No Reasons, No Valid Order: Bombay High Court Quashes Reassessment for Procedural Lapses
No Reasons, No Valid Order: Bombay High Court Quashes Reassessment for Procedural Lapses The Bombay High Court, in Jayant Avinash…
Income Tax
Interest on enhanced compensation for the acquisition of agricultural land under section 28 of the Land Acquisition Act, 1894 is not exempt under section 10(37): Delhi ITAT
Interest on enhanced compensation for the acquisition of agricultural land under section 28 of the Land Acquisition Act, 1894 is…
Non-appearance of suppliers or their inability to respond to notices under Section 133(6) does not make the purchases non-genuine
Non-appearance of suppliers or their inability to respond to notices under Section 133(6) does not make the purchases non-genuine …
Budget proposals in relation to Transfer Pricing Provisions:
Budget proposals in relation to Transfer Pricing Provisions: 1. Introduction: a. It has been noted that in reference under…
Orders issued under Section 201 to be adjudicated by the Joint Commissioner (Appeals) under the e-Appeals Scheme, 2023: CBDT Circular
Orders issued under Section 201 to be adjudicated by the Joint Commissioner (Appeals) under the e-Appeals Scheme, 2023: CBDT Circular…
Whether deduction can be claimed in Updated Return after it is processed U/s 14(1)(a)
Whether deduction can be claimed in Updated Return after it is processed U/s 14(1)(a) If any taxpayers has failed to…
Biggest Tax Bonanza Ever! Budget 2025 Brings Smiles to Millions
Biggest Tax Bonanza Ever! Budget 2025 Brings Smiles to Millions The Union Budget 2025 has come out with a…
केंद्रीय बजट 2025-26 में व्यक्तिगत आयकर (Income Tax) में किए गए बदलावों की मुख्य बातें !
केंद्रीय बजट 2025-26 में व्यक्तिगत आयकर (Income Tax) में किए गए बदलावों की मुख्य बातें ! यहाँ केंद्रीय बजट 2025-26…
Top 75 Highlights of Budget 2025 By FM Nirmala Sithraman
Top 75 Highlights of Budget 2025 By FM Nirmala Sithraman No Income Tax upto Income of Rs 12 Lakhs, New…
Interplay between sub-sections (5) and (8) of section 144C of Income tax Act 1961
Interplay between sub-sections (5) and (8) of section 144C of Income tax Act 1961 The power of DRP under…
Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot
Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot Section 56(2)(vii)(c)(ii) of Income Tax Act…
Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty.
Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty. Mumbasi ITAT has recently held that…
Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070 crore
Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070…
Commission paid to Non-residents for services rendered outside India not taxable without PE in India
Commission paid to Non-residents for services rendered outside India not taxable without PE in India Chennai ITAT rules that…
An order discussing Section 220(2A) providing discretionary powers to the Chief Commissioner or Commissioner to waive or reduce the interest levied on delayed payment of tax
An order discussing Section 220(2A) providing discretionary powers to the Chief Commissioner or Commissioner to waive or reduce the interest…
VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was available as on 22 July 2024
VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was…
Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra
Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra The decision in Aastitva Jain Family Trust…
Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule FA in earlier and subsequent years.
Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule…
