ICAI to Cap Tax Audits at 60 Per Partner: A Move Toward Fairer Practice
ICAI to Cap Tax Audits at 60 Per Partner: A Move Toward Fairer Practice In a bold step aimed at…
Income Tax
Is deduction U/S 54F available in case the construction of new house commences before the sale of capital asset?
Is deduction U/S 54F available in case the construction of new house commences before the sale of capital asset? 1. …
ROC Bangalore imposed a penalty of Rs. 50 Lakh on Directors for Non – Disclosure of “Related Party Transactions” – Section 188 of the Companies Act – 2013
ROC Bangalore imposed a penalty of Rs. 50 Lakh on Directors for Non – Disclosure of “Related Party Transactions” –…
No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3)
No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3) Judiciary has repeatedly held that no penalty under Section…
Set-Off of STT-Paid Losses Against 30% STCG is Allowed: ITAT Mumbai
Set-Off of STT-Paid Losses Against 30% STCG is Allowed: ITAT Mumbai iShares ESG Aware MSCI ETF (ITA No. 2072/Mum/2025) Facts:…
What you should do after income tax department has approached ITAT against favourable order of CIT (a)
What you should do after income tax department has approached ITAT against favourable order of CIT (a) QUERY: Against addition,…
Can You Have Your Exemption and Carry Forward Losses Too? A 54F Story
Can You Have Your Exemption and Carry Forward Losses Too? A 54F Story In response to my earlier articles published…
Source of source in respect of loans not required to be proved under section 68 of the ITA as it stood prior to 01.04.2023
Source of source in respect of loans not required to be proved under section 68 of the ITA as it…
Guidelines for Compulsory Selection of Returns for Complete Serutiny during the Financial Year 202-26-procedure for compulsory selection in such case
Guidelines for Compulsory Selection of Returns for Complete Serutiny during the Financial Year 202-26-procedure for compulsory selection in such case…
Disallowance of delayed employee contributions to EPF/ESI U/s 36(1)(va) not valid if made by CPC U/s 143(1)(a) as the issue was debatable at that point of time: Chhattisgarh High Court
Disallowance of delayed employee contributions to EPF/ESI U/s 36(1)(va) not valid if made by CPC U/s 143(1)(a) as the issue…
Reopening relying on information flagged by GST department that the supplier is a dummy/non-existent entity quashed by ITAT
Reopening relying on information flagged by GST department that the supplier is a dummy/non-existent entity quashed by ITAT Delhi…
Any attempt to reopen and revive the proceedings-after the limited is legally untenable
Any attempt to reopen and revive the proceedings-after the limited is legally untenable The Hon’ble Delhi High Court has…
If the Commissioner (Appeals) proceeds to decide the appeal on merits without first condoning the delay, such an order is liable to be set aside.
If the Commissioner (Appeals) proceeds to decide the appeal on merits without first condoning the delay, such an order is…
Trent’s Strategic Shift: Balancing Partnerships and Homegrown Strengths
In a dynamic move within the fashion retail sector, Tata’s Trent is adjusting its business strategy by scaling back its…
Invocation of Sec 68/69 in case of transfer from abroad to NRE Accounts:
Invocation of Sec 68/69 in case of transfer from abroad to NRE Accounts: Issue: It is common for NRIs to…
7 additional information and details required in ITR-1 and ITR-4 for A.Y. 2025–26, especially for taxpayers in the Old Regime:
7 additional information and details required in ITR-1 and ITR-4 for A.Y. 2025–26, especially for taxpayers in the Old Regime:…
Once the source of cash is accepted and taxed under Section 269SS, second addition under Section 69A on the same amount is impermissible and amounted to double taxation.
Once the source of cash is accepted and taxed under Section 269SS, second addition under Section 69A on the same…
Purchase price of alleged penny stock cannot be disputed in year of sale of such stock.
Purchase price of alleged penny stock cannot be disputed in year of sale of such stock. Purchase price of…
