Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT
Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return…
Income Tax
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT
Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT…
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127
ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127 Hon’ble ITAT,…
TDS not applicable on commission to NRI agents procuring foreign customers
TDS not applicable on commission to NRI agents procuring foreign customers In a recent case, AO made disallowance u/s…
AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68
AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68 Demonetisation Cash…
When sales are accepted as genuine, the corresponding purchases cannot be disallowed unless there is tangible evidence proving manipulation or falsity
When sales are accepted as genuine, the corresponding purchases cannot be disallowed unless there is tangible evidence proving manipulation or…
Buyer can’t be held Liable for Sellers default in Remittance of Collected tax
Buyer can’t be held Liable for Sellers default in Remittance of Collected tax Recently, another landmark judgement has been…
Whether exemption U/s 11 or 10(23C) can be denied during intimation U/s 143(1) solely for the reason that 10B or 10BB was filed belatedly, even though the forms were eventually furnished and were available with the AOr?
Whether exemption U/s 11 or 10(23C) can be denied during intimation U/s 143(1) solely for the reason that 10B or…
Both JAO and FAO have concurrent jurisdiction to initiate reassessment proceedings under section 148
Both JAO and FAO have concurrent jurisdiction to initiate reassessment proceedings under section 148 The petitioners filed an instant…
Condonation of Delay under Section 119(2)(b) – CBDT Circular Cannot Override Substantive Right to Refund: HC
Condonation of Delay under Section 119(2)(b) – CBDT Circular Cannot Override Substantive Right to Refund: HC Santhana Krishnan (WP…
Taxation of Joint Development Agreements (JDAs) in the Context of the New Income Tax Act, 2025:
Taxation of Joint Development Agreements (JDAs) in the Context of the New Income Tax Act, 2025: Introduction: This note…
Madras High Court Quashes Reassessment as Time-Barred and Without Jurisdiction:
Madras High Court Quashes Reassessment as Time-Barred and Without Jurisdiction: Tamilselvi v. ITO Facts: 1. Notices under Sections 148A(b)…
How Nagpur’s Tax Drive Signals a Nationwide Shift in Transparency
How Nagpur’s Tax Drive Signals a Nationwide Shift in Transparency Ever watched one of those crime thrillers where the…
Understanding Tax Exemption and TDS Issues on Land Acquisition Compensation
Understanding Tax Exemption and TDS Issues on Land Acquisition Compensation Introduction: 1. The acquisition of land by Government authorities…
Regulatory Exposure of High-Net-Worth Families under the Black Money Law:
Regulatory Exposure of High-Net-Worth Families under the Black Money Law: Introduction: Black Money (Undisclosed Foreign Income and Assets) and…
MSME Lifeline – New Credit Scheme to Counter 50% US Tariffs
MSME Lifeline – New Credit Scheme to Counter 50% US Tariffs The Ministry of Finance is in the final…
Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing
Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing Balaji Landmarks LLP…
TAX COMPLIANCE TRACKER – NOVEMBER, 2025
Tax Compliance Tracker – November, 2025 Tax Compliance Tracker – November, 2025 1. Compliance requirement under Income Tax act,…
