Offense committed by the firm is also an offense committed by the partners
Offense committed by the firm is also an offense committed by the partners An important judgement has been rendered in…
Income Tax
Provision of Lease Equalization Charges created in accordance with AS-19 is allowable deduction,
Provision of Lease Equalization Charges created in accordance with AS-19 is allowable deduction. Recently the Delhi ITAT has allowed …
In case of multiple consignments, for each shipment a separate CHIMS registration no. is required.
In case of multiple consignments, for each shipment a separate CHIMS registration no. is required. As per vide Notification No.…
The High Court cannot dismiss an appeal u/s. 260A merely having an opinion that the proposed questions of law are not substantial questions of law and they are only on factual aspects: SC
The High Court cannot dismiss an appeal u/s. 260A merely having an opinion that the proposed questions of law are not substantial questions of law and they are only on factual aspects: SC In the…
Tolerance range of Arm’s length price under income tax rules 1962.
Tolerance range of Arm’s length price under income tax rules 1962. CBDT has issued Notification No. 70/2022 dated…
What cannot be done u/s. 154 on the ground of debatability cannot be done u/s. 143(1) of the Act: ITAT Mumbai
What cannot be done u/s. 154 on the ground of debatability cannot be done u/s. 143(1) of the Act: ITAT…
Assessee did not furnish a valid return within the time prescribed in the notice u/s 148. There was no necessity to issue any notice under s.143(2)- ITAT Indore
Assessee did not furnish a valid return within the time prescribed in the notice u/s 148. There was no necessity…
Filing options for Updated Return Activate at the Income Tax Portal
Filing options for Updated Return Activate at the Income Tax Portal E-filing of Updated ITR u/s 139(8A) has been…
No penalty u/s 43 of Black Money Act (BMA) for non-disclosure of foreign asset in ITR, if source was explained & assessee’s conduct was bonafide
No penalty u/s 43 of Black Money Act (BMA) for non-disclosure of foreign asset in ITR, if source was explained…
Interest payment to related parties @ 18% and AO allowing only 12%: Validity of the disallowance of 6%
Interest payment to related parties @ 18% and AO allowing only 12%: Validity of the disallowance of 6% Disallowance of…
AO has no right to treat Trust’s registration granted by Commissioner (Exemption) as invalid to deny exemption: ITAT
AO has no right to treat Trust’s registration granted by Commissioner (Exemption) as invalid to deny exemption: ITAT There are…
Interest to be charged in case of tax not paid before due date and not for late filing of GSTR-3B: Jharkhand HC
Interest to be charged in case of tax not paid before due date and not for late filing of GSTR-3B:…
Payment through Agent and validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit
Payment through Agent and validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit Section…
Reassessment initiated merely on basis of an audit objection not valid: HC
Reassessment initiated merely on basis of an audit objection not valid: HC There are a lot of taxpayers who have…
Estate & Succession Planning through Wills, Private Trusts & Nomination (I)
Estate & Succession Planning through Wills, Private Trusts & Nomination (I) Wealth is built to be enjoyed and passed on…
TDS credit should not be denied merely due to wrong entry of PAN number: ITAT
TDS credit should not be denied merely due to wrong entry of PAN number: ITAT Kolkata ITAT has recently…
Trust for the benefit of the Minor: Clubbing Provisions of Section 64(1)(v) have no application
Trust for the benefit of the Minor: Clubbing Provisions of Section 64(1)(v) have no application Here is a copy of the…
Notification No. 2/ 2022 released for specifying the Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax (STT) .
Notification No. 2/ 2022 released for specifying the Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax…
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