Benefit of cost inflation index is available even in respect of foreign assets.
Benefit of cost inflation index is available even in respect of foreign assets. Mumbai Tribunal in the case of…
Income Tax
Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148 notice: Mumbai ITAT
Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148…
Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified: Mumbai ITAT
Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified:…
Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be quashed and set aside.
Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be…
10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit has already expired: Delhi HC
10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit…
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT…
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT…
๐๐ป๐ฐ๐ผ๐บ๐ฒ ๐ง๐ฎ๐ ๐ง๐ฟ๐ถ๐ฏ๐๐ป๐ฎ๐น ๐ข๐ฟ๐ฑ๐ฒ๐ฟ ๐ผ๐ป ๐ฑ๐ถ๐๐ฎ๐น๐น๐ผ๐๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ผ๐ฟ๐ฒ๐ถ๐ด๐ป ๐ง๐ฎ๐ ๐๐ฟ๐ฒ๐ฑ๐ถ๐
๐๐ป๐ฐ๐ผ๐บ๐ฒ ๐ง๐ฎ๐
๐ง๐ฟ๐ถ๐ฏ๐๐ป๐ฎ๐น ๐ข๐ฟ๐ฑ๐ฒ๐ฟ ๐ผ๐ป ๐ฑ๐ถ๐๐ฎ๐น๐น๐ผ๐๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ผ๐ฟ๐ฒ๐ถ๐ด๐ป ๐ง๐ฎ๐
๐๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ฒ๐ ๐๐๐๐๐ฒ๐: 1. Denial of Foreign Tax Credit (FTC) due…
Will the notice sent by the wrong officer invalidate the assessment proceeding?
Will the notice sent by the wrong officer invalidate the assessment proceeding? Upholding the order of the Tribunal quashing…
Mere surrender of income would not absolve the assessee from the levy of penalty until and unless the mandatory provisions of Section 271AAA(2) has not been complied.
Mere surrender of income would not absolve the assessee from the levy of penalty until and unless the mandatory provisions…
Final Assessment orders quashed by Mumbai ITAT as it was passed without issue of the draft assessment orders under Section 144C
Final Assessment orders quashed by Mumbai ITAT as it was passed without issue of the draft assessment orders under Section…
Notice issued with a delay of 2 Minutes: Reassessment Proceeding quashed by Delhi HC
Notice issued with a delay of 2 Minutes: Reassessment Proceeding quashed by Delhi HC In a twist that could…
Voluntary disclosure of income does not absolve the assessee from penalties under Section 271(1)(c) and 271AAB: Pune ITAT.
Voluntary disclosure of income does not absolve the assessee from penalties under Section 271(1)(c) and 271AAB: Pune ITAT. The Key…
Benami Transactions: Demonetized currency retained monetary value for conversion within prescribed timelines and so it is โpropertyโ under the BPTA
Benami Transactions: Demonetized currency retained monetary value for conversion within prescribed timelines and so it is โpropertyโ under the BPTA…
Section 249(4)(b) should not be rigidly when no ITR is filed & where the entire income assessed is disputed: ITAT Agra
Section 249(4)(b) should not be rigidly when no ITR is filed & where the entire income assessed is disputed: ITAT…
Two distinct flats situated on separate floors and lacking structural or functional integration could not be treated as one residential unit: Delhi HC.
Two distinct flats situated on separate floors and lacking structural or functional integration could not be treated as one residential…
Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43.
Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43. The Central Goods and…
Some important issues in Direct Tax Vivad se Vishwas Scheme:
Some important issues in Direct Tax Vivad se Vishwas Scheme: Introduction: The Direct Tax Vivad Se Vishwas Scheme, 2024,…
