Day: May 31, 2024
AO not obliged to decided pointwise objection of assessee in response to notice u/s 148A(b) In a recent judgment, the Hon’ble Allahabad High Court has held that all merit objections raised by the assessee in response to a notice issued under Section 148A(b) of the Act are not …
Order u/s 148A(d) quashed for non furnishing vital information to assessee to rebut allegation of escapement of income In a recent judgment, the Hon’ble Allahabad High Court has set aside order passed u/s 148A(d) holding that when vital information was not furnished to assessee, due compliance of Section …
Financier taking possession of transport vehicle for non payment of loan is liable to pay road tax from the date of taking possession of the said vehicle In a recent judgment, the Hon’ble Allahabad High Court has held that a financier in possession of transport vehicle is liable …
Late fee on TDS payments and payment of interest on GST is allowable expenditure u/s 37 of the Income Tax Act – ITAT In a recent judgment, the ITAT Chennai has held that late fee paid on TDS payments and interest on late payment of GST is allowable …