Income TaxIT JudgementAssumption of jurisdiction u/s 147 cannot be sustained and is held as invalid in eyes of law.7 years agoAssumption of jurisdiction u/s 147 cannot be sustained and is held as invalid in eyes of law. M/s Krishna Homes…
Income TaxAnalysis: Rejection of books of accounts in the Income Tax Act – 19617 years agoAnalysis: Rejection of books of accounts in the Income Tax Act – 1961 Rejecting books of accounts & analysis of…
IT JudgementWhether the Appellate Tribunal has rightly allowed the respondent’s appeal to grant registration under Section 12A of the Income Tax Act, 19617 years agoWhether the Appellate Tribunal has rightly allowed the respondent’s appeal to grant registration under Section 12A of the Income Tax Act, 1961 …
IT JudgementLandmark Judgment : Non-service of section 148 Notice within stipulated period will result in invalid assessment7 years agoLandmark Judgment : Non-service of section 148 Notice within stipulated period will result in invalid assessment Short Overview : Though AO…
Income TaxEmployee’s contribution to PF/ESIC & other welfare funds are not eligible for deduction u/s 36(1)(va) of the Income Tax Act if it is paid after the due date specified under the relevant Act: CBDT7 years agoEmployee’s contribution to PF/ESIC & other welfare funds are not eligible for deduction u/s 36(1)(va) of the Income Tax Act…
Income TaxNo jurisdiction to the AO even if Assessee participates in the reassessment proceeding u/s 1477 years agoNo jurisdiction to the AO even if Assessee participates in the reassessment proceeding u/s 147 Attar Singh Vs ITO…
IT JudgementProsecution upheld by Delhi High Court for non-filing of return u/s 139(1) despite refund claim7 years agoProsecution upheld by Delhi High Court for non-filing of return u/s 139(1) despite refund claim Sec. 276CC of the Income…
IT JudgementDemonetization special: When books of account of the assessee are not reliable and rejected by the authorities then there is no reason to make addition u/s 40A(3)or section 68 of the Income Tax Act7 years agoDemonetization special: When books of account of the assessee are not reliable and rejected by the authorities then there is…
NotificationAmendment in Policy Condition of export of Rice (Basmati and Non -Basmati) to EU member States7 years agoAmendment in Policy Condition of export of Rice (Basmati and Non -Basmati) to EU member States Government of India Ministry…
NotificationAmendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group7 years agoAmendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an…
NotificationCompilation and Dissemination of favourable orders passed by the Hon’ble Courts pertaining to GST7 years agoCompilation and Dissemination of favourable orders passed by the Hon’ble Courts pertaining to GST Instruction-on-favourable-orders_090120
NotificationWillingness to fill up posts of Inspectors, Executive Assistant, Steno-Gr I, Head Hawildar, Hawildar and MTS at NACIN, Chennai7 years agoWillingness to fill up posts of Inspectors, Executive Assistant, Steno-Gr I, Head Hawildar, Hawildar and MTS at NACIN, Chennai Call_willingness
IT JudgementCapital Gain on Conversion of partnership firm into company if the land is revalued before the conversion and the appreciation credited to the current account of partners7 years agoCapital Gain on Conversion of partnership firm into company if the land is revalued before the conversion and the appreciation…
IT JudgementInteresting Judgment: Cost of construction of the building on the LEASEHOLD Land is a Revenue expenditure or Capital expenditure?7 years ago Interesting Judgment: Cost of construction of the building on the LEASEHOLD Land is a Revenue expenditure or Capital expenditure?…
IT JudgementAssessment made in the name of non-existent company is invalid and unsustainable in the eye of law.7 years agoAssessment made in the name of non-existent company is invalid and unsustainable in the eye of law. Short Overview The assessment…
Income TaxCBDT Responding Proactively : Grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-217 years agoCBDT Responding Proactively : Grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for…
NotificationAuction for Sale (Re-issue) of Government Stock (GS)7 years ago Auction for Sale (Re-issue) of Government Stock (GS) GSEC060120208F5AB6CEE1EB4AF5818F6B76FA613621
Income TaxAO to delete the penalty levied u/s 271B of the Act for not furnishing the tax audit report as required u/s 44AB of the Act, due to technical reasons.7 years agoAO to delete the penalty levied u/s 271B of the Act for not furnishing the tax audit report as required…