TRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023)
TRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023) Facts of the Case:…
Income Tax
CIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta HC
CIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta…
How to claim TDS refunds if it is not shown in the ITR filed
How to claim TDS refunds if it is not shown in the ITR filed Filing of Income Tax Return (ITR)…
Provisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only applicable in case of transfer of shares
Provisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only…
Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC
Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC PCIT Vs Videocon Industries…
CBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed
CBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed…
100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73
100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73 In the High Court of…
Bonafide error in filing return – No loss of revenue – Technicalities should not come in the way for allowing rectification: Mum HC
Bonafide error in filing return – No loss of revenue – Technicalities should not come in the way for allowing…
Financial Intelligence Unit- India: An overview
Financial Intelligence Unit- India: An overview Introduction: Financial Intelligence Unit – India (FIU) is the central, national agency responsible for…
Recipient cannot be held liable for circulating bogus invoices by the Supplier.
Recipient cannot be held liable for circulating bogus invoices by the Supplier. The Hon’ble Calcutta High Court in the…
DRC 03 made in Protest by Taxpayer to be treated as Appeal Pre-Depsoit by Revenue: Bombay HC
DRC 03 made in Protest by Taxpayer to be treated as Appeal Pre-Depsoit by Revenue: Bombay HC The copy…
ITAT Chennai dismisses appeal for late filing beyond 8 years:
ITAT Chennai dismisses appeal for late filing beyond 8 years: Adithya Ferro Alloys Pvt. Limited Vs AO (ITAT Chennai)…
Check Income tax portal now: Pending tax demand of up to RS 1 lakh per individual waived by govt
Check Income tax portal now: Pending tax demand of up to RS 1 lakh per individual waived by govt …
CBDT Order for nullifying Income Tax Demand up to Rs. 25,000/-
CBDT Order for nullifying Income Tax Demand up to Rs. 25,000/- The copy of the order is as under:…
ROC imposed penalty on auditors for non-disclosure of required information in financial statements
ROC imposed penalty on auditors for non-disclosure of required information in financial statements ROC levied penalty of Rs.1.50 lakhs…
Contract Farming: Whether eligible for exemption under Income Tax Act?
Contract Farming: Whether eligible for exemption under Income Tax Act? Introduction: Agriculture income earned by individuals and HUF is…
Housing loan & Tax Treatment of Pre-Construction Period Interest
Housing loan & Tax Treatment of Pre-Construction Period Interest Query 1] We have booked an under construction flat for Rs.…
Key Changes in ITR 6 applicable to companies for AY 2024-25
Key Changes in ITR 6 applicable to companies for AY 2024-25 CBDT has notified Income-tax Return Form 6 for…
