Short Overview of the amendment in the Finance Bill – 2025 while moving from Loksabha
Short Overview of the amendment in the Finance Bill – 2025 while moving from Loksabha FM has further proposed…
Income Tax
Year end complainces for CSR – CFOs need to be CSR-Ready for 31.03.2025
Year end complainces for CSR – CFOs need to be CSR-Ready for 31.03.2025 As we approach year-end closing, CFOs must…
Section 40A(3) applies to revenue expenditure, not to capital investment: Delhi HC
Section 40A(3) applies to revenue expenditure, not to capital investment: Delhi HC PCIT Vs Sanskar Homes Pvt. Ltd. (ITA…
Clubbing provisions of minor’s income in case of a divorce:
Clubbing provisions of minor’s income in case of a divorce: Introduction: 1. Under the Income Tax Act, 1961, a…
Rs. 50 Lakh limit for Re-assessment: There is difference between Income and Income Chargeable to tax
Rs. 50 Lakh limit for Re-assessment: There is difference between Income and Income Chargeable to tax There is a difference…
ROC Compliance Calendar for Private Limited Companies & LLP
ROC Compliance Calendar for Private Limited Companies & LLP Here’s a quick compliance guide with due dates in respect of…
Whether information shared by GST with the IT authorities can be reason for re-assessment?
Whether information shared by GST with the IT authorities can be reason for re-assessment? Issue: Can the information shared…
No addition justified on the basis of Unverified Diary Entries Found During Search without any other Corroborative Evidence
No addition justified on the basis of Unverified Diary Entries Found During Search without any other Corroborative Evidence ITAT…
Income less than Rs. 7 Lakh – Reasons & Remedy For tax demand
Income less than Rs. 7 Lakh – Reasons & Remedy For tax demand [Query] a)I have filed my income…
Adjustment cannot be made in the intimation issued u/s 143(1) without giving an opportunity of being heard to the assessee.
Adjustment cannot be made in the intimation issued u/s 143(1) without giving an opportunity of being heard to the assessee.…
Personal hearing through video conferencing not Provided – Bombay HC quashed the assessment order
Personal hearing through video conferencing not Provided – Bombay HC quashed the assessment order Recently, the Bombay HC has…
Whether the addition under section 50C(1) can fall within the ambit of adjustments provided under section 143(1)(a) of the Act?
Whether the addition under section 50C(1) can fall within the ambit of adjustments provided under section 143(1)(a) of the Act?…
Bombay High Court Orders Multi-Agency Investigation into Accommodation Entry Racket
Bombay High Court Orders Multi-Agency Investigation into Accommodation Entry Racket Here is one of the major Tax Ruling on Section…
Issue in filling applications (SPL 01/SPL 02) under waiver scheme
Issue in filling applications (SPL 01/SPL 02) under waiver scheme The Copy of the Applications is as under :…
AIFTP apt representation for timely appeal disposal, expedite hearings, and issue clear guidelines to resolve pendency
AIFTP apt representation for timely appeal disposal, expedite hearings, and issue clear guidelines to resolve pendency The All India Federation…
Satisfaction of Twin condition (i) an error prejudicial to the interests of the Revenue and (ii) lack of proper inquiry by the Assessing Officer must for invoking revisionary power under section 263
Satisfaction of Twin condition (i) an error prejudicial to the interests of the Revenue and (ii) lack of proper inquiry…
Provision, if commercially prudent and contractually required, is not merely permissible but necessary and cannot be equated with uncertain or notional liabilities: Delhi HC
Provision, if commercially prudent and contractually required, is not merely permissible but necessary and cannot be equated with uncertain or…
Delhi HC allows ITC Despite Wrong GSTN
Delhi HC allows ITC Despite Wrong GSTN Delhi HC Permits ITC Despite Wrong GSTN; Quashes Rs. 5.65 Cr Demand…
