Tax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT
Tax liability is governed by the law prevailing at the time of entering into the transaction: Nagpur ITAT The…
Income Tax
An interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8)
An interplay between Charity and Business for the purpose of section 2(15), 11(4A) and 13(8) For those working with charitable…
Whether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed before CIT (A) under section 250?
Whether rectification under section 154 of the Income Tax Act, 1961 can be filed even if the appeal is filed…
No notice under section 143(2) Notice – Assessment May Be Void
No notice under section 143(2) Notice – Assessment May Be Void As per CBDT Circular No. F.No.225/157/2017/ITA-II dated 23.06.2017, any…
Opted for New Regime by filing Form No. 10IE but filed ITR under Old Regime – ITAT granted the benefit under old Regime
Opted for New Regime by filing Form No. 10IE but filed ITR under Old Regime – ITAT granted the benefit…
An overview of Annual Compliances under Company Law, income Tax Law & MSME Act for the private limited company
An overview of Annual Compliances under Company Law, income Tax Law & MSME Act for the private limited company …
No independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of LTCG exemption under Section 10(38)
No independent inquiry in penny stock case – ITAT Mumbai deleted addition of Rs. 4 Cr due to denial of…
Delhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless”
Delhi HC slams GST Department: Denying refund to widow after husband’s death, termed it is as “completely baseless“ The…
Additions made on the basis of surmises and conjectures is not sustainable: Delhi HC
Additions made on the basis of surmises and conjectures is not sustainable: Delhi HC Delhi High Court in the…
Supreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to verify all such transactions
Supreme Court directed all courts & Registrar to report the violation of section 269ST. Also instructed Income Tax Department to…
Reopening based on an incorrect factual premise is bad in law: ITAT Hyderabad
Reopening based on an incorrect factual premise is bad in law: ITAT Hyderabad The Indian Income Tax Act, 1961…
Bombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed
Bombay High Court imposed interest burden on the erring officer for delayed issue of the Refund – Accountability fixed …
Assessments Possible even after concluded assessment u/s 153A: Madras High Court
Assessments Possible even after concluded assessment u/s 153A: Madras High Court ACIT v. Dalmia Bharat Ltd (WP(MD)Nos.19202 of 2018,…
The financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the officials responsible: Bombay High Court
The financial liability for delay must not fall on the State Exchequer or taxpayers. It must be recovered from the…
Rejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad”
Rejection of Books without Specific Defects is Unsustainable: ITAT Hyderabad” ssessing Officer rejected the books of accounts and estimated…
Spa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi
Spa consultancy and market research involve individual expertise and fall under Independent Personal Services: ITAT Delhi Sujan Luxury Hospitality…
Compliance Calendar for May’2025
Compliance Calendar for May’2025 INCOME TAX – 07th May 2025- Due date for deposit of Tax collected for the…
Your Housing Society vs the Taxman: What Every RWA Needs to Know
Your Housing Society vs the Taxman: What Every RWA Needs to Know Query] Will you please let me know the…
