Income TaxIT JudgementImpact of CBDT instruction post Abhisar SC Judgement4 Sep at 10:40 am0Impact of CBDT instruction post Abhisar SC Judgement Introduction: The Supreme Court has stated in the case of Abhisar…
Income TaxWhether loss from sale of Shares in off market transaction can be set off against LTCG in stock exchange4 Sep at 5:21 am0Whether loss from sale of Shares in off market transaction can be set off against LTCG in stock exchange …
Income TaxWhether section 80C & 80D deduction can be claimed by filing application U/s 154?2 Sep at 11:06 am0Whether section 80C & 80D deduction can be claimed by filing application U/s 154? Very common issue often arises…
Income TaxOrder passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment afresh: Nagpur ITAT2 Sep at 7:58 am0Order passed without serving the notice on the registered email id of the Assessee- Matter remanded back for making assessment…
IT JudgementIncome received as royalty from India shall be taxed on receipt basis: ITAT Bangalore2 Sep at 5:18 am0Income received as royalty from India shall be taxed on receipt basis: ITAT Bangalore ABB Switzerland Ltd. (ITA…
Income TaxIntroducing Electronic Credit Reversal and Reclaimed statement1 Sep at 7:21 am0Introducing Electronic Credit Reversal and Reclaimed statement “Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022…
Income TaxWhether form 35A verified by the authorized representative (advocate of the Assessee) is legal?1 Sep at 6:23 am0Whether form 35A verified by the authorized representative (advocate of the Assessee) is legal? The Finance Act, 2009 introduced…
Income TaxSerious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded1 Sep at 5:54 am0Serious processing error at CPC, Bengaluru: Numerous erroneous message of proposed adjustment U/s 143(1)(a) forwarded CPC of the Income…
Income TaxFees paid for live transmission of cricket matches is not royalty: ITAT Delhi1 Sep at 5:26 am0Fees paid for live transmission of cricket matches is not royalty: ITAT Delhi Cricket Australia (ITA No.1179/Del/2022) Facts: The…
Income TaxGST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court31 Aug at 9:56 am0GST & Anti Fraud Department Cannot Issue Notices to Lawyers of Alleged Tax Evaders : Calcutta High Court …
Income TaxWhen the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the adjudicatory authority on mere technicalities.31 Aug at 7:59 am0When the substantive law confers a benefit on the assessee under a statute, it cannot be taken away by the…
Income TaxAssessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should not be compelled to pay more taxes than what is due from him30 Aug at 5:20 am0Assessing authorities are bound to compute the correct income, and merely for a procedural lapse on technicalities, the assessee should…
Income TaxAssessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264 and the revisionary authority is bound to consider the same29 Aug at 6:07 am0Assessee having failed to claim exemption under s. 54F, could claim the same by way of revision under s. 264…
Income TaxNostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd29 Aug at 5:44 am0Nostro Account maintenance charges are not Interest U/S 2(28A)ITO v. The Hongkong & Shanghai Banking Corporation Ltd Facts: Revenue…
Income TaxPatna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of tax by selling dealers28 Aug at 10:03 am0Patna High Court tightens the IT Cnorms- Claims of IT by purchasing dealer subjected to strict rigors of payment of…
Income TaxRevisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT28 Aug at 9:47 am0Revisionary jurisdiction by the Pr. CIT solely based on the valuation officer’s report is not justified: Chennai ITAT …
Income TaxResponsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble Andhra Pradesh High Court28 Aug at 6:10 am0Responsibility of Purchaser is limited to the extent of verifying GST Registrstion of the Supplier on GST Portal – Hon’ble…
Income TaxTaxation of Bonus Shares, splitting of Shares & Demerger28 Aug at 5:52 am0Taxation of Bonus Shares, splitting of Shares & Demerger Query 1] I have been allotted the shares of Reliance Jio…