Income TaxEvery loss of revenue as a consequence of an order of Assessing Officer cannot be treated as prejudicial to interests of revenue4 years agoEvery loss of revenue as a consequence of an order of Assessing Officer cannot be treated as prejudicial to interests…
Income Tax“Members” is not defined in the Income-tax Act – Expression “Members” need to extracted from concerned co-operative societies Act for the purpose of Section 80P(2)(a)(i)4 years ago“Members” is not defined in the Income-tax Act – Expression “Members” need to extracted from concerned co-operative societies Act for…
Income TaxBlocking under Rule 86A & Bombay HC in the case of Dee Vee Projects Ltd: Short Overview4 years agoBlocking under Rule 86A & Bombay HC in the case of Dee Vee Projects Ltd: Short Overview The key points…
Income TaxDeduction not allowed to cooperative societies for interest received from banks: ITAT 4 years agoDeduction not allowed to cooperative societies for interest received from banks: ITAT Krishnarajapet Taluk Agri Pro Co-op Marketing Society…
Income TaxFirms which have undertaken Statutory Audit of enterprises whose equity or debt securities are listed in India or abroad covered under Peer Review Process 4 years agoFirms which have undertaken Statutory Audit of enterprises whose equity or debt securities are listed in India or abroad covered…
Income TaxNew “Tax Credit Mismatch” feature introduced in the New Income Tax Portal 4 years agoNew “Tax Credit Mismatch” feature introduced in the New Income Tax Portal The features in the new income tax…
Income TaxSeized documents along with statement recorded u/s 133A constitute valid piece of evidence, which can be used in assessing undisclosed income4 years agoSeized documents along with statement recorded u/s 133A constitute valid piece of evidence, which can be used in assessing undisclosed…
Income TaxAssessee unable to present its case properly before the AO or before the CIT(A) due to old age: Whether case can be remanded?4 years agoAssessee unable to present its case properly before the AO or before the CIT(A) due to old age: Whether case…
Income TaxTransfer Pricing Issue: AO was not justified in re-characterising the transaction of issue of debentures/CCDs as that of equity shares4 years agoTransfer Pricing Issue: AO was not justified in re-characterising the transaction of issue of debentures/CCDs as that of equity shares…
Income TaxRel Home Finance Ltd: How funds are diverted to promoters pocket – An order worth reading 4 years agoRel Home Finance Ltd: How funds are diverted to promoters pocket – An order worth reading This 100 pg order…
Income TaxWhether immunity from disallowance of expenses on account of non/short deduction of taxes can be granted if assessee/payer furnishes certificate in prescribed form No. 26A?4 years agoWhether immunity from disallowance of expenses on account of non/short deduction of taxes can be granted if assessee/payer furnishes certificate…
Income TaxValidity of deduction towards depreciation on intangible assets 4 years agoValidity of deduction towards depreciation on intangible assets KONTOOR BRANDS PVT LTD IT (TP) A No. 1285/Bang/2017 Short Overview of…
IT JudgementCIT – Appeal has the jurisdiction to entertain additional claims made before them4 years agoCIT – Appeal has the jurisdiction to entertain additional claims made before them Short Overview The claim for deduction under…
Income TaxCapital gains & Capital assets Vs Agricultural land outside municipal limits4 years agoCapital gains & Capital assets Vs Agricultural land outside municipal limits Short Overview Consideration received on sale of agricultural land in…
Income TaxAcquisition and transfer of immovable property by NRIs in India?4 years agoAcquisition and transfer of immovable property by NRIs in India? Author Balwant Jain Reserve Bank of India (RBI)…
Income TaxTwo views possible: CIT cannot treat order as erroneous if AO has consciously adopted one view4 years agoTwo views possible: CIT cannot treat order as erroneous if AO has consciously adopted one view Here is an interesting…
Income TaxNotice u/s 148 issued by getting approval 15 minutes prior to issuance, Entire proceeding quashed by Bombay HC4 years agoNotice u/s 148 issued by getting approval 15 minutes prior to issuance, Entire proceeding quashed by Bombay HC IN THE…
Income TaxRevisiting the 15 GST Proposals in Finance Bill 2022: An overview4 years agoRevisiting the 15 GST Proposals in Finance Bill 2022: An overview 1. Time-limit to avail ITC u/s 16(4) extended till…