Exemption Under section 54F admissible even if the payment is done by third-Party
Exemption Under section 54F admissible even if the payment is done by third-Party Key Facts: a. The assessee surrendered…
Income Tax
Supreme Court Dismisses SLP in JAO–FAO Jurisdiction Case: Revenue Seeks Revival Amidst 700+ Similar Matters
Supreme Court Dismisses SLP in JAO–FAO Jurisdiction Case: Revenue Seeks Revival Amidst 700+ Similar Matters In a key development surrounding…
No disallowance under Section 143(1)(a) can be made towards delayed ESI and EPF contributions as the issue was highly debatable
No disallowance under Section 143(1)(a) can be made towards delayed ESI and EPF contributions as the issue was highly debatable…
Entire amount of bogus purchases cannot be disallowed – ITAT Ahmadabad distinguishes Bombay HC decision
Entire amount of bogus purchases cannot be disallowed – ITAT Ahmadabad distinguishes Bombay HC decision Hon’ble Bombay HC has…
Non speaking dismissal of the SLP by the SC – JAO Vs. FAO Controversy to continue
Non speaking dismissal of the SLP by the SC – JAO Vs. FAO Controversy to continue The matter pertains…
JAO Vs. FAO Controversy: Bombay HC again followed Hexaware Technology decision – Rejected department contention that it is pending before Supreme Court
JAO Vs. FAO Controversy: Bombay HC again followed Hexaware Technology decision – Rejected department contention that it is pending before…
बोगस खरीद पर पूरी राशि नहीं, सिर्फ लाभांश टैक्स के दायरे में: ITAT का अहम फैसला
बोगस खरीद पर पूरी राशि नहीं, सिर्फ लाभांश टैक्स के दायरे में: ITAT का अहम फैसला आयकर अपीलीय न्यायाधिकरण,…
Bombay High Court Quashes Assessment Order: Right to Video Conferencing During Tax Proceedings Upheld
Bombay High Court Quashes Assessment Order: Right to Video Conferencing During Tax Proceedings Upheld In a significant judgment for taxpayers,…
Mere Non-Response to Section 133(6) Notices Cannot Justify Addition: A Landmark Ruling by ITAT Mumbai
Mere Non-Response to Section 133(6) Notices Cannot Justify Addition: A Landmark Ruling by ITAT Mumbai Case: ITO vs. M/s. Gold…
Issuance of notice under section 148 in faceless manner is mandatory: SLP filed by Income Tax Department dismissed by SC
Issuance of notice under section 148 in faceless manner is mandatory: SLP filed by Income Tax Department dismissed by SC…
Delhi High Court on Reassessment Proceedings: AO Cannot Review Own 148A(d) Order; Time-Bar under Section 149 Applies
Delhi High Court on Reassessment Proceedings: AO Cannot Review Own 148A(d) Order; Time-Bar under Section 149 Applies The recent…
CBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.
CBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.…
If order under section 263 quashed by ITAT, assessment done pursuant to section 263 doesn’t not survive. Filing of appeal by department at HC do not change the position
If order under section 263 quashed by ITAT, assessment done pursuant to section 263 doesn’t not survive. Filing of appeal…
Legal strategies for avoiding clubbing of income
Legal strategies for avoiding clubbing of income Clubbing provisions are anti-avoidance rules under the Income Tax Act, 1961, mainly covered…
10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai
10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai NFAC Vs NRB Developers (ITA No.5352/Mum/2024 & 5218/Mum/2024)…
Supreme Court Dismisses SLP in Faceless Reassessment Row: A Landmark Moment for Section 148 Proceedings
Supreme Court Dismisses SLP in Faceless Reassessment Row: A Landmark Moment for Section 148 Proceedings Introduction In one of…
Tax Refund Mafia & The Case of the Ghost Landlord: AI Strikes Again [Part – I]
Tax Refund Mafia & The Case of the Ghost Landlord: AI Strikes Again [Part – I] If you thought the Income…
Notices issued under section 148 by JAO & not FAO are invalid – Madras HC follows Bombay HC in Hexaware Technology
Notices issued under section 148 by JAO & not FAO are invalid – Madras HC follows Bombay HC in Hexaware…
