TDS on Payment to Partners – Applicable from the FY 2025-26
TDS on Payment to Partners – Applicable from the FY 2025-26 [Query 1] Is there any rule regarding capital…
Income Tax
Unabsorbed depreciation of one year becomes the part of depreciation of next year
Unabsorbed depreciation of one year becomes the part of depreciation of next year Unabsorbed depreciation of a year becomes…
Re-evaluation of the former records without new tangible material: Shahrukh Khan win Reassessment Battle
Re-evaluation of the former records without new tangible material: Shahrukh Khan win Reassessment Battle Here is a Triumph in…
Beneficial amendments should be applied retrospectively unless they impose a burden: ITAT Mumbai
Beneficial amendments should be applied retrospectively unless they impose a burden: ITAT Mumbai Here is another case before Mumbai ITAT…
Reassessment Quashed Due to Section 148 Notice Sent to Incorrect Email ID
Reassessment Quashed Due to Section 148 Notice Sent to Incorrect Email ID In the case of Nitin Jain vs…
ITAT Deleted the Disallowance as Payee Declared Income and Paid Taxes despite Absence of Form 26A
ITAT Deleted the Disallowance as Payee Declared Income and Paid Taxes despite Absence of Form 26A Here is an…
Whether “leaving India for the purpose of employment” includes person who left India for search of Employment?
Whether “leaving India for the purpose of employment” includes person who left India for search of Employment? Meaning of…
Bombay HC quashed Assessment order u/s 143(3) for not allowing the personal hearing in spite of specific request by assessee:
Bombay HC quashed Assessment order u/s 143(3) for not allowing the personal hearing in spite of specific request by assessee:…
Delhi HC on Section 153C: Statutory scheme does not mandate or envisage the discovery of a connect or interrelationship between the searched and the non-searched entity
Delhi HC on Section 153C: Statutory scheme does not mandate or envisage the discovery of a connect or interrelationship between…
Invalid notice leads to an invalid Assessment even if the correct AO passes the assessment order.
Invalid notice leads to an invalid Assessment even if the correct AO passes the assessment order. The Kolkata Tribunal in a recent…
Condonation of inordinate delay -Not without sufficient Cause: ITAT
Condonation of inordinate delay -Not without sufficient Cause: ITAT Here is an interesting case before ITAT Hyderabad in Papaiah Pulipati…
Harvesting the Loss as a Tool of Tax Planning
Harvesting the Loss as a Tool of Tax Planning The Indian stock market has been experiencing a downturn, leading…
Reopening can be done based on audit opinion even if query was raised during assessment proceedings: Bombay HC
Reopening can be done based on audit opinion even if query was raised during assessment proceedings: Bombay HC Bombay…
For invoking section 41(1), there must be an allowance or deduction claimed by the assessee in the past concerning a trading liability, which is subsequently remitted or ceased.
For invoking section 41(1), there must be an allowance or deduction claimed by the assessee in the past concerning a…
Neither Section 41(1) nor Section 68 applied to the lease deposits and booking Advances: ITAT
Neither Section 41(1) nor Section 68 applied to the lease deposits and booking Advances: ITAT The ITAT upheld the Commissioner…
Income Tax Department cannot indefinitely keep the properties attached: Delhi HC
Income Tax Department cannot indefinitely keep the properties attached: Delhi HC Fasttrack Tieup Pvt. Ltd. Versus UOI Case No.: W.P.(C)…
Call centre services are not technical or managerial services: Bombay HC
Call centre services are not technical or managerial services: Bombay HC Commissioner of Income-Tax (TDS)-2 Versus Vodafone Essar Ltd…
Income Tax Department’s Scrutiny of Household Withdrawals: A Wake-Up Call for Taxpayers
Income Tax Department’s Scrutiny of Household Withdrawals: A Wake-Up Call for Taxpayers Imagine opening your mailbox and finding a notice…
