Validity of Reopening on a new ground different from the ground on which notice was issued U/s 148A
Validity of Reopening on a new ground different from the ground on which notice was issued U/s 148A The…
Income Tax
Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a provision cannot claim deduction under Section 37 of the IT Act even on the basis of “real income theory”.
Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a…
Sum paid by custom house agent to container freight station agent is liable to sec. 194C TDS: ITAT
Sum paid by custom house agent to container freight station agent is liable to sec. 194C TDS: ITAT The issue…
Amendment in section 36(1)(va by the Finance Act- 2021 don’t have the retrospective application: Nagpur ITAT
Amendment in section 36(1)(va by the Finance Act- 2021 don’t have the retrospective application: Nagpur ITAT ITAT Nagpur bench in…
Reopening Proceedings Quashed by Calcutta High Court as the information has been lightly used which resulted in issuance of notice.
Reopening Proceedings Quashed by Calcutta High Court as the information has been lightly used which resulted in issuance of notice. …
Compensation for compulsory acquisition of Land, whether agricultural or non agricultural is exempted from Income Tax: ITAT
Compensation for compulsory acquisition of Land, whether agricultural or non agricultural is exempted from Income Tax: ITAT The two-member…
Bombay High Court also stays the reassessment preceding beyond 6 Years- An interim relief Granted
Bombay High Court also stays the reassessment preceding beyond 6 Years- An interim relief Granted The litigation post Ashish…
Delhi High Court also admitted petition against reopening U/s 148A(d) -Granted Interim Relief
Delhi High Court also admitted petition against reopening U/s 148A(d) -Granted Interim Relief In this case, the learned counsel for…
Reassessment proceeding beyond 6 Years stayed by Calcutta High Court as an interim relief
Reassessment proceeding beyond 6 Years stayed by Calcutta High Court as an interim relief The litigation post Ashish Kumar Agarwal…
Quashing of Benami Law’s Retrospective Effect: A short Overview
Quashing of Benami Law’s Retrospective Effect: A short Overview Supreme Court in the case of Ganpati Dealcom Private Limited…
Order Passed under Section 143(1) is NOT an Assessment: Delhi High Court
Order Passed under Section 143(1) is NOT an Assessment: Delhi High Court Recently Delhi HC in a writ filed by…
Get Ready for Budget–2023: Enhanced limit for Tax Audit likely
Get Ready for Budget–2023: Enhanced limit for Tax Audit likely Budget 2023 would probably be the most powerful, remarkable &…
Get Ready for Budget–2023: Enhanced limit for Tax Audit likely
Get Ready for Budget–2023: Enhanced limit for Tax Audit likely Budget 2023 would probably be the most powerful, remarkable &…
Summary in Form DRC-01 can’t be a substitute of SCN under section 74(1): Jharkhand HC
Summary in Form DRC-01 can’t be a substitute of SCN under section 74(1): Jharkhand HC Recenlty, the Jharkhand HC in…
Cancellation of registration based on vague SCN and non-speaking order quashed by Gujarat HC
Cancellation of registration based on vague SCN and non-speaking order quashed by Gujarat HC Here is an interesting order by…
Relaxation in condition for availing the Foreign Tax Credit by filing Form No. 67
Relaxation in condition for availing the Foreign Tax Credit by filing Form No. 67 Rule 128(9) of the Income-tax Rule,…
Finally, Reopening proceeding beyond 6 years quashed by Calcutta High Court being barred by limitation
Finally, Reopening proceeding beyond 6 years quashed by Calcutta High Court being barred by limitation Calcutta HC passed a final order…
Bad 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 play
Bad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to…
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