Posted inJUDGEMENT The AO Cannot, After Conclusion of Proceedings u/s 147, Take Aid of Explanation 3 to Section 147 to Make Any Addition u/s 154 October 21, 2021
Posted inJUDGEMENT Mistake of Counsel May Be Taken Into Account in Condoning Delay: ITAT Amritsar October 18, 2021
Posted inJUDGEMENT The Legislative Intent is to Apply Section 56(2)(viib) Where Unaccounted Money Received in Garb of Share Premium October 17, 2021
Posted inJUDGEMENT The Words “In India” Cannot be Read Into Section 54F When Parliament in Its Legislative Wisdom Has Deliberately Not Used the Words: ITAT Bangalore October 15, 2021October 15, 2021
Posted inJUDGEMENT Amendment w.e.f. AY 2014-15 Will Not Apply to A Purchase Transaction of Immovable Property For Which Full Consideration is Paid Pre-Amendment: ITAT Ranchi October 14, 2021
Posted inINCOME TAX Income Tax Portal has been further strengthened, 1.9 crore returns that have been filed using the new system: Infosys CEO October 13, 2021October 13, 2021
Posted inJUDGEMENT The Tendency to Perceive Delay As A Non-Serious Matter Should be Discouraged: ITAT Delhi October 13, 2021October 13, 2021
Posted inJUDGEMENT The Loss Arising to Assessee for Cancellation of Its Shares Pursuant to Reduction of Capital Should be Allowed as Long Term Capital Loss: ITAT Mumbai October 12, 2021
Posted inINCOME TAX Cash transactions: Those cash transactions which are monitored by the Income Tax Department by TaxConcept October 11, 2021October 11, 2021
Posted inINCOME TAX Income tax: 5 cash transactions that can attract I-T notice by CS LALIT RAJPUT October 10, 2021October 10, 2021
Posted inJUDGEMENT The Only Requirement For Granting Registration Under Section 11/ 12AA of the Income Tax Act is That The Objects of The Society Should be Charitable in Nature and Activities are Genuine: ITAT Amritsar October 9, 2021October 9, 2021
Posted inINCOME TAX Payment Made by An Indian Company to A Foreign Celebrity For Appearance in A Product Launch in Foreign Which Was For the Business in India, is Taxable: ITAT Mumbai October 8, 2021October 8, 2021
Posted inINCOME TAX Must Read: Middle Men Provided End to End Encrypted Services for Tax Evasion But Income Tax Department Unearthed the Same October 7, 2021October 7, 2021
Posted inJUDGEMENT Where the Deductor has Deducted Tax at Source But Has Not Deposited the Tax with the Government, the Assessee Cannot be Made to Suffer: ITAT Delhi October 7, 2021October 7, 2021
Posted inBUSINESS & ECONOMY Sachin Tendulkar and Anil Ambani are the Part of Pandora Papers Leak. Know All Details Here October 6, 2021October 6, 2021
Posted inJUDGEMENT A Representative Office of a Foreign Enterprise is Not a Taxable Unit. Foreign Enterprise is the Taxable Unit: ITAT Mumbai October 5, 2021October 5, 2021
Posted inJUDGEMENT An Indian Taxpayer is Not Entitled to Claim Refunds From the Government of India of Taxes Paid Outside India: ITAT Mumbai October 4, 2021
Posted inJUDGEMENT Order of the AO Imposing Penalty on Assessee Under Section 271AAB of the Income Tax Act Does Not Pass the Mandate of the Provisions of Section 271AAB of the Act. So Appeal of the Assessee is Allowed: ITAT Patna October 3, 2021October 3, 2021
Posted inINCOME TAX CBDT Notifies Income Tax Rules Which Seeks to Withdraw Tax Demands on Indirect Transfer of Indian Assets Prior to 28th May 2012 October 2, 2021October 2, 2021
Posted inINCOME TAX Income Tax Department Issues Revised Instructions for Filing Form 15CA and 15CB on New Income Tax Portal October 2, 2021October 2, 2021
Posted inJUDGEMENT Assessing Officer Withheld the Refund Without Assigning the Reason Which is Required by Law. So the Petition of the Assessee is Allowed: Calcutta High Court October 2, 2021
Posted inINCOME TAX Must Read: Truth Behind the Message Which is Saying About Mandatory Quoting of PAN Number from 1st October 2021 in All Invoices of Rs 2 Lakh or More October 1, 2021October 1, 2021
Posted inJUDGEMENT There is No Employer- Employee Relationship If Doctor is Paid on the Basis of Patients Attended: ITAT October 1, 2021October 1, 2021
Posted inJUDGEMENT Only Amount Reflected in Form 26AS Does Not Mean that Assessee is the Actual Beneficiary Unless It is Established: ITAT September 30, 2021September 30, 2021
Posted inINCOME TAX Rectification Tab is Enabled on New Income Tax Portal September 29, 2021September 30, 2021
Posted inJUDGEMENT As the Activities of the Assessee are Under the Statutory Obligation under Development Act 1973, The Activities Can Not be Treated as Trade, Commerce or Business: ITAT Agra September 28, 2021September 28, 2021
Posted inINCOME TAX Income Tax Search and Seizure: Irregularity versus an illegal Income Tax Search-An Analysis by MOHIT GUPTA September 27, 2021September 27, 2021
Posted inJUDGEMENT The Commissioner has to Re-Examine the Application of the Assessee Because He Rejected the Assessee’s Application Without the Opportunity of Being Heard: ITAT Agra September 27, 2021September 27, 2021
Posted inMAGAZINES Business Concept’s Daily E-News Letter- 26-09-2021 Only for TC VIP Users September 26, 2021September 26, 2021
