Mere entry of cash credit in the books of accounts that would create liability, but there should be an actual flow of funds. – ITAT Delhi
Mere entry of cash credit in the books of accounts that would create liability, but there should be an actual…
Income Tax
ITAT has power to entertain a new claim for the first time: Supreme Court in WIPRO Finance Limited Vs CIT
ITAT has power to entertain a new claim for the first time: Supreme Court in WIPRO Finance Limited Vs CIT…
When the Constitution confers on the High Courts the power to give relief, it becomes 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
When the Constitution confers on the High Courts the power to give relief, it becomes the duty of the Courts…
Material available with the Assessing Officer during the course of original assessment – No reassessment permissible u/s 147
Material available with the Assessing Officer during the course of original assessment – No reassessment permissible u/s 147 Bombay…
New categories of taxpayers notified for filing income tax return without income exceeding Rs. 2.50 Lakh
New categories of taxpayers notified for filing income tax return without income exceeding Rs. 2.50 Lakh Section 139 (1) (b)…
RBI MASTER DIRECTION -RBI (Regulatory Framework for Microfinance Loans) Directions, 2022
RBI MASTER DIRECTION -RBI (Regulatory Framework for Microfinance Loans) Directions, 2022 Author CS Deepak P. Singh Master Direction…
Notices issued after 01.04.2021 are valid notice- SC order likely in the next Week
Notices issued after 01.04.2021 are valid notice- SC order likely in the next Week SLP was filed by the…
Request for simplifying the form filing process on the new MCA/LLP portal or the Ministry of Corporate Affairs
Request for simplifying the form filing process on the new MCA/LLP portal or the Ministry of Corporate Affairs Business cell…
Notice and Reassessment order quashed as Approval Granted in a mechanical way without applying their mind: Bombay HC in Raimaladitya Textile Pvt. Ltd
Notice and Reassessment order quashed as Approval Granted in a mechanical way without applying their mind: Bombay HC in Raimaladitya…
Know about Article 142 of The Constitution of India which is likely to be invoked for validating section 148 Notice
Know about Article 142 of The Constitution of India which is likely to be invoked for validating section 148 Notice…
Validity of imposition of penalty for not getting the books of accounts audited due to ignorance of law
Validity of imposition of penalty for not getting the books of accounts audited due to ignorance of law ”Ignorance…
Writ can be filed even if alternative remedy in the form of CIT – Appeal Is not used by the taxpayers.
Writ can be filed even if alternative remedy in the form of CIT – Appeal Is not used by the…
“Section 148 controversy likely to be decided in favour of the Revenue”
“Section 148 controversy likely to be decided in favour of the Revenue” Section 148 controversy appears to have been finally…
Know how your leave incashment is taxed by Balwant Jain
Know how your leave incashment is taxed by Balwant Jain Author Balwant Jain Generally,all employees areeligible to avail certain number…
No addition can be done against the fictitious entry in the books of accounts
No addition can be done against the fictitious entry in the books of accounts There was an interesting…
COMPILATION OF ARTICLES ON SOME MOST IMPORTANT CONCEPTS OF INSURANCE
COMPILATION OF ARTICLES ON SOME MOST IMPORTANT CONCEPTS OF INSURANCE Author CS Deepak P. Singh As you…
ITAT has to consider the additional evidence application under Rule 29 before proceeding ahead with the final hearing.
ITAT has to consider the additional evidence application under Rule 29 before proceeding ahead with the final hearing. The Rule…
