Can You Have Your Exemption and Carry Forward Losses Too? A 54F Story
Can You Have Your Exemption and Carry Forward Losses Too? A 54F Story In response to my earlier articles published…
Income Tax
Source of source in respect of loans not required to be proved under section 68 of the ITA as it stood prior to 01.04.2023
Source of source in respect of loans not required to be proved under section 68 of the ITA as it…
Guidelines for Compulsory Selection of Returns for Complete Serutiny during the Financial Year 202-26-procedure for compulsory selection in such case
Guidelines for Compulsory Selection of Returns for Complete Serutiny during the Financial Year 202-26-procedure for compulsory selection in such case…
Disallowance of delayed employee contributions to EPF/ESI U/s 36(1)(va) not valid if made by CPC U/s 143(1)(a) as the issue was debatable at that point of time: Chhattisgarh High Court
Disallowance of delayed employee contributions to EPF/ESI U/s 36(1)(va) not valid if made by CPC U/s 143(1)(a) as the issue…
Reopening relying on information flagged by GST department that the supplier is a dummy/non-existent entity quashed by ITAT
Reopening relying on information flagged by GST department that the supplier is a dummy/non-existent entity quashed by ITAT Delhi…
Any attempt to reopen and revive the proceedings-after the limited is legally untenable
Any attempt to reopen and revive the proceedings-after the limited is legally untenable The Hon’ble Delhi High Court has…
If the Commissioner (Appeals) proceeds to decide the appeal on merits without first condoning the delay, such an order is liable to be set aside.
If the Commissioner (Appeals) proceeds to decide the appeal on merits without first condoning the delay, such an order is…
Trent’s Strategic Shift: Balancing Partnerships and Homegrown Strengths
In a dynamic move within the fashion retail sector, Tata’s Trent is adjusting its business strategy by scaling back its…
Invocation of Sec 68/69 in case of transfer from abroad to NRE Accounts:
Invocation of Sec 68/69 in case of transfer from abroad to NRE Accounts: Issue: It is common for NRIs to…
7 additional information and details required in ITR-1 and ITR-4 for A.Y. 2025–26, especially for taxpayers in the Old Regime:
7 additional information and details required in ITR-1 and ITR-4 for A.Y. 2025–26, especially for taxpayers in the Old Regime:…
Once the source of cash is accepted and taxed under Section 269SS, second addition under Section 69A on the same amount is impermissible and amounted to double taxation.
Once the source of cash is accepted and taxed under Section 269SS, second addition under Section 69A on the same…
Purchase price of alleged penny stock cannot be disputed in year of sale of such stock.
Purchase price of alleged penny stock cannot be disputed in year of sale of such stock. Purchase price of…
There is no requirement to file the books of account and vouchers if assessee has income u/s 44AD
There is no requirement to file the books of account and vouchers if assessee has income u/s 44AD Where…
Purchasers cannot be left at the mercy of the seller as they can also not compel the selling dealer to file the return within stipulated time and deposit the tax Collected.
Purchasers cannot be left at the mercy of the seller as they can also not compel the selling dealer to file…
Notice under Section 148 Issued by Jurisdictional AO Instead of Following Faceless Assessment Scheme: ITAT Quashed the proceeding
Notice under Section 148 Issued by Jurisdictional AO Instead of Following Faceless Assessment Scheme: ITAT Quashed the proceeding ITAT…
Claim Based on Prevailing HC Ruling Not Inaccurate: ITAT Quashes Penalty Under Section 271(1)(c)
Claim Based on Prevailing HC Ruling Not Inaccurate: ITAT Quashes Penalty Under Section 271(1)(c) The assessee, Intervalve Poonawalla Pvt.…
Reassessment quashed as no addition is made on the basis of the reason recorded for reopening
Reassessment quashed as no addition is made on the basis of the reason recorded for reopening Tax Tribunal Quashes Reassessment…
Order u/s 119(2)(a) of the Income-tax Act,1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond the prescribed time limit
Order u/s 119(2)(a) of the Income-tax Act,1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond…
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