Structural Change in the Income-Tax Bill, 2025
Structural Change in the Income-Tax Bill, 2025 The Income-Tax Bill, 2025 is a proposed new legislation aimed at replacing the…
Income Tax
Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change of Opinion – ITAT Ahmedabad
Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change…
New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax Bill, 2025
New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax…
For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court
For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court Trusts, Registration,…
Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra ITAT
Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra…
Admissibility of Additional claim during Assessment Proceeding- Whether tenable?
Admissibility of Additional claim during Assessment Proceeding- Whether tenable? If assessee has made any additional claim during the course…
Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India
Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India Delhi Tribunal in…
Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name
Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name In…
Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order
Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order In a crucial ruling, Andhra Pradesh HC Quashes…
Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment or remittance
Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment…
New requirements asked in Income Tax scrutiny
New requirements asked in Income Tax scrutiny The Copy of the Annexure is as under: WhatsApp Image 2025-02-26 at…
Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees?
Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees? …
No Penalty for Debatable Tax Claims Made in Good Faith: ITAT Chennai
No Penalty for Debatable Tax Claims Made in Good Faith: ITAT Chennai The ITAT Chennai quashed the 200% penalty…
Interpretation of “First Offence” under the 2014 Guidelines by the Apex Court
Interpretation of “First Offence” under the 2014 Guidelines by the Apex Court In a case before Supreme court in Vinubhai…
If any third-party search (u/s 132) reveals incriminating material related to an assessee, the department should proceed under section 153C, rather than invoking section 147/148.
If any third-party search (u/s 132) reveals incriminating material related to an assessee, the department should proceed under section 153C,…
All the offences committed prior to issuance of show cause notice/intimation for launching of prosecution falls within the purview of “first offence”: Supreme Court
All the offences committed prior to issuance of show cause notice/intimation for launching of prosecution falls within the purview of…
Validity of reopening of Assessment done by passing order u/s 148A(d) after 3 years, though notice u/s 148A(b) was issued within 3 years
Validity of reopening of Assessment done by passing order u/s 148A(d) after 3 years, though notice u/s 148A(b) was issued…
Income Tax Bill 2025: ‘Notwithstanding’ Vs. ‘Irrespective Of’
Income Tax Bill 2025: ‘Notwithstanding’ Vs. ‘Irrespective Of’ As far as GAAR provisions (Chapter XI ) in the Income…
