Difference of opinion does not justify revision under Section 263: SLP of Revenue dismissed by SC
Difference of opinion does not justify revision under Section 263: SLP of Revenue dismissed by SC Recently, SLP of…
Income Tax
Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two properties in two names
Capital Gain Exemption Allowed by Delhi ITAT in case of property sold in Individual person and investment is done two…
If a provision was not available in the statute at the time of entering into the agreement, it cannot be applied subsequently: Nagpur ITAT
If a provision was not available in the statute at the time of entering into the agreement, it cannot be…
Compensation for removing the nuisance – Can it be a Tax Planning Tool?
Compensation for removing the nuisance – Can it be a Tax Planning Tool? Mumbai Tribunal in the case of…
Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search
Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search Chhattisgarh High…
GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction
GST: ITC cannot be denied if the supplier’s GSTIN was active at the time of the transaction Here is…
Absence of the VDIS certificate cannot be fatal to the assessee’s claim if credible alternate evidence is produced
Absence of the VDIS certificate cannot be fatal to the assessee’s claim if credible alternate evidence is produced Delhi ITAT…
Reassessment completed without issuance of notice U/s 143(2) Notice- Assessee’s participation doesn’t not validate the proceeding
Reassessment completed without issuance of notice U/s 143(2) Notice- Assessee’s participation doesn’t not validate the proceeding Recently, ITAT Delhi…
Delay in appointment of Women Director – ROC imposed a penalty of Rs. 3.43 Lakh on the company and its Directors
Delay in appointment of Women Director – ROC imposed a penalty of Rs. 3.43 Lakh on the company and its…
Reopening U/s 147 is invalid if it is alleging bogus purchases where infact there was no purchases in the relevant year.
Reopening U/s 147 is invalid if it is alleging bogus purchases where infact there was no purchases in the relevant…
ITAT Mumbai Slams AO for Not Probing Real Culprits – Quashed Rs. 103 Cr Benami Addition on Auto-Rickshaw Driver
ITAT Mumbai Slams AO for Not Probing Real Culprits – Quashed Rs. 103 Cr Benami Addition on Auto-Rickshaw Driver …
Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against CBDT Circulars.
Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against…
BJP CA cell demanded Amnesty Scheme for Partnership Firms
BJP CA cell demanded Amnesty Scheme for Partnership Firms Date: – 29/04/2025 To, Shri Devendra Fadnavis Ji Hon’ble Dy. Chief…
Key Changes in ITR Forms for AY 2025-26 You Should Know
Key Changes in ITR Forms for AY 2025-26 You Should Know The Income Tax Department has notified several important…
Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad
Reopening cannot be based on incorrect or non-existent facts: ITAT Hyderabad The Indian Income Tax Act, 1961 provides a…
ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii)
ITAT Delhi allowed the commission paid to shareholder-directors under section 36(1)(ii) The Revenue filed an appeal before the Hon’ble…
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before…
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC
Just Uploading on Portal is not equivalent to Service of Notice – Madras HC In a significant relief to…
