Penalty U/S 270A and immunity against the same:
Penalty U/S 270A and immunity against the same: 1. What is Sec 270A? As per section 270A of the…
Income Tax
Reopening proceedings against wife should be dropped when the investment was made by husband: Bombay HC
Reopening proceedings against wife should be dropped when the investment was made by husband: Bombay HC Kalpita Arun Lanjekar…
No order was passed against the rectification application filed for 6 years, Bombay HC directs disciplinary action against the AO:
No order was passed against the rectification application filed for 6 years, Bombay HC directs disciplinary action against the AO:…
Taxation of Bank FDR, KVP & NPS – Tier II Account: An overview
Taxation of Bank FDR, KVP & NPS – Tier II Account: An overview [Query 1] I didn’t…
ROC Delhi & Haryan Slaps cr Penalty on a Company that “crowdsourced”equity capital :Independent Directors also fined
ROC Delhi & Haryan Slaps cr Penalty on a Company that “crowdsourced”equity capital :Independent Directors also fined It’s illegal…
Validity of reopening of the cases for all the six years U/s 153C without indiscriminating material
Validity of reopening of the cases for all the six years U/s 153C without indiscriminating material Here is an…
No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC
No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana…
Reassessment Order Against Housewife Invalid When Property Was Purchased by Her Husband
Reassessment Order Against Housewife Invalid When Property Was Purchased by Her Husband Hon’ble Bombay High Court (“BHC”) quashes the…
Time-limit for audit commences from date of furnishing records and other documents: Madras HC
Time-limit for audit commences from date of furnishing records and other documents: Madras HC The Madras High Court addressed the…
ITR E-Verification: CBDT issued Corrigendum to Notification No. 02 of 2024 dated 31.03.2024
ITR E-Verification: CBDT issued Corrigendum to Notification No. 02 of 2024 dated 31.03.2024 1. Where the ITR is uploaded…
Interest received either on delayed compensation enhanced compensation is chargeable as “income from other sources”
Interest received either on delayed compensation enhanced compensation is chargeable as “income from other sources” Interest received either on…
CBDT Clarification on Special Drive to Reopen Cases with Reference to HRA claims
CBDT Clarification on Special Drive to Reopen Cases with Reference to HRA claims The copy of the order is…
Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.
Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer. Option…
Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC
Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC AGRA PORTFOLIO PVT.…
ITAT deletes addition of cash deposits made during demonetisation:
ITAT deletes addition of cash deposits made during demonetisation: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi)…
Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC
Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC M/S. MINI…
CBDT Interim Action Plan for F.Y. 2024 – 2025
CBDT Interim Action Plan for F.Y. 2024 – 2025 The copy of the order is as under: CBDT…
Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification
Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification [Query 1] Kindly clarify the…
