Income TaxFailure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO4 months agoFailure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before…
Income TaxJust Uploading on Portal is not equivalent to Service of Notice – Madras HC4 months agoJust Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
GSTIncome TaxJust Uploading on Portal is not equivalent to Service of Notice – Madras HC4 months agoJust Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
Income TaxInstructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines 4 months agoInstructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…
Income TaxCan a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?4 months agoCan a tax authority levy tax on an amount declared as an income by the assessee, even if that amount…
Income TaxInstructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines4 months agoInstructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…
Income TaxPune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final4 months agoPune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final The…
Income TaxFoundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act4 months agoFoundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act…
Income TaxNotices Incoming for Non-Filers- An action under section 148 in process4 months agoNotices Incoming for Non-Filers- An action under section 148 in process The IT Department has identified non-filers and is…
Income TaxAn addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with direction that the real culprits should be investigated4 months agoAn addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with…
Income TaxAllotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term4 months agoAllotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term…
Income TaxWhen Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses!4 months agoWhen Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses! CBDT’s latest notification…
Income TaxRejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis.4 months agoRejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis. Let us have a Short…
Income TaxCompensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai4 months agoCompensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai Mumbai…
Income TaxUnaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition4 months agoUnaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition Surendra…
Income TaxWhether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C?4 months agoWhether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C? Chhattisgarh High…
Income TaxInterest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount 4 months agoInterest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount …
Income TaxScheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible Assessee4 months agoScheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible…