Non-appointment of at least one woman director on the board under section 149 – ROC imposed fine on 3 companies
Non-appointment of at least one woman director on the board under section 149 – ROC imposed fine on 3 companies…
Income Tax
Intimation under Section 143(1) issued without providing an opportunity to the assessee, violates the principles of natural justice and hence unsustainable: ITAT Banglore.
Intimation under Section 143(1) issued without providing an opportunity to the assessee, violates the principles of natural justice and hence…
Clearance of PF/ESI payment after the due date due to technical glitches/server issues is allowable as deduction: ITAT Ahemedabad
Clearance of PF/ESI payment after the due date due to technical glitches/server issues is allowable as deduction: ITAT Ahemedabad …
VAT Penalties not allowable as Deduction: ITAT Bangalore
VAT Penalties not allowable as Deduction: ITAT Bangalore Recently, ITAT Banglore in the case of Kadharegowda Siddaraju vs ITO…
When Charity is Harder than Business: Stricter Tax Rules for Charitable Trusts
When Charity is Harder than Business: Stricter Tax Rules for Charitable Trusts Running a charitable trust might seem simpler than managing a…
Gift from father and father in law cannot be made taxable on mere technical grounds: ITAT Delhi
Gift from father and father in law cannot be made taxable on mere technical grounds: ITAT Delhi Facts: 1.…
Section 292B could not cure the jurisdictional defect of issuing a notice to a non-existent person.
Section 292B could not cure the jurisdictional defect of issuing a notice to a non-existent person. The Delhi High…
Reopening based on the information received in accordance with the Risk Management Strategy (RMS): Bombay HC dismissed writ petition
Reopening based on the information received in accordance with the Risk Management Strategy (RMS): Bombay HC dismissed writ petition Bombay…
Relinquishment or extinguishment of rights is taxable even without a conventional sale
Relinquishment or extinguishment of rights is taxable even without a conventional sale The Supreme Court in a recent case before…
Input Tax Credit (ITC) cannot be claimed on goods purchased for sales promotions
Input Tax Credit (ITC) cannot be claimed on goods purchased for sales promotions The recent Madras High Court judgment…
Filing an Updated Return under Section 139(8A) of the Income Tax Act, 1961: An overview
Filing an Updated Return under Section 139(8A) of the Income Tax Act, 1961: An overview If any taxpayers has…
Period of limitation should be computed from the date of uploading the order over ITBA
Period of limitation should be computed from the date of uploading the order over ITBA Telangana High Court in…
Satisfactory bills & Vouchers not produced – Denial of entire expenditure not justified while computing capital gain : ITAT Delhi
Satisfactory bills & Vouchers not produced – Denial of entire expenditure not justified while computing capital gain : ITAT Delhi Denial…
The Dilemma of rebate U/s 87A: A Short Overview
The Dilemma of rebate U/s 87A: A Short Overview The IT Act includes a specific carve-out under Section 112A, which…
ITAT lacks power to review orders based on subsequent decision of supreme court: Bombay HC
ITAT lacks power to review orders based on subsequent decision of supreme court: Bombay HC In a significant ruling,…
Amalgamation expenses not to be allowed as business expenses
Amalgamation expenses not to be allowed as business expenses ITAT, Ahemdabad in the case of Ambalal Sarabhai Enterprises Ltd…
Can the authorised officer break open the lock of the door during the course of income tax search proceedings?
Can the authorised officer break open the lock of the door during the course of income tax search proceedings? 1. …
Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter
Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter…
