to believe cannot be looked into for considering the validity of the search proceedings:
Sufficiency of reasons to believe cannot be looked into for considering the validity of the search proceedings: LALJIBHAI KANJIBHAI MANDALIA…
Filing of appeals in the case of identical issues:New Form issued
ling of appeals in the case of identical issues:New Form issued The Finance Act, 2022 has inserted a new Section…
Know about the Observation of the Supreme Court on the phrase “Reason to Believe”
Know about the Observation of the Supreme Court on the phrase “Reason to Believe” The Hon’ble Supreme Court in…
Best Known Global Tax Haven Countries – Know about it
Best Known Global Tax Haven Countries – Know about it There is a global practice of shifting the business…
Charitable Trust in Maharashtra liable to pay 3% contribution from 2009 onwards
Charitable Trust in Maharashtra liable to pay 3% contribution from 2009 onwards Bombay High Court has passed final order…
Proceedings under the Insolvency and Bankruptcy Code (IBC), 2016 cannot dilute the rights of the Tax Department to reopen the assessment U/S 148
Proceedings under the Insolvency and Bankruptcy Code (IBC), 2016 cannot dilute the rights of the Tax Department to reopen the…
Public authority must not exercise that power just because it would be lawful for the said authority to exercise the same: Bombay ITAT.
Public authority must not exercise that power just because it would be lawful for the said authority to exercise the…
