Addition under section 68 towards Unexplained cash credits
Addition under section 68 towards Unexplained cash credits Overview : Where assessee received loan amount and the loan amount was…
Income Tax
Penalty under section 271AAB on Filing of return declaring undisclosed income if there is a Delay in filing return income
Penalty under section 271AAB on Filing of return declaring undisclosed income if there is a Delay in filing return income…
Validity of Redemption fine and confiscation under section 130 without initiating any proceedings under section 129
Validity of Redemption fine and confiscation under section 130 without initiating any proceedings under section 129 2019 TaxPub(GST) 0330 (Guj-HC)…
Similar types of errors is being committed by the Assessing Officers either by deliberately or due to ‘Induced ignorance’. Jharkhand HC advised CITs to conduct orientation courses for AOs.
Similar types of errors is being committed by the Assessing Officers either by deliberately or due to ‘Induced ignorance’. Jharkhand…
Excellent publication : Technical Guide on GST Audit by ICAI
Excellent publication : Technical Guide on GST Audit by ICAI
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur ITAT
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur…
Rental income earned by assessee – developer is House property income or business income
Rental income earned by assessee – developer is House property income or business income Fact : Assessee was in…
Is there any time limit to held Assessee in default if TCS not collected ?
Is there any time limit to held Assessee in default if TCS not collected ? Query – Is there any…
No penalty for cash loan as it was never the intention of the Legislature to punish a party involved in a genuine transaction: Bangalore ITAT
No penalty for cash loan as it was never the intention of the Legislature to punish a party involved in…
Adjacent property can be considered as “one” house property
Adjacent property can be considered as “one” house property Almost all exemption provision in the Income Tax Act – 1961…
Section 40A(3) was attracted even in cases of payments by book adjustments ?
Section 40A(3) was attracted even in cases of payments by book adjustments ? Punjab-Haryana High Court Commissioner Of Income-Tax vs Kishan…
Failure to attach board report along with financial statement in annual filing is compoundable offence
Failure to attach board report along with financial statement in annual filing is compoundable offence CL: Where a company contravened…
Section 50C is a deeming provision. Assessee is entitled to challenge the correctness of the DVO’s valuation before the CIT(A) and the Tribunal.
Section 50C is a deeming provision. Assessee is entitled to challenge the correctness of the DVO’s valuation before the CIT(A)…
If no interest was charged from debtors, whether Interest paid o creditors could be disallowed?
If no interest was charged from debtors, whether Interest paid o creditors could be disallowed? IT: Where assessee-company, trading in…
Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1).
Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1). …
Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner?
Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner? Under the Income…
Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by department
Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by…
Whether the expenditure referred to in Section 40A(3) refers only to the expenditure that could be claimed as a deduction under Section 37 or to any payment made by the assessee and taken into account in computing the total income under the provisions of the Income-tax Act, 1961 ?
Whether the expenditure referred to in Section 40A(3) refers only to the expenditure that could be claimed as a deduction under Section 37 or…
 refers only to the expenditure that could be claimed as a deduction under Section 37 or to any payment made by the assessee and taken into account in computing the total income under the provisions of the Income-tax Act, 1961 ?){kind=link}
 refers only to the expenditure that could be claimed as a deduction under Section 37 or to any payment made by the assessee and taken into account in computing the total income under the provisions of the Income-tax Act, 1961 ?&description=&image=https://thetaxtalk.com/wp-content/uploads/2019/06/Untitled-112-min.png){kind=link}