Income Tax

Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur.

2 years ago

Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur. ITAT Raipur recently has…

Income Tax

Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC

2 years ago

Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC …

Income Tax

Transfer of a share in partnership firm is also covered under section 56(2)(x)

2 years ago

Transfer of a share in partnership firm is also covered under section 56(2)(x) Section 56(2)(x) of Income Tax Act…

Income Tax

Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation of accommodation entries

2 years ago

Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation…

Income Tax

Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai

2 years ago

Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai Bhaskar Prataprai Shah Vs DCIT (ITAT…

Income Tax

Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever

2 years ago

Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever With Union Budget 2025 just a few days…

Income Tax

Section 159 applies only if reassessment notice is issued before Assessee’s death

2 years ago

Section 159 applies only if reassessment notice is issued before Assessee’s death In a writ petition recently, the court…

Income Tax

Section 87A PIL disposed of by Bombay HC

2 years ago

Section 87A PIL disposed of by Bombay HC On admissibility of rebate under section 87A, the court has held…

Income Tax

CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT

2 years ago

CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT Facts of the…

Income Tax

CBDT clarification on applicability of PPT while granting treaty benefits:

2 years ago

CBDT clarification on applicability of PPT while granting treaty benefits: Background: 1. MLI coming into force: On October 1st,…

Income Tax

Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC

2 years ago

Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC Vide its order dated…

Income Tax

Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error

2 years ago

Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error …

Income Tax

Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal.

2 years ago

Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal. Telangana High Court in the…

Income Tax

Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit

2 years ago

Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit…

GST Income Tax

No recovery can be made without following the procedure specified in Section 78 & 79 of the GST Act

2 years ago

No recovery can be made without following the procedure specified in Section 78 & 79 of the GST Act …

Income Tax

Substantive compliance overrides procedural requirements: No Penalty u/s 270A for the simple reason that Assessee did not file Form No. 68 but made application on plain paper

2 years ago

Substantive compliance overrides procedural requirements: No Penalty u/s 270A for the simple reason that Assessee did not file Form No.…

Income Tax

AO cannot issue 2nd notice under section 148A (b) as supplement to first notice, raking up new issue without independently satisfying the time lime and monetary limit

2 years ago

AO cannot issue 2nd notice under section 148A (b) as supplement to first notice, raking up new issue without independently satisfying…

Income Tax

Addition purely based on third-party non-compliance is unwarranted: ITAT Ahemedabad.

2 years ago

Addition purely based on third-party non-compliance is unwarranted: ITAT Ahemedabad. ITAT Ahemdabad in the case of Dushyant M. Pandya…

Income Tax

Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur.

Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC

Transfer of a share in partnership firm is also covered under section 56(2)(x)

Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation of accommodation entries

Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai

Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever

Section 159 applies only if reassessment notice is issued before Assessee’s death

Section 87A PIL disposed of by Bombay HC

CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT

CBDT clarification on applicability of PPT while granting treaty benefits:

Interest on deposits of surplus fund would qualify for the deduction u/s 80P(2)(a): Kerala HC

Bombay HC dismissed writ petition against reopening – Observed wrong mention of return not filed as a typographical error

Limitation period runs from the date the DRP’s directions are uploaded on the ITBA portal.

Reopening is invalid if the escaped income is below ₹50 lakh and the notice was issued after the 3-year limit

No recovery can be made without following the procedure specified in Section 78 & 79 of the GST Act

Substantive compliance overrides procedural requirements: No Penalty u/s 270A for the simple reason that Assessee did not file Form No. 68 but made application on plain paper

AO cannot issue 2nd notice under section 148A (b) as supplement to first notice, raking up new issue without independently satisfying the time lime and monetary limit

Addition purely based on third-party non-compliance is unwarranted: ITAT Ahemedabad.

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