No additions if AO failed to show nexus between documents seized during search of third person and assessee
No additions if AO failed to show nexus between documents seized during search of third person and assessee [2019] 109 taxmann.com 202…
Income Tax
Lowest Income Tax Rate of 17.16% for New Manufacturing Companies
Lowest Income Tax Rate of 17.16% for New Manufacturing Companies A new section 115BAB is introduced in the Income Tax…
No hearing opportunity required if corrigendum issued to levy penalty under different sec. had no major impact.
No hearing opportunity required if corrigendum issued to levy penalty under different sec. had no major impact. Ramgopal Ochhavlal Maheshwari…
Whether to continue with the old rate or opt for new rate: A Comparison Tax Rate chart
Whether to continue with the old rate or opt for new rate: A Comparison Tax Rate chart Taxpayer now need…
Faceless & Jurisdiction free e-assessment scheme notified by CBDT
Faceless & Jurisdiction free e-assessment scheme notified by CBDT CBDI has finally notified the Income Tax E-assessment Scheme, 2019 w.e.f. 12th September,…
Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An excellent judgment by ITAT Chandigarh.
Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An…
Once the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction will be available
Once the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction…
Income tax Benefit on Royalty Income of Indian Resident
Income tax Benefit on Royalty Income of Indian Resident There are lot of deductions which are not claimed by the…
e-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT
e-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT
Transfer order of Pr.C CIT’s & CIT’s to the regional E assessment center
Transfer order of Pr.C CIT’s & CIT’s to the regional E assessment center ReACs - Pr.CITs & CITs..
Genuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend
Genuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend Agencies Rajasthan (P.) Ltd.…
Explanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and validity of addition during income tax assessment
Explanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and…
A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under Section 25 of the companies Act.
A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under…
Capital Gain Exemption : New residential house need not be purchased by the assessee in his own name
Capital Gain Exemption : New residential house need not be purchased by the assessee in his own name LTCG –…
Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax.
Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax. Effect of…
Income tax department finally praises and recognizes the contribution of CA’s
Income tax department finally praises and recognizes the contribution of CA’s
Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction to make additions or disallowances on other issues
Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction…
Accumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of new tax rate of 22%
Accumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of…
