Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at Railway Station
Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at…
Income Tax
Reassessment Proceeding: Section 149(1)(b) of the Act would be satisfied if the cumulative value of the expenditure exceeds ₹ 50 lakhs provided that the same is related to an event or occasion.
Reassessment Proceeding: Section 149(1)(b) of the Act would be satisfied if the cumulative value of the expenditure exceeds ₹ 50 lakhs provided…
Digital Evidence in Tax Law: No 65B Certificate Needed, Rules Madras HC
Digital Evidence in Tax Law: No 65B Certificate Needed, Rules Madras HC In a landmark judgment (TS-487-HC-2025(MAD) – Vetrivel…
The TAX Talk Impact: Date Extended well in advance from 31st July to 15th September – Thanks to Finance Minister Smt. Nirmala Sitharaman
The TAX Talk Impact: Date Extended well in advance from 31st July to 15th September – Thanks to Finance Minister Smt. Nirmala…
Interest on compensation and enhanced compensation is an accretion to the compensation itself and so covered under the head Capital Gains: Kerala HC
Interest on compensation and enhanced compensation is an accretion to the compensation itself and so covered under the head Capital…
“Payable” in section 40(a)(ia) covers even cases where amount is paid & not restricted to amount payable: Jharkhand HC
“Payable” in section 40(a)(ia) covers even cases where amount is paid & not restricted to amount payable: Jharkhand HC …
Only the profit element which is taxable if unrecorded sales are admitted and offered to tax in a survey action due to shortage of stock
Only the profit element which is taxable if unrecorded sales are admitted and offered to tax in a survey action…
Immunity from penalty under section 270AA:
Immunity from penalty under section 270AA: 1. Introduction: Section 270AA of the Income-tax Act, 1961 relates to immunity from…
Capital Gains Account Scheme: Confusion & Clarification (I)
Capital Gains Account Scheme: Confusion & Clarification (I) Any profit arising from transfer of land, building, gold, or any other…
It is the duty of AO to allow all lawful deductions, even if not expressly claimed by the assessee: SC
It is the duty of AO to allow all lawful deductions, even if not expressly claimed by the assessee: SC…
Any authorization issued by an authority lacking such jurisdiction would be liable to be quashed as ultra vires: Raipur ITAT
Any authorization issued by an authority lacking such jurisdiction would be liable to be quashed as ultra vires: Raipur ITAT…
The words ‘and also’ in section 147 cannot be read as being an alternative: Delhi HC
The words ‘and also’ in section 147 cannot be read as being an alternative: Delhi HC The High Court…
Rectification orders U/s 154 not legally permissible if the issue is debatable and not a mistake apparent from the record.
Rectification orders U/s 154 not legally permissible if the issue is debatable and not a mistake apparent from the record.…
GST: Refund can’t be held back on Commissioner’s opinion alone, Twin Conditions Must Be Satisfied:
GST: Refund can’t be held back on Commissioner’s opinion alone, Twin Conditions Must Be Satisfied: Delhi High Court has…
Demonetization Cash Deposits: ITAT Mumbai deleted addition as the books of account was not rejected.
Demonetization Cash Deposits: ITAT Mumbai deleted addition as the books of account was not rejected. Mumbai Tribunal: Aries Agro Ltd…
Expenses not represented by way of Assets – Assessment quashed by Delhi HC as barred by limitation
Expenses not represented by way of Assets – Assessment quashed by Delhi HC as barred by limitation Delhi HC…
No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3): ITAT Cochin
No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3): ITAT Cochin ITAT Cochin has held that no penalty…
Reopening & Reassessment on the same grounds already examined under Section 147 is quashed by Delhi HC
Reopening & Reassessment on the same grounds already examined under Section 147 is quashed by Delhi HC The Delhi…
