CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT
CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT Facts of the…
Income Tax
CBDT clarification on applicability of PPT while granting treaty benefits:
CBDT clarification on applicability of PPT while granting treaty benefits: Background: 1. MLI coming into force: On October 1st,…
Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC
Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC Vide its order dated…
Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error
Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error …
Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal.
Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal. Telangana High Court in the…
Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit
Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit…
No recovery can be made without following the procedure specified in Section 78 & 79 of the GST Act
No recovery can be made without following the procedure specified in Section 78 & 79 of the GST Act …
Substantive compliance overrides procedural requirements: No Penalty u/s 270A for the simple reason that Assessee did not file Form No. 68 but made application on plain paper
Substantive compliance overrides procedural requirements: No Penalty u/s 270A for the simple reason that Assessee did not file Form No.…
AO cannot issue 2nd notice under section 148A (b) as supplement to first notice, raking up new issue without independently satisfying the time lime and monetary limit
AO cannot issue 2nd notice under section 148A (b) as supplement to first notice, raking up new issue without independently satisfying…
Addition purely based on third-party non-compliance is unwarranted: ITAT Ahemedabad.
Addition purely based on third-party non-compliance is unwarranted: ITAT Ahemedabad. ITAT Ahemdabad in the case of Dushyant M. Pandya…
Loss on sale of shares on Stock Exchange can be set off against LTCG from sale of unlisted shares if STT is paid on quoted shares even if LTCG on shares Exempt U/s 10(38): ITAT Kolkata
Loss on sale of shares on Stock Exchange can be set off against LTCG from sale of unlisted shares if…
Surcharge on income tax applicable only on income exceeding ₹50 Lakhs and not to be considered for MMR if income is below the limit: ITAT Kolkata
Surcharge on income tax applicable only on income exceeding ₹50 Lakhs and not to be considered for MMR if income…
Discrepancies in reporting in number of Board Meeting in MGT-7A vis a vis Board meetings – ROC imposed monetary penalty on a Company
Discrepancies in reporting in number of Board Meeting in MGT-7A vis a vis Board meetings – ROC imposed monetary penalty…
Non-appointment of at least one woman director on the board under section 149 – ROC imposed fine on 3 companies
Non-appointment of at least one woman director on the board under section 149 – ROC imposed fine on 3 companies…
Intimation under Section 143(1) issued without providing an opportunity to the assessee, violates the principles of natural justice and hence unsustainable: ITAT Banglore.
Intimation under Section 143(1) issued without providing an opportunity to the assessee, violates the principles of natural justice and hence…
Clearance of PF/ESI payment after the due date due to technical glitches/server issues is allowable as deduction: ITAT Ahemedabad
Clearance of PF/ESI payment after the due date due to technical glitches/server issues is allowable as deduction: ITAT Ahemedabad …
VAT Penalties not allowable as Deduction: ITAT Bangalore
VAT Penalties not allowable as Deduction: ITAT Bangalore Recently, ITAT Banglore in the case of Kadharegowda Siddaraju vs ITO…
When Charity is Harder than Business: Stricter Tax Rules for Charitable Trusts
When Charity is Harder than Business: Stricter Tax Rules for Charitable Trusts Running a charitable trust might seem simpler than managing a…
