Landmark Judgment: No concealment penalty even for non disclosing income in ITR if it is shown in Balance Sheet
Landmark Judgment: No concealment penalty even for non disclosing income in ITR if it is shown in Balance Sheet final…
Income Tax
Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019-reg
Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019-reg Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019-reg
Levy of penalty under section 271(1 )(c)
Levy of penalty under section 271(1 )(c) IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’, NEW DELHI BEFORE SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SHRI O.P. KANT,…
Whether on the facts and in circumstances of the case and in law, the Tribunal is correct in upholding the order of CIT (A) in quashing the assessment order passed in the proceedings u/s 147 read with section 143(3) of the Act
Whether on the facts and in circumstances of the case and in law, the Tribunal is correct in upholding the order…
A.O. has grossly erred in passing order U/s 154 of the Act after passing the assessment order U/s 143(3) of the Act which is without jurisdiction and barred by the law
A.O. has grossly erred in passing order U/s 154 of the Act after passing the assessment order U/s 143(3) of…
Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity.
Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review / audit…
Purchase of flat below Fair Market value or stamp duty valuation and it’s taxation if difference is less than10%
Purchase of flat below Fair Market value or stamp duty valuation and it’s taxation if difference is less than10% ITAT…
High Court says goods cannot be detained even if E Way bill is expired if validity is extended before order of detention
High Court says goods cannot be detained even if E Way bill is expired if validity is extended before order…
Landmark Judgment : If trust registration u/s 12A is denied, what could be brought to tax is the net income in the hands of assessee-trust and not the gross receipts.
Landmark Judgment : If trust registration u/s 12A is denied, what could be brought to tax is the net income…
Landmark Observation : Transactions between relatives involving receipt of loan in cash may not in the nature of loans or deposits as envisaged in section 269SS – No Penalty u/s 271D
Landmark Observation : Transactions between relatives involving receipt of loan in cash may not in the nature of loans or…
Demonetisation cases and Addition by Income Tax Authorities on the basis of theory of ‘Human Probability Test’ under the Income Tax Act – 1961
Demonetisation cases and Addition by Income Tax Authorities on the basis of theory of ‘Human Probability Test’ under the Income…
No deduction u/s 80P if credit co-operative society is doing business with Nominal Members also – Supreme Court in The Citizen Cooperative Society vs Asst. Commissioner Of Income Tax
No deduction u/s 80P if credit co-operative society is doing business with Nominal Members also – Supreme Court in The…
Whether the retrospective amendments to the definition of “royalty” in s. 9(1)(vi) of the Act can have bearing on the interpretation
Whether the retrospective amendments to the definition of “royalty” in s. 9(1)(vi) of the Act can have bearing on the…
Allegation of the Assessing officer that the shares bought by the Assessee were sold at the price which is less than its cost
Allegation of the Assessing officer that the shares bought by the Assessee were sold at the price which is less…
Reassessment proceedings initiated by issuance notice on the deceased assessee quashed for want of jurisdiction.
Reassessment proceedings initiated by issuance notice on the deceased assessee quashed for want of jurisdiction. Late Shri Bhura Ram (L/H…
Non-functioning of benches during Winter Vacation
Non-functioning of benches during Winter Vacation INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES, MUMBAI December 05, 2019 There will be a…
CBDT Issues Guidelines for scrutiny of invalid returns selected through CASS Cycle 2018 – Reg.
CBDT Issues Guidelines for scrutiny of invalid returns selected through CASS Cycle 2018 – Reg. F. No. 225/333/2019/ITA-1I Government of…
Allowability of deduction towards Sales promotion expenditure (Gift) by a pharmaceutical company
Allowability of deduction towards Sales promotion expenditure (Gift) by a pharmaceutical company short overview : In view of Circular issued by…
 by a pharmaceutical company){kind=link}
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