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Recent Posts
- 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
- 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
- Ex-parte order passed by serving notice on email – ITAT remanded back the matter to AO
- 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
- Overview 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
- Does the old dictum of ‘reasons to believe’ hold true in light of 2021 amendments in process of reopening of assessments?
- Would bonafide mistake in non disclosure of foreign assets in return result into penalty under Black Money Law?
- Bombay HC Censures AO for Unconscionable Conduct, Disregarding Binding Judgement, Slaps Rs25,000 Fine