All About Review Unit under the Faceless Assessment Scheme
All About Review Unit under the Faceless Assessment Scheme Under the faceless assessment scheme, there is a Assessment Unit (AU)…
Income Tax
The third person evidence cannot be base for addition on the basis of any entries therein
The third person evidence cannot be base for addition on the basis of any entries therein Here is an important…
Supreme Court judgement in the case of Totgars Co-operative Sale Society Ltd., v. ITO cannot be blindly applied to all the co-operative society.
Supreme Court judgement in the case of Totgars Co-operative Sale Society Ltd., v. ITO cannot be blindly applied to all…
Income Tax Search and Seizure: “Insertion of Section 79A”-Plugging of lacuna by the Finance Bill 2022
Income Tax Search and Seizure: “Insertion of Section 79A”-Plugging of lacuna by the Finance Bill 2022 In the…
The Shock: Loss from transfer of one Crypto Currency WILL NOT be SETOFF against profit of another
The Shock: Loss from transfer of one Crypto Currency WILL NOT be SETOFF against profit of another Reply by MOF…
Immunity from penalty U/s 270A
Immunity from penalty U/s 270A Whenever the addition is done by the AO during the course of the assessment proceeding,…
Section 148 and Issuance of Notice Vs. Electronic signing and uploading of the Notice
Section 148 and Issuance of Notice Vs. Electronic signing and uploading of the Notice The entire gamut of issue and…
Assessee cannot be treated as assessee in default for not collecting TCS if declaration from the buyers as per provisions of section 206C(1A) of the Act is furnished to the seller
Assessee cannot be treated as assessee in default for not collecting TCS if declaration from the buyers as per provisions…
Penny Stock: No incriminating evidence No Addition – ITAT Mumbai
Penny Stock: No incriminating evidence No Addition – ITAT Mumbai This is the landmark order by the ITAT Mumbai which…
Taxation of Trust & NGO: Amendment by Finance Bill – 2022
Taxation of Trust & NGO: Amendment by Finance Bill – 2022 With the rise in the Corporate Social Responsibility (CSR)…
Processing for trading is not qualified for exemption from TCS provision U/s 206C(1)
TCS & processing vs manufacturing, Section 206C and processing, beedi and TCS, TCS on processing The TCS provision U/S 206C…
Order under section 119 of the income-tax Act, 1961 (the Act) providing exclusions to section 144B of the Act.
Order under section 119 of the income-tax Act, 1961 (the Act) providing exclusions to section 144B of the Act. …
Delay in filing of Form No. 10IC for concessional tax regime u/s 115BAA: A welcome move by CBDT
Delay in filing of Form No. 10IC for concessional tax regime u/s 115BAA: A welcome move by CBDT 1. Section…
The “project completion method” is one of the recognized methods of accounting and cannot be rejected by the AO
The “project completion method” is one of the recognized methods of accounting and cannot be rejected by the AO The…
Technical Glitches at the New Income Tax Portal Continues: Trouble in Filing Form No. 10AB
Technical Glitches at the New Income Tax Portal Continues: Trouble in Filing Form No. 10AB Despite the time of more…
No addition under Section 50C for a difference of up to 10% of stamp duty value on a retrospective basis
No addition under Section 50C for a difference of up to 10% of stamp duty value on a retrospective basis…
Principles of Cross Examination: Tool to be used during income tax proceeding
Principles of Cross Examination: Tool to be used during income tax proceeding “Not allowing Assessee to cross-examine witnesses…
Interest income by Developer firm is assessable as Business Income & not as Income from Other Source Income: Adv. Ravindra Poojary
Interest income by Developer firm is assessable as Business Income & not as Income from Other Source Income: Adv. Ravindra…
