Income TaxBona Fide Belief With Genuineness Of Transaction Constitutes Reasonable Cause U/S 273B: Chhattisgarh HC3 months agoBona Fide Belief With Genuineness Of Transaction Constitutes Reasonable Cause U/S 273B: Chhattisgarh HC Sandeep Kaur Gill v. Union of…
Income TaxShort overview of the CARO 2020- What it covers?3 months agoShort overview of the CARO 2020- What it covers? CARO 2020 is a new format for the issue of…
Income TaxTax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT3 months agoTax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT The…
Income TaxAn interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8)3 months agoAn interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8) For those working with charitable…
Income TaxWhether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed before CIT (A) under section 250?3 months agoWhether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed…
Income TaxNo notice under section 143(2) Notice – Assessment May Be Void3 months agoNo notice under section 143(2) Notice – Assessment May Be Void As per CBDT Circular No. F.No.225/157/2017/ITA-II dated 23.06.2017, any…
Income TaxOpted for New Regime by filing Form No. 10IE but filed ITR under Old Regime – ITAT granted the benefit under old Regime3 months agoOpted for New Regime by filing Form No. 10IE but filed ITR under Old Regime – ITAT granted the benefit…
Income TaxAn overview of Annual Compliances under Company Law, income Tax Law & MSME Act for the private limited company3 months agoAn overview of Annual Compliances under Company Law, income Tax Law & MSME Act for the private limited company …
Income TaxNo independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of LTCG exemption under Section 10(38)3 months agoNo independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of…
Income TaxDelhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless”3 months agoDelhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless“ The…
Income TaxAdditions made on the basis of surmises and conjectures is not sustainable: Delhi HC3 months agoAdditions made on the basis of surmises and conjectures is not sustainable: Delhi HC Delhi High Court in the…
Income TaxSupreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to verify all such transactions3 months agoSupreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to…
Income TaxReopening based on an incorrect factual premise is bad in law: ITAT Hyderabad3 months agoReopening based on an incorrect factual premise is bad in law: ITAT Hyderabad The Indian Income Tax Act, 1961…
Income TaxBombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed3 months agoBombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed …
Income TaxAssessments Possible even after concluded assessment u/s 153A: Madras High Court3 months agoAssessments Possible even after concluded assessment u/s 153A: Madras High Court ACIT v. Dalmia Bharat Ltd (WP(MD)Nos.19202 of 2018,…
Income TaxThe financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the officials responsible: Bombay High Court4 months agoThe financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the…
Income TaxRejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad”4 months agoRejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad” ssessing Officer rejected the books of accounts and estimated…
Income TaxSpa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi4 months agoSpa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi Sujan Luxury Hospitality…