Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad
Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad The Indian Income Tax Act, 1961 provides a…
Income Tax
ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)
ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii) The Revenue filed an appeal before the Hon’ble…
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before…
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…
Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?
Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount…
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines
Instructions to ease out GST Registration issued – Officers instructed to adhere to the guidelines Tired of inconsistent document…
Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final
Pune ITAT allows the taxation of profit Element in Unrecorded Sales – Held that admission isn’t Always Final The…
Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act
Foundational requirement for processing a return under Section 143(1) is that such return must be valid as per the Act…
Notices Incoming for Non-Filers- An action under section 148 in process
Notices Incoming for Non-Filers- An action under section 148 in process The IT Department has identified non-filers and is…
An 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 investigated
An addition of ₹ 10.33 Cr as commission income in the hands of the Auto Rickshaw Driver – ITAT Deleted addition with…
Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term
Allotment date & not registration date is relevant for determining the holding period for capital Assets as Long-Term or Short-Term…
When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses!
When Luxury Meets Tax: CBDT’s New TCS Rules for Watches, Home Theatres — and Even Horses! CBDT’s latest notification…
Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis.
Rejection of Books of Accounts: The profit estimation cannot be arbitrary or without any basis. Let us have a Short…
Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai
Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai Mumbai…
Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition
Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition Surendra…
Whether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C?
Whether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C? Chhattisgarh High…
