Income TaxBombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors11 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 years11 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?11 months agoWhether exemption in the case of leave encashment is applicable to resignation too? 1. As per Section 10(10AA) of the…
Income TaxExpenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court11 months agoExpenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court …
Income TaxThe Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification11 months agoThe Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification The Hon’ble Bombay…
Income TaxJoint Development Agreement & Reduced LTCG rate of 12.50%11 months agoJoint Development Agreement & Reduced LTCG rate of 12.50%. Joint Development Agreement (JDA) has emerged as a popular and…
Income TaxOnly official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of the Income Tax Act: Delhi HC11 months agoOnly official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of…
Income TaxStatement recorded during Survey u/s 133A has no evidentiary value – Any admission made merely on the basis of statement is illegal11 months agoStatement recorded during Survey u/s 133A has no evidentiary value – Any admission made merely on the basis of statement…
Income TaxAn investor of ‘Capital Gain Tax Exemption Bonds’ cannot seek premature withdrawal through judicial intervention: Delhi HC11 months agoAn investor of ‘Capital Gain Tax Exemption Bonds’ cannot seek premature withdrawal through judicial intervention: Delhi HC Facts: 1.…
Income TaxOnce a matter is dropped at ASMT-10 level, no further proceedings can be initiated u/s 7411 months agoOnce a matter is dropped at ASMT-10 level, no further proceedings can be initiated u/s 74 In a landmark…
Income TaxPCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court11 months agoPCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court…
Income TaxIndividuals Paying More Taxes than Corporates11 months agoIndividuals Paying More Taxes than Corporates A recent report shows that individuals pay more taxes than the corporate. The…
Income TaxTDSNCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and Observation by Bombay High Court11 months agoNCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and…
Income TaxITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 202111 months agoITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021…
Income TaxAdherence to statutory time limits is crucial in tax assessments11 months agoAdherence to statutory time limits is crucial in tax assessments Recently, Income Tax Appellate Tribunal, Mumbai in the case…
Income TaxSale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC11 months agoSale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC The Delhi High Court recently clarified that…
Income TaxAddition on the basis of statement recorded has no evidentiary value without any incriminating material11 months agoAddition on the basis of statement recorded has no evidentiary value without any incriminating material ITAT Kolakata has reiterated…
GSTIncome TaxMaharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism11 months agoMaharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism Darpan Sharma Director – NJ Analysts…