Income TaxOLD BUT AN IMPORTANT CLARIFICATION15 Jun at 1:17 am0OLD BUT AN IMPORTANT CLARIFICATION Stipend received by resident doctors during post graduation bond period is in nature of…
Income TaxSearch u/s 132 has been invalidated as satisfaction note being general in nature14 Jun at 2:28 am0Search u/s 132 has been invalidated as satisfaction note being general in nature The foundation to exercise the power…
Income TaxLegal precedents on Ad- Hoc Disallowances:13 Jun at 1:29 am0Legal precedents on Ad- Hoc Disallowances: A.Examples of ad hoc disallowances made by the Assessing Officer: 1. Disallowances of…
Income TaxAssessment Order cannot be passed in the name of a non existent entity: ITAT Mumbai11 Jun at 1:24 am0Assessment Order cannot be passed in the name of a non existent entity: ITAT Mumbai M/s. Patil Construction and…
Income TaxWhile reopening the case U/S 148, the AO must be subjectively satisfied that income which was taxable has in fact escaped assessment: Delhi HC10 Jun at 3:11 am0While reopening the case U/S 148, the AO must be subjectively satisfied that income which was taxable has in fact…
Income TaxOld vs. New Tax Regime: An Overview of Key Exemptions, Deductions and Income10 Jun at 1:31 am0Old vs. New Tax Regime: An Overview of Key Exemptions, Deductions and Income The New Tax Regime (NTR) has…
Income TaxIT JudgementHow to claim deduction under Section 80G8 Jun at 7:05 am0How to claim deduction under Section 80G Contributions made to certain relief funds and charitable institutions can be claimed as…
GSTIncome TaxKerala HC Extends ITC Deadline to November 30 In Each Financial Year From Beginning Of GST Regime8 Jun at 6:52 am0Kerala HC Extends ITC Deadline to November 30 In Each Financial Year From Beginning Of GST Regime Another decision…
IT JudgementWhether Intimation u/s 143(1) can be subject matter of revision u/s 264 of Income-tax Act,1961?8 Jun at 4:02 am0Whether Intimation u/s 143(1) can be subject matter of revision u/s 264 of Income-tax Act,1961? Delhi High Court in…
Income TaxIT JudgementEx-parte order was passed by NFAC in case of an Illitrate and agriculturist Assessee quashed & restored back to AO in light of principles of natural justice.8 Jun at 3:40 am0Ex-parte order was passed by NFAC in case of an Illitrate and agriculturist Assessee quashed & restored back to AO…
GSTIncome TaxSOP for GST Registration Verification issued by Tamil Nadu GST Commissionerate8 Jun at 1:54 am0SOP for GST Registration Verification issued by Tamil Nadu GST Commissionerate Tamil Nadu Commissionerate Issues SOP for GST Registration…
Income TaxRental income received from letting out of building along with furniture, fixtures, etc., would be taxable under the head ‘Income from other sources’7 Jun at 4:30 am0Rental income received from letting out of building along with furniture, fixtures, etc., would be taxable under the head ‘Income…
Income TaxExpenses incurred towards interior decoration work of rented office premises is allowable as Revenue Expenditure: Kolkata ITAT5 Jun at 2:04 am0Expenses incurred towards interior decoration work of rented office premises is allowable as Revenue Expenditure: Kolkata ITAT Recenlty, ITAT…
Income TaxCIT(A) is not empowered to dismiss the appeal for non-prosecution5 Jun at 1:46 am0CIT(A) is not empowered to dismiss the appeal for non-prosecution ITAT Pune in the case of YORK TRANSPORT EQUIPMENT…
Income TaxIn the absence of intention to evade tax, penalty order under section 129(3) is liable to be quashed4 Jun at 7:10 am0In the absence of intention to evade tax, penalty order under section 129(3) is liable to be quashed In a…
Income TaxThe amount received by the employee as a one – time voluntary payment in lieu of ESOPs of foreign parent of the employer do not form part of salary under Section 174 Jun at 6:39 am0The amount received by the employee as a one – time voluntary payment in lieu of ESOPs of foreign parent…
Income TaxTaxpayers can’t be penalized for failure to get its Book of Accounts audited if there exists reasonable cause for such failure: Jaipur ITAT4 Jun at 2:51 am0Taxpayers can’t be penalized for failure to get its Book of Accounts audited if there exists reasonable cause for such…
Income TaxDelhi ITAT quashed assessment passed without application of mind as approving Authority has acted as mere rubber stamp while granting approval u/s 153D4 Jun at 2:14 am0Delhi ITAT quashed assessment passed without application of mind as approving Authority has acted as mere rubber stamp while granting…