Income TaxWhatsApp images, piece of paper, without corroborative evidences , cannot be the basis of additions: ITAT Surat25 Apr at 5:53 am0WhatsApp images, piece of paper, without corroborative evidences , cannot be the basis of additions: ITAT Surat ACIT…
Income TaxNon Linking of PAN with Aadhar: Relaxation from demand if linked subsequently24 Apr at 5:42 am0Non Linking of PAN with Aadhar: Relaxation from demand if linked subsequently The CBDT With a view to…
Income TaxAll about Slump Sale:23 Apr at 12:51 pm0All about Slump Sale: 1. What is slump sale? Slump sale also referred as business transfer is where the assessee…
Income TaxCBDT again amends Form 3CD for 43B(h) Reporting23 Apr at 9:25 am0CBDT again amends Form 3CD for 43B(h) Reporting – Disclosure to be made in Clause 22 instead of…
Income TaxManual cash book reconciles with the books of accounts, income tax addition not sustainable: ITAT23 Apr at 5:10 am0Manual cash book reconciles with the books of accounts, income tax addition not sustainable: ITAT Bijender Singh Lohia (ITAs…
Income TaxNo Tax Relief for Person with Disabilities in the New Tax Regime 22 Apr at 5:34 am0No Tax Relief for Person with Disabilities in the New Tax Regime Query 1] Is there any special provision…
IT JudgementCan GST liability be recovered from the former Director (who resigned) from the Company?20 Apr at 11:48 am0Can GST liability be recovered from the former Director (who resigned) from the Company? The Bombay HC HELD…
Income TaxWhatsApp Image cannot be sole ground to make additions.20 Apr at 6:38 am0WhatsApp Image cannot be sole ground to make additions. In a recent case, the Surat Tribunal has made a…
Income TaxPenalties should not be Imposed solely for technical errors lacking any intent to evade tax20 Apr at 5:22 am0Penalties should not be Imposed solely for technical errors lacking any intent to evade tax Facts: Rawal Wasia…
Income TaxPenalty proceedings cannot be initiated after the resolution plan is approved: Delhi HC19 Apr at 6:01 am0Penalty proceedings cannot be initiated after the resolution plan is approved: Delhi HC M Tech Developers Pvt. Ltd.…
Income TaxCash sales during demonetisation already reported as sales, cannot be taxed twice as unexplained credit: ITAT Delhi18 Apr at 5:23 am0Cash sales during demonetisation already reported as sales, cannot be taxed twice as unexplained credit: ITAT Delhi Harisons Diamonds…
Income TaxWeekends & Holidays are to be reduced while taking into account the time given for compliance: Bombay High Court17 Apr at 7:19 am0Weekends & Holidays are to be reduced while taking into account the time given for compliance: Bombay High Court …
Income TaxAssessment order passed in the name of deceased person quashed by High Court17 Apr at 6:45 am0Assessment order passed in the name of deceased person quashed by High Court The Hon’ble Single Judge in this…
Income TaxWhere there is variation in the quantum of income under approval and in draft order, such order u/s148(d) and consequential notice u/s 148 is liable to be quashed.17 Apr at 6:01 am0Where there is variation in the quantum of income under approval and in draft order, such order u/s148(d) and consequential…
Income TaxAll about Form 10AB in the context of Charitable Trusts:16 Apr at 8:42 am0All about Form 10AB in the context of Charitable Trusts: 1. Introduction: Every trust/charitable society/ NGO that wishes to…
Income TaxPenalty U/S 270A and immunity against the same:16 Apr at 8:24 am0Penalty U/S 270A and immunity against the same: 1. What is Sec 270A? As per section 270A of the…
Income TaxReopening proceedings against wife should be dropped when the investment was made by husband: Bombay HC16 Apr at 5:32 am0Reopening proceedings against wife should be dropped when the investment was made by husband: Bombay HC Kalpita Arun Lanjekar…
Income TaxNo order was passed against the rectification application filed for 6 years, Bombay HC directs disciplinary action against the AO:15 Apr at 11:48 am0No order was passed against the rectification application filed for 6 years, Bombay HC directs disciplinary action against the AO:…