Firms opting for presumptive taxation– need for amendment in partnership deeds?
Firms opting for presumptive taxation– need for amendment in partnership deeds? [Query 1] I am a trader in the…
Income Tax
Mumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 151
Mumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 151 DCIT-42 Vs. Sunil Harischandra…
Can ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the vehicle after using it for a defined period of time ?
Can ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the…
Cash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur
Cash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur Facts: 1. AO…
𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐎𝐟𝐟𝐢𝐜𝐞𝐫
𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲…
Request for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4 NBFC (Ind AS), MGT-7, MGT-7A for the Financial Year ended 31.03.2024 without levying additional fee
Request for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4…
BUYING OR RENTING A HOUSE: WHICH ONE IS BETTER?
BUYING OR RENTING A HOUSE: WHICH ONE IS BETTER? For many Indians, owning a home is not just a goal—it’s…
Non disposal of application for trust registration within 6 months cannot be construed as deemed registration:
Non disposal of application for trust registration within 6 months cannot be construed as deemed registration: Case Title: The…
Will Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial ownership?
Will Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial…
Assessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi
Assessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi Recently by order dated 16.10.2024 passed…
Delay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT
Delay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT …
Brought forward depreciation loss can be set off only against business income and cannot be set off against income from any other source
Brought forward depreciation loss can be set off only against business income and cannot be set off against income from…
Can a TPO question the commercial expediency of a business transaction?
Can a TPO question the commercial expediency of a business transaction? 1. The Transfer Pricing Officer’s (TPO) role is…
Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court
Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court …
Service of the notice u/s 143(2) on the Assessee is a sine qua non or condition precedent for the validity of the Assessment Proceeding
Service of the notice u/s 143(2) on the Assessee is a sine qua non or condition precedent for the validity…
VSVS related CBDT circular: A Short Overview
VSVS related CBDT circular: A Short Overview Introduction: 1. The Direct Tax Vivad Se Vishwas Scheme, 2024 has been enacted…
Shares Income: Should it be classified as Business Income or Capital Gains?
Shares Income: Should it be classified as Business Income or Capital Gains? [Query 1] I remember reading in one…
CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961
CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961 The copy of the order is…
