Tribunal omission to consider the case laws – Whether Tribunal can recalled it’s order ?
Tribunal omission to consider the case laws – Whether Tribunal can recalled it’s order ? Short Overview: While passing order…
Income Tax
Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR
Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR INCOME TAX : Where assessee…
Based on 26AS alone no additions could be made.
Based on 26AS alone no additions could be made. Short Overview: Based on 26AS alone no additions could be made.…
Income from Business or Other Source of Fund is generated from business & sourced to FDRs
Income from Business or Other Source of Fund is generated from business & sourced to FDRs Short Overview: Although funds…
All set, Faceless & Jurisdiction free assessment to start now !!
All set, Faceless & Jurisdiction free assessment to start now !!
Taxpayer can get PAN without applying for it !! New Emerging India !!
Taxpayer can get PAN without applying for it !! New Emerging India !!
Consolidated circular for assessment of Startups by CBDT
Consolidated circular for assessment of Startups by CBDT Circular No. 22/2019 Government of India Ministry of Finance Department of Revenue Central Board…
Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized for charitable purpose & hence eligible for exemption u/s 11
Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized…
“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular issued prior to 1961 Act which is still relevant
“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular…
If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as Bogus
If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as…
Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India. The source of the receipt is not relevant. The CIT has wide powers u/s 264 and has to exercise them in favour of the assessee in terms of CBDT Circular No. 14 (XL-35) dated 11.04.1955
Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India.…
Taxation of Mutual Funds in one chart
Taxation of Mutual Funds in one chart Holding Period Less than One Year 1 to 3 Years More than 3…
ITAT upheld CIT(A)’s order as it was duly passed within month of conclusion of final hearing
ITAT upheld CIT(A)’s order as it was duly passed within month of conclusion of final hearing INCOME TAX: Where Commissioner…
FAQ on Sabka Vishwas (Dispute Resolution Scheme ) 2019
FAQ on Sabka Vishwas (Dispute Resolution Scheme ) 2019 FAQ om Sabka Vishwas (Dispute Resolution Scheme ) 2019
Orders passed by a statutory authority under “dictation” of a superior officer or anyone else is bad in law
Orders passed by a statutory authority under “dictation” of a superior officer or anyone else is bad in law Bently…
Where assessee challenged assessment order on crucial aspects in appellate proceedings, no attachment order should be enforced
Where assessee challenged assessment order on crucial aspects in appellate proceedings, no attachment order should be enforced ■■■ [2019] 107 taxmann.com 416…
Even if search happens in case of assessee, the AO cannot initiate proceedings u/s 153A if incriminating material is found during search of other person.
Even if search happens in case of assessee, the AO cannot initiate proceedings u/s 153A if incriminating material is found…
ITAT confirmed additions on the basis of TDS claimed as corresponding income in not offered for taxation in ITR
ITAT confirmed additions on the basis of TDS claimed as corresponding income in not offered for taxation in ITR INCOME…
