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…
Income Tax
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…
Filing of a suit against Partnership Firm & Its Partners: Decree passed against a Firm is binding on all persons who were partners
Filing of a suit against Partnership Firm & Its Partners: Decree passed against a Firm is binding on all persons who…
NFRA penalises CA for not reporting ‘material misstatements’ in listed companies Financial Statements
NFRA penalises CA for not reporting ‘material misstatements’ in listed companies Financial Statements NFRA imposes a penalty of…
Without any material to substantiate that assessee has not committed any violation of section 269SS of the Act, Penalty U/s 271D cannot be deleted
Without any material to substantiate that assessee has not committed any violation of section 269SS of the Act, Penalty U/s…
CIT(A) deleted the addition made by the AO without calling for the remand report of the AO- ITAT remanded back the case to AO
CIT(A) deleted the addition made by the AO without calling for the remand report of the AO- ITAT remanded back…
 deleted the addition made by the AO without calling for the remand report of the AO- ITAT remanded back the case to AO){kind=link}
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