Income Tax

Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source

3 months ago

Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source …

Income Tax

Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?

3 months ago

Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims? Many…

Income Tax

Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati

3 months ago

Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati ITAT Gauhati…

Income Tax

Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law

3 months ago

Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law The rigours of section 269SS…

Income Tax

Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either

3 months ago

Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either Every year, between August and March, Indian taxpayers…

Income Tax

ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice

3 months ago

ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice…

Income Tax

All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT

3 months ago

All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT The assessee challenged…

Income Tax

Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude

3 months ago

Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude Microsoft…

Income Tax

CBDT chief urges tax officials to prepare for transition to new Income Tax Act

3 months ago

CBDT chief urges tax officials to prepare for transition to new Income Tax Act 1. Central Board of Direct…

Income Tax

Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down

3 months ago

Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down DCIT v. Niru Dhiren…

Income Tax

Recovery of tax demand from an employee is not permissible if TDS was done by the employer but not deposited with the Government.

3 months ago

Recovery of tax demand from an employee is not permissible if TDS was done by the employer but not deposited…

Income Tax

TDS credit cannot be denied merely due to technical mismatches

3 months ago

TDS credit cannot be denied merely due to technical mismatches – Here is an important Mumbai ITAT ruling for…

Income Tax

Joint Development Agreements Under Scanner: Common Tax Mistakes Landowners Are Making

3 months ago

Joint Development Agreements Under Scanner: Common Tax Mistakes Landowners Are Making Joint Development Agreements (JDAs) have come under increased…

Income Tax

NEW TAX REGIME ALLOWED DESPITE INADVERTENT SELECTION OF OLD REGIME

3 months ago

NEW TAX REGIME ALLOWED DESPITE INADVERTENT SELECTION OF OLD REGIME Here is one judgement wherein CIT(A) has allowed the…

Income Tax

Partners can offer income for taxation under section 44AD or 44ADA? – A landmark order by ITAT Delhi

3 months ago

Partners can offer income for taxation under section 44AD or 44ADA? – A landmark order by ITAT Delhi In…

Income Tax

Interest on the income-tax refund received was eligible for deduction under Section 80IA: ITAT

3 months ago

Interest on the income-tax refund received was eligible for deduction under Section 80IA: ITAT Recently, an ITAT has held that…

Income Tax

Condonation granted for a period of 14 years in filing appeal for AY 2010-11

3 months ago

Condonation granted for a period of 14 years in filing appeal for AY 2010-11 Delay Condonation Approach adopted in…

Income Tax

Gujrat HC finally takes a view on condonation of delay in GST appeals

3 months ago

Gujrat HC finally takes a view on condonation of delay in GST appeals Under GST law, Section 107 prescribes…

Income Tax

Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source

Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?

Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati

Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law

Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either

ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice

All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT

Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude

CBDT chief urges tax officials to prepare for transition to new Income Tax Act

Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down

Recovery of tax demand from an employee is not permissible if TDS was done by the employer but not deposited with the Government.

TDS credit cannot be denied merely due to technical mismatches

Joint Development Agreements Under Scanner: Common Tax Mistakes Landowners Are Making

NEW TAX REGIME ALLOWED DESPITE INADVERTENT SELECTION OF OLD REGIME

Partners can offer income for taxation under section 44AD or 44ADA? – A landmark order by ITAT Delhi

Interest on the income-tax refund received was eligible for deduction under Section 80IA: ITAT

Condonation granted for a period of 14 years in filing appeal for AY 2010-11

Gujrat HC finally takes a view on condonation of delay in GST appeals

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