Tax Relief to income arising from retirement funds:
Tax Relief to income arising from retirement funds: 1. Some countries tax income from such foreign retirement benefits accounts on…
Income Tax
Notional or fictitious journal entries cannot be taxed u/s. 68.
Notional or fictitious journal entries cannot be taxed u/s. 68. The Honble ITAT Delhi in the case of DCIT vs.…
Instances of the Violation of “Principle of Natural Justice” as observed by the Judiciary
Instances of the Violation of “Principle of Natural Justice” as observed by the Judiciary There are various cases where…
Stay application cannot be rejected arbitrarily. AO should not act as a mere tax-gatherer but as a quasi-judicial authority vested with the power of mitigating hardship to the assessee.
Stay application cannot be rejected arbitrarily. AO should not act as a mere tax-gatherer but as a quasi-judicial authority vested…
ITAT defines the meaning of ‘set aside’ and directs that AO can’t do fresh assessment if assessment order was set aside by ITAT.
ITAT defines the meaning of ‘set aside’ and directs that AO can’t do fresh assessment if assessment order was set…
Landmark Ruling: Sale of plots after subdividing land into smaller plots & adding amenities will not amount to supply- AAR Goa
Landmark Ruling: Sale of plots after subdividing land into smaller plots & adding amenities will not amount to supply- AAR…
Writ petition on reassessment notice for bogus purchases of Rice based on statements recorded of different parties dismissed by Chhatisgarh HC.
Writ petition on reassessment notice for bogus purchases of Rice based on statements recorded of different parties dismissed by Chhatisgarh…
Collective Investment Scheme” floated by a private trust is illegal.
Collective Investment Scheme” floated by a private trust is illegal. Author CS Deepak P. Singh BRIEF FACTS: Two trusts named…
Sum received from husband with no intention to repay isn’t loan; no violation of Sec. 269SS: ITAT
Sum received from husband with no intention to repay isn’t loan; no violation of Sec. 269SS: ITAT Smt. Meera Devi…
Interest paid by builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC
Interest paid by builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC…
Validity of the existing Hand Book of Procedures (HBP), 2015-20 is extended upto 30th September, 2022 by DGFT
Validity of the existing Hand Book of Procedures (HBP), 2015-20 is extended upto 30th September, 2022 by DGFT Validity of…
Signing of 62 Advance Pricing Agreements by CBDT in FY 2021-22
Signing of 62 Advance Pricing Agreements by CBDT in FY 2021-22 The Central Board of Direct Taxes (CBDT) has…
Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights and Real Estate Groups
Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights and Real Estate Groups …
ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence.
ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence. The importance of “Evidence” cannot…
Black money provisions cannot be invoked for minor breach of law: Mumbai ITAT
Black money provisions cannot be invoked for minor breach of law: Mumbai ITAT Additional Commissioner of Income Tax vs Leena…
Pre-Condition to deposit 20% of the disputed tax for stay of recovery proceedings can be relaxed in appropriate cases: Delhi High Court
Pre-Condition to deposit 20% of the disputed tax for stay of recovery proceedings can be relaxed in appropriate cases: Delhi…
The Constitution confers on the High Courts the power to give relief, it is the duty of the Courts to give such relief in appropriate cases and the Courts would be failing to perform their duty if relief is refused without adequate reasons: Supreme Court in a case of reassessment proceeding
The Constitution confers on the High Courts the power to give relief, it is the duty of the Courts to…
“The court is very reluctant to interfere with the sufficiency of the findings and reasonings of the recorded reasons and was impressed by the gross negligence of the AO”: Calcutta HC
“The court is very reluctant to interfere with the sufficiency of the findings and reasonings of the recorded reasons and…
