Income Tax

Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two properties in two names

11 months ago

Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two…

Income Tax

If a provision was not available in the statute at the time of entering into the agreement, it cannot be applied subsequently: Nagpur ITAT

11 months ago

If a provision was not available in the statute at the time of entering into the agreement, it cannot be…

Income Tax

Compensation for removing the nuisance – Can it be a Tax Planning Tool?

11 months ago

Compensation for removing the nuisance – Can it be a Tax Planning Tool? Mumbai Tribunal in the case of…

Income Tax

Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search

11 months ago

Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search Chhattisgarh High…

Income Tax

GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction

11 months ago

GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction Here is…

Income Tax

Absence of the VDIS certificate cannot be fatal to the assessee’s claim if credible alternate evidence is produced

11 months ago

Absence of the VDIS certificate cannot be fatal to the assessee’s claim if credible alternate evidence is produced Delhi ITAT…

Income Tax

Reassessment completed without issuance of notice U/s 143(2) Notice- Assessee’s participation doesn’t not validate the proceeding

11 months ago

Reassessment completed without issuance of notice U/s 143(2) Notice- Assessee’s participation doesn’t not validate the proceeding Recently, ITAT Delhi…

Income Tax

Delay in appointment of Women Director – ROC imposed a penalty of Rs. 3.43 Lakh on the company and its Directors

11 months ago

Delay in appointment of Women Director – ROC imposed a penalty of Rs. 3.43 Lakh on the company and its…

Income Tax

Reopening U/s 147 is invalid if it is alleging bogus purchases where infact there was no purchases in the relevant year.

11 months ago

Reopening U/s 147 is invalid if it is alleging bogus purchases where infact there was no purchases in the relevant…

Income Tax

ITAT Mumbai Slams AO for Not Probing Real Culprits – Quashed Rs. 103 Cr Benami Addition on Auto-Rickshaw Driver

11 months ago

ITAT Mumbai Slams AO for Not Probing Real Culprits – Quashed Rs. 103 Cr Benami Addition on Auto-Rickshaw Driver …

Income Tax

Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against CBDT Circulars.

11 months ago

Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against…

Income Tax other topic

BJP CA cell demanded Amnesty Scheme for Partnership Firms

11 months ago

BJP CA cell demanded Amnesty Scheme for Partnership Firms Date: – 29/04/2025 To, Shri Devendra Fadnavis Ji Hon’ble Dy. Chief…

Income Tax

Key Changes in ITR Forms for AY 2025-26 You Should Know

11 months ago

Key Changes in ITR Forms for AY 2025-26 You Should Know The Income Tax Department has notified several important…

Income Tax

Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad

11 months ago

Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad The Indian Income Tax Act, 1961 provides a…

Income Tax

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)

11 months ago

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii) The Revenue filed an appeal before the Hon’ble…

Income Tax

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO

11 months ago

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before…

Income Tax

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

11 months ago

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…

GST Income Tax

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

11 months ago

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…

Income Tax

Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two properties in two names

If a provision was not available in the statute at the time of entering into the agreement, it cannot be applied subsequently: Nagpur ITAT

Compensation for removing the nuisance – Can it be a Tax Planning Tool?

Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search

GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction

Absence of the VDIS certificate cannot be fatal to the assessee’s claim if credible alternate evidence is produced

Reassessment completed without issuance of notice U/s 143(2) Notice- Assessee’s participation doesn’t not validate the proceeding

Delay in appointment of Women Director – ROC imposed a penalty of Rs. 3.43 Lakh on the company and its Directors

Reopening U/s 147 is invalid if it is alleging bogus purchases where infact there was no purchases in the relevant year.

ITAT Mumbai Slams AO for Not Probing Real Culprits – Quashed Rs. 103 Cr Benami Addition on Auto-Rickshaw Driver

Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against CBDT Circulars.

BJP CA cell demanded Amnesty Scheme for Partnership Firms

Key Changes in ITR Forms for AY 2025-26 You Should Know

Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad

ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)

Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

Just Uploading on Portal is not equivalent to Service of Notice – Madras HC

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