Bombay High Court Orders Multi-Agency Investigation into Accommodation Entry Racket
Bombay High Court Orders Multi-Agency Investigation into Accommodation Entry Racket Here is one of the major Tax Ruling on Section…
Income Tax
Issue in filling applications (SPL 01/SPL 02) under waiver scheme
Issue in filling applications (SPL 01/SPL 02) under waiver scheme The Copy of the Applications is as under :…
AIFTP apt representation for timely appeal disposal, expedite hearings, and issue clear guidelines to resolve pendency
AIFTP apt representation for timely appeal disposal, expedite hearings, and issue clear guidelines to resolve pendency The All India Federation…
Satisfaction of Twin condition (i) an error prejudicial to the interests of the Revenue and (ii) lack of proper inquiry by the Assessing Officer must for invoking revisionary power under section 263
Satisfaction of Twin condition (i) an error prejudicial to the interests of the Revenue and (ii) lack of proper inquiry…
Provision, if commercially prudent and contractually required, is not merely permissible but necessary and cannot be equated with uncertain or notional liabilities: Delhi HC
Provision, if commercially prudent and contractually required, is not merely permissible but necessary and cannot be equated with uncertain or…
Delhi HC allows ITC Despite Wrong GSTN
Delhi HC allows ITC Despite Wrong GSTN Delhi HC Permits ITC Despite Wrong GSTN; Quashes Rs. 5.65 Cr Demand…
CBDT issues clarification on exemptions from Principal Purpose Test (PPT)
CBDT issues clarification on exemptions from Principal Purpose Test (PPT) In a significant move to steady investor nerves, while…
If shares are held for over 12 months and consistently treated as investments, the resulting income should be treated as capital gains & not as Business Income
If shares are held for over 12 months and consistently treated as investments, the resulting income should be treated as…
Where regular assessment proceedings have been commenced U/s 143(2), there is no need for summary proceedings under Section 143(1)(a)
Where regular assessment proceedings have been commenced U/s 143(2), there is no need for summary proceedings under Section 143(1)(a) …
Reassessment Quashed Due to Borrowed Satisfaction and Lack of Independent Inquiry
Reassessment Quashed Due to Borrowed Satisfaction and Lack of Independent Inquiry Krishna Murthy Ella, Chairman & MD of Bharat…
Reopening on one ground and addition on different Ground – ITAT Confirmed CIT(A)’s Decision to Cancel Reassessment
Reopening on one ground and addition on different Ground – ITAT Confirmed CIT(A)’s Decision to Cancel Reassessment Recently, ITAT…
Nagpur ITAT deleted addition under section 69A in respect of cash loans as Assessee acted as a finance broker
Nagpur ITAT deleted addition under section 69A in respect of cash loans as Assessee acted as a finance broker …
An overview of FAQ on compounding of offences under Income Tax Act, 1961
An overview of FAQ on compounding of offences under Income Tax Act, 1961 The Income Tax Department has released…
Delay of 2372 days in filing Form 10B Condoned by Bombay HC
Delay of 2372 days in filing Form 10B Condoned by Bombay HC Facts of the Case: The Borivli Education Society,…
Transactions by Charitable Trust with Persons Specified U/s. 13(3) of Income Tax Act, 1961
Transactions by Charitable Trust with Persons Specified U/s. 13(3) of Income Tax Act, 1961 1. Introduction: Income Tax Law…
Key Updates on Compounding of Offences: An overview of the CBDT Circular No. 04/2025
Key Updates on Compounding of Offences: An overview of the CBDT Circular No. 04/2025 The Central Board of Direct…
Income Tax Penalties: An overview of the cost of Non – Compliance!
Income Tax Penalties: An overview of the cost of Non – Compliance! Failure to comply with Income Tax regulations…
Mere statement recorded during search cannot be treated as incriminating document for making addition in a search case
Mere statement recorded during search cannot be treated as incriminating document for making addition in a search case Pursuant…
