Income TaxNo capital gain exemption under section 54F if investment is not in a residential house9 months agoNo capital gain exemption under section 54F if investment is not in a residential house Delhi HC has dismissed…
Income TaxNo revision u/s 263 if assessment order is neither erroneous nor prejudicial to the interest of revenue9 months agoNo revision u/s 263 if assessment order is neither erroneous nor prejudicial to the interest of revenue The case…
Income TaxPenalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned in the board report9 months agoPenalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned…
Income TaxCBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB9 months agoCBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail…
Income TaxWhether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?9 months agoWhether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case? Introduction:…
Income TaxIf a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.9 months agoIf a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person…
Income TaxIf conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC9 months agoIf conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded:…
Income TaxJoint Development Agreement under the spotlight of the Income Tax Department9 months agoJoint Development Agreement under the spotlight of the Income Tax Department In a significant move, the Central Board of…
Income TaxPenalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC9 months agoPenalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding:…
Income TaxInvocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad9 months agoInvocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad …
Income TaxAO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA9 months agoAO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai…
Income TaxCBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.9 months agoCBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs. The CBDT…
Income TaxHow Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past9 months agoHow Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past 1. LTCG tax…
Income TaxNo independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period9 months agoNo independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period Here is an interesting…
Income TaxCBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year.9 months agoCBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year. On November 16, 2024, the…
Income TaxBombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors9 months agoBombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors Hindustan Unilever Ltd. (WRIT PETITION…
Income TaxCondonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years9 months agoCondonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year…
Income TaxWhether exemption in the case of leave encashment is applicable to resignation too?9 months agoWhether exemption in the case of leave encashment is applicable to resignation too? 1. As per Section 10(10AA) of the…