Enhancement of assessment by CIT(A) on a new source of income could not be upheld
Enhancement of assessment by CIT(A) on a new source of income could not be upheld Short Overview : Enhancement of assessment…
Income Tax
Condonation of delay of 368 days in filing appeal before Tribunal: Documents misplaced by Staff
Condonation of delay of 368 days in filing appeal before Tribunal: Documents misplaced by Staff Short Overview : Since assessee was…
Validity of Penalty under section 271(1)(b) if Assessee did not comply with notice under section 142(1) but Assessment order was passed under section 143(3), and not under section 144
Validity of Penalty under section 271(1)(b) if Assessee did not comply with notice under section 142(1) but Assessment order was…
If no cash is involved in the transactions and transactions is done by way of journal entries then AO is not justified in making addition u/s 68
If no cash is involved in the transactions and transactions is done by way of journal entries then AO is…
Whether a lower rate of TCS is applicable on the tour operator & foreign remittances?
Whether a lower rate of TCS is applicable on the tour operator & foreign remittances? Opinion: The tour & travel…
Validity of Assessment if ‘limited scrutiny’ shifted to ‘complete scrutiny’ without Prior approval of Principal Commissioner/Commissioner
Validity of Assessment if ‘limited scrutiny’ shifted to ‘complete scrutiny’ without Prior approval of Principal Commissioner/Commissioner Short Overview : AO was…
No incriminating material found during search–Unabated assessment cannot be disturbed
No incriminating material found during search–Unabated assessment cannot be disturbed Short Overview Where regular assessment for the year under consideration remained…
Landmark Judgment: Validity of Addition under section 68 towards Cash deposits in bank account if Assessee is not required to maintain books of account under section 44AD
Landmark Judgment : Validity of Addition under section 68 towards Cash deposits in bank account if Assessee is not required…
No need of vat audit in Maharashtra if the tax liability is less than 25000/-
No need of vat audit in Maharashtra if the tax liability is less than 25000/- 61. Accounts to be audited…
Income Tax Raid at Kolkata: Undisclosed cash sales, Bogus expenses etc amounting to Rs. 450 Cr
Income Tax Raid at Kolkata: Undisclosed cash sales, Bogus expenses etc amounting to Rs. 450 Cr. …
Amount of Remuneration prescribed under section 9A(3)(m) of Income-tax Act, 1961
Amount of Remuneration prescribed under section 9A(3)(m) of Income-tax Act, 1961 …
Expenditure incurred by the assessee towards replacement of machinery with new machinery constitutes a capital expenditure.
Expenditure incurred by the assessee towards replacement of machinery with new machinery constitutes a capital expenditure. Short Overview of the…
Levy of tax: Mobilisation advance received prior to implementation of GST
Levy of tax: Mobilisation advance received prior to implementation of GST IN THE AUTHORITY FOR ADVANCE RULING, TAMILNADU BENCH MANASA…
Form No. 10 IC filed for opting section 115BAA can be cancelled so as to opt for Section 115BA?
Form No. 10 IC filed for opting section 115BAA can be cancelled so as to opt for Section 115BA? Query…
Loss of stock due to fire: Forget Insurance, it is allowable as deduction in the year in which loss occurred
Loss of stock due to fire: Forget Insurance, it is allowable as deduction in the year in which loss occurred…
Landmark Judgment by Jaipur ITAT: No disallowance u/s 40A(3) if identity of sellers & source of cash payment were established.
Landmark Judgment by Jaipur ITAT: No disallowance u/s 40A(3) if identity of sellers & source of cash payment were established.…
Benefit of Sec. 54G exemption isn’t available if land was notified as urban land after its sale: High Court
Benefit of Sec. 54G exemption isn’t available if land was notified as urban land after its sale: High Court Fabsun…
No Covid Cess Please: Introduce Return Filing Fee as an Alternative
No Covid Cess Please: Introduce Return Filing Fee as an Alternative India had recently granted emergency use authorization to two…
