Enhanced tax rate of 60% u/s. 115BBE not Applicable to cash deposits during demonetisation?
Enhanced tax rate of 60% u/s. 115BBE not Applicable to cash deposits during demonetisation? Recently got an occasion to…
Income Tax
FTC cannot be denied on the ground that corresponding income has not been offered for tax in the year under consideration.
FTC cannot be denied on the ground that corresponding income has not been offered for tax in the year under…
Mere seizure of share certificates cannot be considered as incriminating material without any other corroborative evidences during search: ITAT, Delhi
Mere seizure of share certificates cannot be considered as incriminating material without any other corroborative evidences during search: ITAT, Delhi…
Capital Gain Exemption allowable even if the construction of the house is commenced prior to the sale of old property
Capital Gain Exemption allowable even if the construction of the house is commenced prior to the sale of old property…
Excel Utility to Update the Rebate u/s 87A released by Income Tax Department had changed
Excel Utility to Update the Rebate u/s 87A released by Income Tax Department had changed The Income Tax Department…
Penalty imposed by Bombay HC on PCIT and JAO for mechanically passing and approving the orders in the reassessment proceedings Further asked to verify the conduct of these officers
Penalty imposed by Bombay HC on PCIT and JAO for mechanically passing and approving the orders in the reassessment proceedings…
ITAT Bangalore’s Decision in Buckeye Trust Recalled
ITAT Bangalore’s Decision in Buckeye Trust Recalled There were some observation for Private Trusts and Succession Planning which was…
Failure to issue share certificates within 2 months from the date of incorporation – ROC imposed Penalty of Rs. 1.50 Lakh on the company and Directors
Failure to issue share certificates within 2 months from the date of incorporation – ROC imposed Penalty of Rs. 1.50 Lakh…
An option to file online Rectification Applications with the AO
An option to file online Rectification Applications with the AO The Income Tax Department has launched the much-awaited option…
Extension for Filing Revised or Belated Income Tax Returns: Clearing the Air
Extension for Filing Revised or Belated Income Tax Returns: Clearing the Air Tax season often brings its share of…
Incorrect Email, Invalid Order: Lessons from Neha Bhawsingka vs. Union of India [2024] 169 taxmann.com 669 (Calcutta High Court)
Incorrect Email, Invalid Order: Lessons from Neha Bhawsingka vs. Union of India [2024] 169 taxmann.com 669 (Calcutta High Court) When…
Local Committee on High Pitched Assessment is not required to provide a personal hearing and its findings are not binding on appellate authorities: Madras HC
Local Committee on High Pitched Assessment is not required to provide a personal hearing and its findings are not binding…
Tax Due Date Chart for January 2025
Tax Due Date Chart for January 2025 The Copy of the Chart is as under: New Microsoft Office Excel…
CA certificate in FC-4 now will have to point out non-compliance of any provision of the Act and Rules
CA certificate in FC-4 now will have to point out non-compliance of any provision of the Act and Rules …
Reassessment under the Income Tax Act should be grounded in solid evidence rather than speculation,
Reassessment under the Income Tax Act should be grounded in solid evidence rather than speculation, Reassessment under the Income Tax…
Failure to exercise professional judgement & perform appropriate audit procedures- NFRA Imposed fine on two more Auditors
Failure to exercise professional judgement & perform appropriate audit procedures- NFRA Imposed fine on two more Auditors NFRA Penalises…
Unauthorized transactions with related parties without the proper approval of Audit Committee, Board and Shareholders: NFRA slapped penalty of Rs. 2 crores on Auditor
Unauthorized transactions with related parties without the proper approval of Audit Committee, Board and Shareholders: NFRA slapped penalty of Rs.…
Stamp Duty valuation of 2013 vis a vis 2016: Reopening quashed as income escaping assessment was below Rs. 50 Lakh & the statutory time limit of 3 years has expired.
Stamp Duty valuation of 2013 vis a vis 2016: Reopening quashed as income escaping assessment was below Rs. 50 Lakh &…
