360 Degree overview of the E-disputes Resolution Scheme – 2022
360 Degree overview of the E-disputes Resolution Scheme – 2022 By the Finance Act -2021, the Government has added section…
Income Tax
ITAT Mumbai started following Hexaware Technologies
ITAT Mumbai started following Hexaware Technologies Hexaware Technologies is the most talked about case after the Ashish Agrawal Judgement…
Assessments under central charge and international taxation would have to be completed under faceless assessment scheme: Bombay HC
Assessments under central charge and international taxation would have to be completed under faceless assessment scheme: Bombay HC Facts:…
Mandatory faceless procedure for issuing notices under section 148 does not exclude Central Charges and International Taxation charges: Bombay High Court
Mandatory faceless procedure for issuing notices under section 148 does not exclude Central Charges and International Taxation charges: Bombay High…
Department may centralize assessment if there are sufficient reasons: Bombay High Court upholds transfer order U/s 127
Department may centralize assessment if there are sufficient reasons: Bombay High Court upholds transfer order U/s 127 Facts: 1. …
Compliance Calendar for September’2024 Revised
Compliance Calendar for September’2024 Revised INCOME TAX ▪ 07th September 2024 – Due date for payment of TCS/ TDS…
Taxation of LTCG for non residents post amendments by Finance Act 2024:
Taxation of LTCG for non residents post amendments by Finance Act 2024: 1. Under the Finance Act 2024, significant…
Tax Impact on Share Buybacks: Old Vs New Law
Tax Impact on Share Buybacks: Old Vs New Law The Finance Act (No. 2) of 2024 introduces sweeping changes that…
No penalty u/s 270A as loss declared under ‘Income from other sources’ couldn’t be set off or carried forward: ITAT
No penalty u/s 270A as loss declared under ‘Income from other sources’ couldn’t be set off or carried forward: ITAT…
An overview of Rules for set off and carry forward of losses
An overview of Rules for set off and carry forward of losses 1. Before making inter-head adjustment, the taxpayer…
Rectification under section 154 of the Act is not obligatory on the part of the Assessing Officer if clear data is not available: Nagpur ITAT
Rectification under section 154 of the Act is not obligatory on the part of the Assessing Officer if clear data…
Ex-parte order passed by serving notice on email – ITAT remanded back the matter to AO
Ex-parte order passed by serving notice on email – ITAT remanded back the matter to AO The Income Tax…
Reopening of assessments for assessment year as back as AY 2014-15, Ay 2015-16, 2016-17 and 2017-18 is not permissible: Delhi HC
Reopening of assessments for assessment year as back as AY 2014-15, Ay 2015-16, 2016-17 and 2017-18 is not permissible: Delhi…
Overview Penalties under Income Tax Act-1961
Overview Penalties under Income Tax Act-1961 The copy of the order is attached herewith: Penalties under Income Tax Act 1961…
Interest income of Credit cooperative societies from its investment with other bank eligible for deduction U/s 80P: Nagpur ITAT
Interest income of Credit cooperative societies from its investment with other bank eligible for deduction U/s 80P: Nagpur ITAT …
Does the old dictum of ‘reasons to believe’ hold true in light of 2021 amendments in process of reopening of assessments?
Does the old dictum of ‘reasons to believe’ hold true in light of 2021 amendments in process of reopening of…
Would bonafide mistake in non disclosure of foreign assets in return result into penalty under Black Money Law?
Would bonafide mistake in non disclosure of foreign assets in return result into penalty under Black Money Law? 1.…
Bombay HC Censures AO for Unconscionable Conduct, Disregarding Binding Judgement, Slaps Rs25,000 Fine
Bombay HC Censures AO for Unconscionable Conduct, Disregarding Binding Judgement, Slaps Rs25,000 Fine Samp Furniture Pvt. Ltd. Vs ITO…
