Conversion of Proprietorship to Private Limited Company: Compliance and Conditions
Conversion of Proprietorship to Private Limited Company: Compliance and Conditions When a sole proprietorship is converted into a private…
Income Tax
Ad-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi
Ad-hoc disallowances without rejection of books and without pinpointing specific defects are unsustainable: ITAT Delhi The Income Tax Appellate…
Failure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh
Failure to regularize the appointment of additional Director – ROC Kanpur imposed a penalty of Rs. 6 Lakh In…
Wrong Facts, No Jurisdiction! Patna HC Cancels Reassessment Initiated on False Premise”
Wrong Facts, No Jurisdiction! Patna HC Cancels Reassessment Initiated on False Premise Recently, Patna HC cancelled the re-assessment Initiated on…
Key Changes in ITR Forms for AY 2025–26
Key Changes in ITR Forms for AY 2025–26 The Income Tax Department has notified several important updates in ITR…
An overview of key changes in the ITR-1 & ITR-4 for AY 2025-26
An overview of key changes in the ITR-1 & ITR-4 for AY 2025-26 1. Capital Gains Relief for…
Unregistered agreement to sale in one financial year and sale deed in another financial year – Year of Taxation?
Unregistered agreement to sale in one financial year and sale deed in another financial year – Year of Taxation? …
NFAC should have considered the amended Form No.35 and the amalgamation facts brought on record, rather than dismissing the appeal outright: ITAT Delhi
NFAC should have considered the amended Form No.35 and the amalgamation facts brought on record, rather than dismissing the appeal…
Assessment order quashed as the notice issued under Section 148A(b) provided a response time of less than 7 days – Bengaluru ITAT
Assessment order quashed as the notice issued under Section 148A(b) provided a response time of less than 7 days –…
Revenue cannot deny exemption without adequate inquiry or evidence of excessive payments: ITAT
Revenue cannot deny exemption without adequate inquiry or evidence of excessive payments: ITAT Dy. CIT(E) vs. Pardada Pardadi Educational…
Form 15H, Senior Citizens, and the ₹12 Lakh Rebate: Tax Tips for FY 2025–26
Form 15H, Senior Citizens, and the ₹12 Lakh Rebate: Tax Tips for FY 2025–26 Query 1] In the New Tax…
Delay in procedural compliance (filing Form 67) does not amount to misreporting under Section 270A(9)
Delay in procedural compliance (filing Form 67) does not amount to misreporting under Section 270A(9) ITAT Visakhapatnam decision in…
Can the Income Tax Department use electronic evidence in assessments or appeals without a Section 65B certificate of the Indian Evidence Act ?
Can the Income Tax Department use electronic evidence in assessments or appeals without a Section 65B certificate of the Indian…
Notice u/s 148 served on the old email-id of the Assessee or wrong address is invalid
Notice u/s 148 served on the old email-id of the Assessee or wrong address is invalid ITAT Delhi recently in…
Section 65B of the Indian Evidence Act, 1872 does not apply to assessment proceedings under the Income Tax Act, 1961.
Section 65B of the Indian Evidence Act, 1872 does not apply to assessment proceedings under the Income Tax Act, 1961.…
Stock in trade cannot be subject matter of addition u/s 56(2)(viia) as it is outside the meaning of the word ‘property’ as provided in clause (vii) : Mumbai ITAT
Stock in trade cannot be subject matter of addition u/s 56(2)(viia) as it is outside the meaning of the word…
CIT(A) is duty bound to follow his predecessors order on similar issue decided in another case: Mumbai ITAT
CIT(A) is duty bound to follow his predecessors order on similar issue decided in another case: Mumbai ITAT ITAT…
PMLA accused has a right to get copies of material not even relied on by ED: SC
PMLA accused has a right to get copies of material not even relied on by ED: SC Sarla Gupta…
