Per Incuriam : A Legal Compass for Ensuring Judicial Consistency
Per Incuriam : A Legal Compass for Ensuring Judicial Consistency The recent Constitution Bench (5 judges) in Bajaj Alliance General Insurance Co. Ltd. [2024 INSC 840] discussed…
Income Tax
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay in filing Return under section 119(2)(b)
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay…
Whether income from the sale of software licenses should be classified as business income or royalty income?
Whether income from the sale of Software licenses should be classified as business income or royalty income? The key…
CPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it
CPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it …
10 Years of delay in filing appeal Condoned by Hyderabad ITAT
10 Years of delay in filing appeal Condoned by Hyderabad ITAT ITAT while condoning the delay in filing an…
Issue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment: Delhi HC
Issue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment:…
Admission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their claims.
Admission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their…
Not opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh
Not opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh The ROC,…
Incorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years of delay in filing appeal
Incorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years…
Losses in speculative business- provisions for set off and carry forward
Losses in speculative business- provisions for set off and carry forward Introduction: A speculation loss refers to the financial…
Tax Planning with Tradition: Maximizing Savings through HUF Structure
Tax Planning with Tradition: Maximizing Savings through HUF Structure Tax planning is a dynamic field where even well-known strategies…
The Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised ROI has expired: Supreme Court.
The Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised…
In case of genuine hardship, delay in filing of ITR may be condoned by the CBDT: Bombay HC
In case of genuine hardship, delay in filing of ITR may be condoned by the CBDT: Bombay HC Smita Dilip…
Expenditure 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 263
Expenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest…
Introduction of Form DRC-03A: An overview
Introduction of Form DRC-03A: An overview Department has observed that some taxpayers have paid the amount demanded vide DRC…
Tax clearance certificate (TCC): Form No 30A & Non domiciled visitors in India
Tax clearance certificate (TCC): Form No 30A & Non domiciled visitors in India What is ‘domicile’? 1. The term…
Any claim made in the revised return post the due date of filing the revised return cannot be considered by the Assessing Officer
Any claim made in the revised return post the due date of filing the revised return cannot be considered by…
Principle of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC
Principle of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC Facts: 1. The…
