Income TaxCash Deposits cannot be Doubted if Return Filed U/s 44AD1 year agoCash Deposits cannot be Doubted if Return Filed U/s 44AD In a recent case, AO found large cash deposits…
Income TaxStrategic Overseas Ties and Corporate Structuring Fail to Shield Global Income: ITAT Declares assessee a Resident1 year agoStrategic Overseas Ties and Corporate Structuring Fail to Shield Global Income: ITAT Declares assessee a Resident Mahadevan (ITA Nos.…
Income TaxOperational control and not formal ownership or exclusivity is relevant for determining if appellant has a PE in India: SC1 year agoOperational control and not formal ownership or exclusivity is relevant for determining if appellant has a PE in India: SC…
Income TaxRe-assessment proceedings under Section 147 rather than following the special procedure envisaged under Section 153C is bad in law1 year agoRe-assessment proceedings under Section 147 rather than following the special procedure envisaged under Section 153C is bad in law …
Income TaxRequirement to deposit 20% of the disputed demand as per the said CBDT Circular is directory in nature and not mandatory.1 year agoRequirement to deposit 20% of the disputed demand as per the said CBDT Circular is directory in nature and not…
Income TaxMadras HC Quashes TVS Reassessment Notice – JAO Has No Jurisdiction, Only Faceless AO Can Issue 148A Notices, Holds Court1 year agoMadras HC Quashes TVS Reassessment Notice – JAO Has No Jurisdiction, Only Faceless AO Can Issue 148A Notices, Holds Court…
Income TaxSales tax incentives granted under state schemes for setting up industries in backward areas constitute capital receipts & so not taxable: Bombay HC1 year agoSales tax incentives granted under state schemes for setting up industries in backward areas constitute capital receipts & so not…
Income TaxNo discrepancies in sales, Books of accounts also not rejected – No addition towards cash deposit sustainable1 year agoNo discrepancies in sales, Books of accounts also not rejected – No addition towards cash deposit sustainable The Hon’ble…
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…