Sec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai
Sec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai Gopalkrishna Pandu Shetty…
Income Tax
Revenue is misinterpreting the Scheme, perhaps to cover its deficiency of not following the Scheme for issuing notice under Section 148 by JAO & not by FAO: Bombay HC
Revenue is misinterpreting the Scheme, perhaps to cover its deficiency of not following the Scheme for issuing notice under Section…
Section 44AD would not operate to curtail the scope of income as defined under s. 2(24): ITAT Ahmedabad
Section 44AD would not operate to curtail the scope of income as defined under s. 2(24): ITAT Ahmedabad One of the…
Addition cannot be made under Section 68, merely for non-response from directors to notices: Calcutta HC
Addition cannot be made under Section 68, merely for non-response from directors to notices: Calcutta HC PCIT Vs Atlantic…
E-Assessment of Income Escaping Assessment Scheme, 2022 is clear and categorical that notice U/s 148 of the Act shall be issued through automated allocation and in a faceless manner & so Notice issued by JAO is invalid: Bombay HC
E-Assessment of Income Escaping Assessment Scheme, 2022 is clear and categorical that notice U/s 148 of the Act shall be…
In Faceless assessments, if the AO does not agree with the explanations provided by the assessee, an opportunity for personal hearing is mandatory: Allahabad HC
In Faceless assessments, if the AO does not agree with the explanations provided by the assessee, an opportunity for personal…
All about Form No. 10BD & How to file it online
All about Form No. 10BD & How to file it online The copy of the order is as under:…
E-Assessment of Income Escaping Assessment Scheme, 2022] provides that the notice U/s 148 shall be issued through automated allocation, in accordance with risk management strategy- Notice issued by JAO is invalid: Bombay HC
E-Assessment of Income Escaping Assessment Scheme, 2022] provides that the notice U/s 148 shall be issued through automated allocation, in…
An overview of Rule No. 18AB for furnishing of Statement of Donation Received in Form No. 10BD
An overview of Rule No. 18AB for furnishing of Statement of Donation Received in Form No. 10BD Explanation 2A…
Unveiling Tax Evasion: Real-Life Cases Exposed by Income Tax Authorities
Unveiling Tax Evasion: Real-Life Cases Exposed by Income Tax Authorities Tax evasions are dealt strongly all over the world,…
Section 44AD doesn’t mean straight forward deduction of 92% of Expenses
Section 44AD doesn’t mean straight forward deduction of 92% of Expenses One of the most common questions arises while…
Whether Cash seized by the income tax department can be adjusted against Self- Assessment Tax payable by the taxpayers?
Whether Cash seized by the income tax department can be adjusted against Self- Assessment Tax payable by the taxpayers? Whether…
Money saved due to low interest rate loans availed by bank employees taxable: SC
Money saved due to low interest rate loans availed by bank employees taxable: SC All India Bank Officers’ Confederation…
IITAT upheld CIT(A) justification of admitting additional evidenced produced
IITAT upheld CIT(A) justification of admitting additional evidenced produced The submission of additional evidence is often there whenever the…
TDS credit reflected in Form No. 26AS after the income tax return Filed? Here is a solution
TDS credit reflected in Form No. 26AS after the income tax return Filed? Here is a solution Taxpayers can claim…
Issuance of Notice by JAO & not FAO is invalid as an act which is done by an authority contrary to the provisions of the statue causes prejudice to assessee: Bombay HC
Issuance of Notice by JAO & not FAO is invalid as an act which is done by an authority contrary…
Modified return in the case of business reorganisation: An Overview
Modified return in the case of business reorganisation: An Overview Section 170A of the Income-tax Act, 1961 provides that…
Reassessment Proceeding: Short Overview of the Bombay High Court in Hexaware Technologies Limited v. ACIT
Reassessment Proceeding: Short Overview of the Bombay High Court in Hexaware Technologies Limited v. ACIT Hon’ble Bombay High court in…
