Common Mistakes to avoid in salary ITR Filing Mistakes
Common Mistakes to avoid in salary ITR Filing Mistakes As the ITR season gains pace, it’s crucial for salaried professionals…
Income Tax
Documents seized during a search can be valid basis for additions, even if they are in the form of personal diaries or informal records.
Documents seized during a search can be valid basis for additions, even if they are in the form of personal…
Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC
Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC …
ITAT Delhi Holds GoDaddy.com’s Revenues Not Taxable in India as Royalty or FTS
ITAT Delhi Holds GoDaddy.com‘s Revenues Not Taxable in India as Royalty or FTS Landmark Ruling: Hon’ble ITAT Delhi Holds GoDaddy.com’s Revenues…
Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty?
Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty? Key Issue:…
Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma
Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma Question: Whether capital gains arising to a non-resident…
ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited
ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited The assessee, a…
ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company
ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company…
A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad
A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad Recently, ITAT Ahmedabad in ITA…
ROC Bangalore imposed penalty of Rs. 2.25 Lakh for failure to make ‘‘Appointment of Internal Auditor’’ u/s 138(1) & (2) r/w Rule 13(1) Of the Companies (Accounts) Rules, 2014
ROC Bangalore imposed penalty of Rs. 2.25 Lakh for failure to make ‘‘Appointment of Internal Auditor’’ u/s 138(1) & (2)…
Cash deposits during Demonetization and explanation of accumulated saving belonging to the family members – Issue before Delhi ITAT
Cash deposits during Demonetization and explanation of accumulated saving belonging to the family members – Issue before Delhi ITAT In…
Section 143(2): When the Taxman Knocks, Should You Panic or Prepare?
Section 143(2): When the Taxman Knocks, Should You Panic or Prepare? It’s that time of the year again – and…
Does Sec 56(2)(x) apply to purchase of rural agricultural land?
Does Sec 56(2)(x) apply to purchase of rural agricultural land? Practical case: 1. Suppose an assessee has purchased a property…
Guidelines for recording reasons for reopening assessments are only a guidance for the AO: Calcutta HC
Guidelines for recording reasons for reopening assessments are only a guidance for the AO: Calcutta HC Principal CIT-9 Kolkata…
ITAT Mumbai dropped non-compliance of penalty of Actress Shilpa Shetty as compliance with notices was done prior to assessment order
ITAT Mumbai dropped non-compliance of penalty of Actress Shilpa Shetty as compliance with notices was done prior to assessment order…
Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act,1961 passed by Competent Authority
Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the…
Reviewing authority, Revisional Authority and Appellate Authority in respect of orders passed by Common Adjudicating Authority (CAA) for show cause notices issued by DGGI
Reviewing authority, Revisional Authority and Appellate Authority in respect of orders passed by Common Adjudicating Authority (CAA) for show cause…
25 Landmark Cases on 80P Deduction for Bank-Deposit Interest
25 Landmark Cases on 80P Deduction for Bank-Deposit Interest Section 80P(2) empowers co-operative credit societies to claim a 100% deduction…
