Income TaxExemption Under section 54F admissible even if the payment is done by third-Party1 year agoExemption Under section 54F admissible even if the payment is done by third-Party Key Facts: a. The assessee surrendered…
Income TaxSupreme Court Dismisses SLP in JAO–FAO Jurisdiction Case: Revenue Seeks Revival Amidst 700+ Similar Matters1 year agoSupreme Court Dismisses SLP in JAO–FAO Jurisdiction Case: Revenue Seeks Revival Amidst 700+ Similar Matters In a key development surrounding…
Income TaxNo disallowance under Section 143(1)(a) can be made towards delayed ESI and EPF contributions as the issue was highly debatable1 year agoNo disallowance under Section 143(1)(a) can be made towards delayed ESI and EPF contributions as the issue was highly debatable…
Income TaxEntire amount of bogus purchases cannot be disallowed – ITAT Ahmadabad distinguishes Bombay HC decision1 year agoEntire amount of bogus purchases cannot be disallowed – ITAT Ahmadabad distinguishes Bombay HC decision Hon’ble Bombay HC has…
Income TaxNon speaking dismissal of the SLP by the SC – JAO Vs. FAO Controversy to continue1 year agoNon speaking dismissal of the SLP by the SC – JAO Vs. FAO Controversy to continue The matter pertains…
Income TaxJAO Vs. FAO Controversy: Bombay HC again followed Hexaware Technology decision – Rejected department contention that it is pending before Supreme Court1 year agoJAO Vs. FAO Controversy: Bombay HC again followed Hexaware Technology decision – Rejected department contention that it is pending before…
Income Taxबोगस खरीद पर पूरी राशि नहीं, सिर्फ लाभांश टैक्स के दायरे में: ITAT का अहम फैसला1 year agoबोगस खरीद पर पूरी राशि नहीं, सिर्फ लाभांश टैक्स के दायरे में: ITAT का अहम फैसला आयकर अपीलीय न्यायाधिकरण,…
Income TaxBombay High Court Quashes Assessment Order: Right to Video Conferencing During Tax Proceedings Upheld1 year agoBombay High Court Quashes Assessment Order: Right to Video Conferencing During Tax Proceedings Upheld In a significant judgment for taxpayers,…
Income TaxMere Non-Response to Section 133(6) Notices Cannot Justify Addition: A Landmark Ruling by ITAT Mumbai1 year agoMere Non-Response to Section 133(6) Notices Cannot Justify Addition: A Landmark Ruling by ITAT Mumbai Case: ITO vs. M/s. Gold…
Income TaxIssuance of notice under section 148 in faceless manner is mandatory: SLP filed by Income Tax Department dismissed by SC1 year agoIssuance of notice under section 148 in faceless manner is mandatory: SLP filed by Income Tax Department dismissed by SC…
Income TaxDelhi High Court on Reassessment Proceedings: AO Cannot Review Own 148A(d) Order; Time-Bar under Section 149 Applies1 year agoDelhi High Court on Reassessment Proceedings: AO Cannot Review Own 148A(d) Order; Time-Bar under Section 149 Applies The recent…
Latest UpdateTDSCBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.1 year agoCBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.…
Income TaxIf order under section 263 quashed by ITAT, assessment done pursuant to section 263 doesn’t not survive. Filing of appeal by department at HC do not change the position1 year agoIf order under section 263 quashed by ITAT, assessment done pursuant to section 263 doesn’t not survive. Filing of appeal…
Income TaxLegal strategies for avoiding clubbing of income1 year agoLegal strategies for avoiding clubbing of income Clubbing provisions are anti-avoidance rules under the Income Tax Act, 1961, mainly covered…
Income Tax10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai1 year ago10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai NFAC Vs NRB Developers (ITA No.5352/Mum/2024 & 5218/Mum/2024)…
Income TaxSupreme Court Dismisses SLP in Faceless Reassessment Row: A Landmark Moment for Section 148 Proceedings1 year agoSupreme Court Dismisses SLP in Faceless Reassessment Row: A Landmark Moment for Section 148 Proceedings Introduction In one of…
Income TaxTax Refund Mafia & The Case of the Ghost Landlord: AI Strikes Again [Part – I]1 year agoTax Refund Mafia & The Case of the Ghost Landlord: AI Strikes Again [Part – I] If you thought the Income…
Income TaxIT JudgementNotices issued under section 148 by JAO & not FAO are invalid – Madras HC follows Bombay HC in Hexaware Technology1 year agoNotices issued under section 148 by JAO & not FAO are invalid – Madras HC follows Bombay HC in Hexaware…