Income TaxExcessive or unreasonable salary, is a sine qua non in invoking the provision of Sec 40A(2)(b): ITAT Ahmedabad1 year agoExcessive or unreasonable salary, is a sine qua non in invoking the provision of Sec 40A(2)(b): ITAT Ahmedabad …
Income TaxWhether weekends can be counted for the purpose of period for which notice is given?1 year agoWhether weekends can be counted for the purpose of period for which notice is given? The Bombay high court…
Income TaxWhether proceedings can be continued against the legal representatives in case of default committed by a deceased?1 year agoWhether proceedings can be continued against the legal representatives in case of default committed by a deceased? The issue before Nagpur ITAT was in…
Income TaxWhether an assessment of a Non-Resident Indian (NRI) can be reopened when all investments were made from an NRE account and the NR has failed to file its return of income1 year agoWhether an assessment of a Non-Resident Indian (NRI) can be reopened when all investments were made from an NRE account…
Income TaxPenalty of Rs. 16.09 lakhs for not reporting dues of 18.58 Lakh in MSME – I 1 year agoPenalty of Rs. 16.09 lakhs for not reporting dues of 18.58 Lakh in MSME – I According to the provisions of the…
Income TaxAdditions cannot be made based on profit assumptions: Punjab & Haryana HC1 year agoAdditions cannot be made based on profit assumptions: Punjab & Haryana HC M/s Shree Digvijaya Woollen Mills Ltd., Amristar…
Income TaxNon Linking of PAN with Aadhar & TDS demand: CBDT Relaxation till 31st May 20241 year agoNon Linking of PAN with Aadhar & TDS demand: CBDT Relaxation till 31st May 2024 Query 1] I have purchased…
Income TaxExtension of due data for filing of Form No. 10A/10AB under the Income-Tax Act, 19611 year agoExtension of due data for filing of Form No. 10A/10AB under the Income-Tax Act, 1961 The copy of the…
Income TaxMere providing identity of the investors without proving the creditworthiness and genuineness would result into addition U/S 68: Calcutta HC1 year agoMere providing identity of the investors without proving the creditworthiness and genuineness would result into addition U/S 68: Calcutta HC…
Income TaxWhatsApp images, piece of paper, without corroborative evidences , cannot be the basis of additions: ITAT Surat1 year agoWhatsApp images, piece of paper, without corroborative evidences , cannot be the basis of additions: ITAT Surat ACIT…
Income TaxNon Linking of PAN with Aadhar: Relaxation from demand if linked subsequently1 year agoNon Linking of PAN with Aadhar: Relaxation from demand if linked subsequently The CBDT With a view to…
Income TaxAll about Slump Sale:1 year agoAll about Slump Sale: 1. What is slump sale? Slump sale also referred as business transfer is where the assessee…
Income TaxCBDT again amends Form 3CD for 43B(h) Reporting1 year agoCBDT again amends Form 3CD for 43B(h) Reporting – Disclosure to be made in Clause 22 instead of…
Income TaxManual cash book reconciles with the books of accounts, income tax addition not sustainable: ITAT1 year agoManual cash book reconciles with the books of accounts, income tax addition not sustainable: ITAT Bijender Singh Lohia (ITAs…
Income TaxNo Tax Relief for Person with Disabilities in the New Tax Regime 1 year agoNo Tax Relief for Person with Disabilities in the New Tax Regime Query 1] Is there any special provision…
IT JudgementCan GST liability be recovered from the former Director (who resigned) from the Company?1 year agoCan GST liability be recovered from the former Director (who resigned) from the Company? The Bombay HC HELD…
Income TaxWhatsApp Image cannot be sole ground to make additions.1 year agoWhatsApp Image cannot be sole ground to make additions. In a recent case, the Surat Tribunal has made a…
Income TaxPenalties should not be Imposed solely for technical errors lacking any intent to evade tax1 year agoPenalties should not be Imposed solely for technical errors lacking any intent to evade tax Facts: Rawal Wasia…