PCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court
PCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court…
Income Tax
Individuals Paying More Taxes than Corporates
Individuals Paying More Taxes than Corporates A recent report shows that individuals pay more taxes than the corporate. The…
NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and Observation by Bombay High Court
NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and…
ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021
ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021…
Adherence to statutory time limits is crucial in tax assessments
Adherence to statutory time limits is crucial in tax assessments Recently, Income Tax Appellate Tribunal, Mumbai in the case…
Sale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC
Sale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC The Delhi High Court recently clarified that…
Addition on the basis of statement recorded has no evidentiary value without any incriminating material
Addition on the basis of statement recorded has no evidentiary value without any incriminating material ITAT Kolakata has reiterated…
Maharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism
Maharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism Darpan Sharma Director – NJ Analysts…
Per Incuriam : A Legal Compass for Ensuring Judicial Consistency
Per Incuriam : A Legal Compass for Ensuring Judicial Consistency The recent Constitution Bench (5 judges) in Bajaj Alliance General Insurance Co. Ltd. [2024 INSC 840] discussed…
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay in filing Return under section 119(2)(b)
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay…
Whether income from the sale of software licenses should be classified as business income or royalty income?
Whether income from the sale of Software licenses should be classified as business income or royalty income? The key…
CPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it
CPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it …
10 Years of delay in filing appeal Condoned by Hyderabad ITAT
10 Years of delay in filing appeal Condoned by Hyderabad ITAT ITAT while condoning the delay in filing an…
Issue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment: Delhi HC
Issue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment:…
Admission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their claims.
Admission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their…
Not opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh
Not opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh The ROC,…
Incorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years of delay in filing appeal
Incorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years…
Losses in speculative business- provisions for set off and carry forward
Losses in speculative business- provisions for set off and carry forward Introduction: A speculation loss refers to the financial…
