Income TaxNo violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)5 years agoNo violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)…
Income TaxNo penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency5 years agoNo penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency Mumbai ITAT…
Income TaxAppreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd5 years agoAppreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd…
Income TaxIncome Tax Return filing Fees may be introduced by Budget – 2022?5 years agoIncome Tax Return filing Fees may be introduced by Budget – 2022? Finance Minister Nirmala Sitharaman is seeking suggestions…
Income TaxUnsecured Loans: If assessing Officer had already made detailed enquiries in respect of loan received by assessee, Revision order deserved to be set aside5 years agoUnsecured Loans: If assessing Officer had already made detailed enquiries in respect of loan received by assessee, Revision order deserved…
Income TaxPayment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be genuine5 years agoPayment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be…
Income TaxFaceless assessment does not take away the right to personal hearing: Delhi HC5 years agoFaceless assessment does not take away the right to personal hearing: Delhi HC BHARAT ALUMINIUM COMPANY LTD (W.P.(C) 14528/2021 &…
Income TaxMFN clause will prevail over TDS rates mentioned in DTAA: Delhi HC5 years agoMFN clause will prevail over TDS rates mentioned in DTAA: Delhi HC Deccan Holdings B V ([2021] 133 taxmann. com…
Income TaxSLP filed in Supreme Court against order of Allahabad High Court quashing reassessment notices u/s 1485 years agoSLP filed in Supreme Court against order of Allahabad High Court quashing reassessment notices u/s 148 As expected, the department…
GSTIncome TaxGujarat High Court quashed the Confiscation Notice GST MOV-10: Held that goods in transit cannot be confiscated on the grounds of Under-valuation and Wrong Route.5 years agoGujarat High Court quashed the Confiscation Notice GST MOV-10: Held that goods in transit cannot be confiscated on the grounds…
Income TaxImportance of giving opportunity of personal hearing during Faceless Assessment 5 years agoImportance of giving opportunity of personal hearing during Faceless Assessment Delhi High Court in the case of Bharat Aluminium Co…
Income TaxUpcoming functionality – Interest Calculator in GSTR-3B5 years agoUpcoming functionality – Interest Calculator in GSTR-3B 1.As a facilitation measure for taxpayers & for assisting the taxpayers in doing…
Income TaxGujarat HC asked CBDT to extend the audit report filing date to 15th March if technical glitches continues 5 years agoGujarat HC asked CBDT to extend the audit report filing date to 15th March if technical glitches continues COURT ASKED…
Income TaxDGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held5 years agoDGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held Ministry of Finance DGGI Officials…
Income TaxAmount of Rs. 2.50 Lakh deposited by senior citizen of 80 years of age cannot be doubted considering his past returns: ITAT Bangalore5 years agoAmount of Rs. 2.50 Lakh deposited by senior citizen of 80 years of age cannot be doubted considering his past…
Income TaxAppreciation in the value of the Foreign Exchange and its Taxation5 years agoAppreciation in the value of the Foreign Exchange and its Taxation The international tour & travels are on the…
Income TaxNo more Expenditure Tax Please- No more trial & Error Please5 years agoNo more Expenditure Tax Please- No more trial & Error Please Finance Minister Nirmala Sitharaman is seeking suggestions from…
Income TaxITAT cautions careless taxpayers that wild & baseless allegations against CIT(A) with self-certification as ‘hapless victim’ will not help them5 years agoITAT cautions careless taxpayers that wild & baseless allegations against CIT(A) with self-certification as ‘hapless victim’ will not help them…