Income Tax

Validity of additions u/s 68 on the basis of suspicion if the assessee discharges initial onus of establishing creditworthiness of donors & genuineness of transactions

4 years ago

Validity of additions u/s 68 on the basis of suspicion if the assessee discharges initial onus of establishing creditworthiness of…

Income Tax

No opportunity of cross examination given despite categorically demanding it- ITAT deleted the addition

4 years ago

No opportunity of cross examination given despite categorically demanding it- ITAT deleted the addition ITAT Delhi in the case…

Income Tax

CBDT amends Income Tax rule 2F, rule 8B and introduces new FORM NO. 5B

4 years ago

CBDT amends Income Tax rule 2F, rule 8B and introduces new FORM NO. 5B CBDT amends Income Tax rule 2F, rule…

Income Tax

Constitution of Dispute Resolution Committee & Application for resulutiaon of dispute before Dispute Resolution Panel

4 years ago

Constitution of Dispute Resolution Committee & Application for resulutiaon of dispute before Dispute Resolution Panel CBDT notifies vide Notification No.…

Income Tax

Whether mere endorsement of the Bank “payment stopped” is sufficient to entertain the complaint u/s 138 of NI Act?

4 years ago

Whether mere endorsement of the Bank “payment stopped” is sufficient to entertain the complaint u/s 138 of NI Act? …

Bank Audit Income Tax

Auditors may have to explain why they quit

4 years ago

Auditors may have to explain why they quit

Income Tax

Failure of the AO to issue notice u/s 143(2), prior to finalising the assessment order, cannot be condoned by referring to Section 292BB of the Act.

4 years ago

Failure of the AO to issue notice u/s 143(2), prior to finalising the assessment order, cannot be condoned by referring…

Income Tax

Stay of demand can be granted even without payment of 20% of the tax demand

4 years ago

Stay of demand can be granted even without payment of 20% of the tax demand Hon’ble High Court of Gujarat…

Income Tax

Delay in issue of Refund- Why interest should not be recovered erring Officer? – Bombay High Court

4 years ago

Delay in issue of Refund- Why interest should not be recovered erring Officer? – Bombay High Court In a landmark…

Income Tax

Reopening merely on the basis of information without proper efforts to find out the veracity and authenticity of information and corroborative evidence/material thereto is not valid

4 years ago

Reopening merely on the basis of information without proper efforts to find out the veracity and authenticity of information and…

Income Tax

“Less than 24 hours of Show Cause Notice is violation of the principle of Natural Justice- Writ admitted by the High Court against assessment order.

4 years ago

“Less than 24 hours of Show Cause Notice is violation of the principleof Natural Justice- Writ admitted by the High…

Income Tax

Whether the sale of a corporate debtor as a “Going concern” in liquidation proceedings includes its liabilities?

4 years ago

Whether the sale of a corporate debtor as a “Going concern” in liquidation proceedings includes its liabilities? Author CS…

Income Tax

Re-assessment notice issued without prior approval of jurisdictional CIT contravenes mandate of Section 151(2) and is invalidate

4 years ago

Re-assessment notice issued without prior approval of jurisdictional CIT contravenes mandate of Section 151(2) and is invalidate Banglore ITAT…

Income Tax

“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi

4 years ago

“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi The Hon’ble ITAT…

Income Tax

The ICSI lauds the efforts of the Government of India

4 years ago

The ICSI lauds the efforts of the Government of India The Institute of Company Secretaries of India appreciates the…

Income Tax

significant observations and recommendations emanating out of the Performance Audit conducted on ‘Functioning of Unique Identification Authority of India’ by CAG

4 years ago

significant observations and recommendations emanating out of the Performance Audit conducted on ‘Functioning of Unique Identification Authority of India’ by…

Income Tax

Crypto Currency –Investability,Legality and Taxability

4 years ago

Crypto Currency –Investability,Legality and Taxability Author CA Vivek Shah Ever since its inception,…

Whethe Tax exemption promised can be withdrawn by subsequent notification under the Kerala State Sales Tax Act?

Income Tax

Whether Tax exemption promised can be withdrawn by subsequent notification under the Kerala State Sales Tax Act?

4 years ago

Whether Tax exemption promised can be withdrawn by subsequent notification under the Kerala State Sales Tax Act? In Augustan Textile Colours…

Income Tax

Validity of additions u/s 68 on the basis of suspicion if the assessee discharges initial onus of establishing creditworthiness of donors & genuineness of transactions

No opportunity of cross examination given despite categorically demanding it- ITAT deleted the addition

CBDT amends Income Tax rule 2F, rule 8B and introduces new FORM NO. 5B

Constitution of Dispute Resolution Committee & Application for resulutiaon of dispute before Dispute Resolution Panel

Whether mere endorsement of the Bank “payment stopped” is sufficient to entertain the complaint u/s 138 of NI Act?

Auditors may have to explain why they quit

Failure of the AO to issue notice u/s 143(2), prior to finalising the assessment order, cannot be condoned by referring to Section 292BB of the Act.

Stay of demand can be granted even without payment of 20% of the tax demand

Delay in issue of Refund- Why interest should not be recovered erring Officer? – Bombay High Court

Reopening merely on the basis of information without proper efforts to find out the veracity and authenticity of information and corroborative evidence/material thereto is not valid

“Less than 24 hours of Show Cause Notice is violation of the principle of Natural Justice- Writ admitted by the High Court against assessment order.

Whether the sale of a corporate debtor as a “Going concern” in liquidation proceedings includes its liabilities?

Re-assessment notice issued without prior approval of jurisdictional CIT contravenes mandate of Section 151(2) and is invalidate

“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi

The ICSI lauds the efforts of the Government of India

significant observations and recommendations emanating out of the Performance Audit conducted on ‘Functioning of Unique Identification Authority of India’ by CAG

Crypto Currency –Investability,Legality and Taxability

Whether Tax exemption promised can be withdrawn by subsequent notification under the Kerala State Sales Tax Act?

Recent Posts

Recent Posts

Sign Up to New letter