Validity of imposition of penalty for not getting the books of accounts audited due to ignorance of law
Validity of imposition of penalty for not getting the books of accounts audited due to ignorance of law ”Ignorance…
no intention and income tax
Recent Posts
- When Data Speaks Louder Than Returns: Your Next Steps as a Taxpayer (Part 2)
- TDS on GST: Whether Tax Should Be Deducted on Gross Amount or GST-Exclusive Amount? A Complete Analysis under Sections 194C and 194J of the Income Tax Act, 1961
- Allahabad High Court rules that Speed Post is not equivalent to Registered Post for Section 148 notice service
- Here is another judgement on S.87A rebate on special income under new tax regime.
- Intimation under Section 143(1) cannot be issued after 9 months from the end of the FY in which the return is filed: ITAT
- Section 115BAA overrides all rate provisions, potentially disregarding special tax treatments under sections like 111A, 112, and 115BB: Delhi ITAT
- ITAT deleted addition due to invalidity of proceedings under Sections 147/148 and improper transfer under Section 127
- TDS not applicable on commission to NRI agents procuring foreign customers
- AO neither rejected the books nor conducted verification under Section 133(6): ITAT deleted addition under Section 68
- When sales are accepted as genuine, the corresponding purchases cannot be disallowed unless there is tangible evidence proving manipulation or falsity
