Assessee was exploring review petition in good faith, delay in filing appeals could be condoned: Delhi HC
Assessee was exploring review petition in good faith, delay in filing appeals could be condoned: Delhi HC Facts: 1.An…
Income Tax
If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS Rate
If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS…
November -30th: Last Date to avail ITC for FY 2022-23
November -30th: Last Date to avail ITC for FY 2022-23 November 30 is the last date for availing input…
Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper service
Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper…
Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit
Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …
Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC
Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC Facts: 1.A residential…
Excess stock found during survey is taxable as Business Income and not Other Source Income
Excess stock found during survey is taxable as Business Income and not Other Source Income The ITAT bench…
Capital gain exemption cannot be denied for the reason that house property was not intended for personal use
Capital gain exemption cannot be denied for the reason that house property was not intended for personal use …
Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?
Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of…
Excess stock surrendered during survey can be treated as unexplained income?
Excess stock surrendered during survey can be treated as unexplained income? The ITAT bench of Indore in the…
Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263
Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power…
Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.
Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of…
Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA
Income earned from unqualified person notcovered by presumptive scheme of taxation under section 44ADA There are lot many persons…
Legal validity of Rule 37A for F.Y 2022-23
Legal validity of Rule 37A for F.Y 2022-23 Rule 37A provides for reversal of ITC by recipient in case…
Assessment order passed by AO without quoting DIN – generation of DIN subsequently
Assessment order passed by AO without quoting DIN – generation of DIN subsequently ITAT in the case of. Harjeet Singh…
Income Tax benefits to startups (Sec 80-IAC)
Income Tax benefits to startups (Sec 80-IAC) 1.Section 80-IAC provides for a deduction of 100 percent of profits from…
Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC
Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC …
VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata
VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata M/s. Britannia Industries (ITA…
(viii) is a capital subsidy: ITAT Kolkata){kind=link}
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