Income TaxMCA imposed Penalty of ₹20 Lakh for delay In appointing whole-Time Company Secretary2 years agoMCA imposed Penalty of ₹20 Lakh for delay In appointing whole-Time Company Secretary In the matter of M/s. Venkatramana…
Income TaxApproval of delay application should focus on sufficient reason, not merits of claim U/s 119(2)(b) of Income Tax Act: Kerala High Court2 years agoApproval of delay application should focus on sufficient reason, not merits of claim U/s 119(2)(b) of Income Tax Act: Kerala…
Income TaxSection 43A Vs. Foreign exchange fluctuations on loan taken to buy capital assets in India2 years agoSection 43A Vs. Foreign exchange fluctuations on loan taken to buy capital assets in India Recently in PR. COMMISSIONER…
Income TaxAffidavit & Declaration on stamp paper of Rs. 100 shall continue to be valid: Clarification Circular issued by Maharashtra Stamp Department2 years agoAffidavit & Declaration on stamp paper of Rs. 100 shall continue to be valid: Clarification Circular issued by Maharashtra Stamp…
Income TaxIf main is to carry on the business of leasing of immovable properties then resultant income is Business Income and not House Property Income: Bombay HC2 years agoIf main is to carry on the business of leasing of immovable properties then resultant income is Business Income and…
Income TaxNew Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT2 years agoNew Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT Most of you would…
Income TaxRental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before Bombay HC2 years agoRental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before…
Income TaxWill renting of residential flat be charged only under house property post the amendment in Finance Act 2024?2 years agoWill renting of residential flat be charged only under house property post the amendment in Finance Act 2024? Relevant…
Income TaxFirms opting for presumptive taxation– need for amendment in partnership deeds?2 years agoFirms opting for presumptive taxation– need for amendment in partnership deeds? [Query 1] I am a trader in the…
Income TaxMumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 1512 years agoMumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 151 DCIT-42 Vs. Sunil Harischandra…
Income TaxCan 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 ?2 years agoCan ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the…
Income TaxCash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur2 years agoCash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur Facts: 1. AO…
Income Tax𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐎𝐟𝐟𝐢𝐜𝐞𝐫2 years ago𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲…
Income TaxRequest 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 fee2 years agoRequest 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…
Income TaxBUYING OR RENTING A HOUSE: WHICH ONE IS BETTER?2 years agoBUYING OR RENTING A HOUSE: WHICH ONE IS BETTER? For many Indians, owning a home is not just a goal—it’s…
Income TaxNon disposal of application for trust registration within 6 months cannot be construed as deemed registration:2 years agoNon disposal of application for trust registration within 6 months cannot be construed as deemed registration: Case Title: The…
Income TaxWill Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial ownership?2 years agoWill Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial…
Income TaxAssessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi2 years agoAssessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi Recently by order dated 16.10.2024 passed…