Income TaxCPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it9 months agoCPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it …
Income Tax10 Years of delay in filing appeal Condoned by Hyderabad ITAT9 months ago10 Years of delay in filing appeal Condoned by Hyderabad ITAT ITAT while condoning the delay in filing an…
Income TaxIssue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment: Delhi HC9 months agoIssue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment:…
Income TaxAdmission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their claims.9 months agoAdmission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their…
Income TaxNot opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh9 months agoNot opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh The ROC,…
Income TaxIncorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years of delay in filing appeal9 months agoIncorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years…
Income TaxLosses in speculative business- provisions for set off and carry forward9 months agoLosses in speculative business- provisions for set off and carry forward Introduction: A speculation loss refers to the financial…
Income TaxTax Planning with Tradition: Maximizing Savings through HUF Structure9 months agoTax Planning with Tradition: Maximizing Savings through HUF Structure Tax planning is a dynamic field where even well-known strategies…
Income TaxThe Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised ROI has expired: Supreme Court.9 months agoThe Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised…
Income TaxIn case of genuine hardship, delay in filing of ITR may be condoned by the CBDT: Bombay HC9 months agoIn case of genuine hardship, delay in filing of ITR may be condoned by the CBDT: Bombay HC Smita Dilip…
Income TaxExpenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest Vs Revisionary power of CIT u/s 2639 months agoExpenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest…
Income TaxIntroduction of Form DRC-03A: An overview9 months agoIntroduction of Form DRC-03A: An overview Department has observed that some taxpayers have paid the amount demanded vide DRC…
Income TaxTax clearance certificate (TCC): Form No 30A & Non domiciled visitors in India9 months agoTax clearance certificate (TCC): Form No 30A & Non domiciled visitors in India What is ‘domicile’? 1. The term…
Income TaxAny claim made in the revised return post the due date of filing the revised return cannot be considered by the Assessing Officer9 months agoAny claim made in the revised return post the due date of filing the revised return cannot be considered by…
Income TaxPrinciple of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC9 months agoPrinciple of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC Facts: 1. The…
Income TaxLandmark Judgment by Kerala High Court on Rule 96(10) of the CGST Rules10 months agoLandmark Judgment by Kerala High Court on Rule 96(10) of the CGST Rules The Kerala High Court recently delivered…
Income TaxTechnological challenges cannot justify harassing an assessee, Income Tax Department should improve its software to prevent future errors: SC10 months agoTechnological challenges cannot justify harassing an assessee, Income Tax Department should improve its software to prevent future errors: SC …
Income TaxMCA imposed Penalty of ₹20 Lakh for delay In appointing whole-Time Company Secretary10 months agoMCA imposed Penalty of ₹20 Lakh for delay In appointing whole-Time Company Secretary In the matter of M/s. Venkatramana…