Mumbai ITAT upholds Taxpayer’s right to legitimate tax planning
Mumbai ITAT upholds Taxpayer’s right to legitimate tax planning ACIT Circle 4(1)(1), Mumbai vs. Ranu Vohra (ITA No.412/Mum/2024) Facts:…
Income Tax
Benefit of cost inflation index is available even in respect of foreign assets.
Benefit of cost inflation index is available even in respect of foreign assets. Mumbai Tribunal in the case of…
Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148 notice: Mumbai ITAT
Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148…
Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified: Mumbai ITAT
Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified:…
Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be quashed and set aside.
Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be…
10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit has already expired: Delhi HC
10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit…
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT…
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT…
𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗢𝗿𝗱𝗲𝗿 𝗼𝗻 𝗱𝗶𝘀𝗮𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲 𝗼𝗳 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁
𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗢𝗿𝗱𝗲𝗿 𝗼𝗻 𝗱𝗶𝘀𝗮𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲 𝗼𝗳 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁 𝗞𝗲𝘆 𝗜𝘀𝘀𝘂𝗲𝘀: 1. Denial of Foreign Tax Credit (FTC) due…
Will the notice sent by the wrong officer invalidate the assessment proceeding?
Will the notice sent by the wrong officer invalidate the assessment proceeding? Upholding the order of the Tribunal quashing…
Mere surrender of income would not absolve the assessee from the levy of penalty until and unless the mandatory provisions of Section 271AAA(2) has not been complied.
Mere surrender of income would not absolve the assessee from the levy of penalty until and unless the mandatory provisions…
Final Assessment orders quashed by Mumbai ITAT as it was passed without issue of the draft assessment orders under Section 144C
Final Assessment orders quashed by Mumbai ITAT as it was passed without issue of the draft assessment orders under Section…
Notice issued with a delay of 2 Minutes: Reassessment Proceeding quashed by Delhi HC
Notice issued with a delay of 2 Minutes: Reassessment Proceeding quashed by Delhi HC In a twist that could…
Voluntary disclosure of income does not absolve the assessee from penalties under Section 271(1)(c) and 271AAB: Pune ITAT.
Voluntary disclosure of income does not absolve the assessee from penalties under Section 271(1)(c) and 271AAB: Pune ITAT. The Key…
Benami Transactions: Demonetized currency retained monetary value for conversion within prescribed timelines and so it is “property” under the BPTA
Benami Transactions: Demonetized currency retained monetary value for conversion within prescribed timelines and so it is “property” under the BPTA…
Section 249(4)(b) should not be rigidly when no ITR is filed & where the entire income assessed is disputed: ITAT Agra
Section 249(4)(b) should not be rigidly when no ITR is filed & where the entire income assessed is disputed: ITAT…
Two distinct flats situated on separate floors and lacking structural or functional integration could not be treated as one residential unit: Delhi HC.
Two distinct flats situated on separate floors and lacking structural or functional integration could not be treated as one residential…
Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43.
Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43. The Central Goods and…
