• Income Tax

No bar to file Form 10IE opting New Tax Regime for next AY if rejected in preceding AY

1 year ago

No bar to upload Form 10IE, for opting New Tax Regime in subsequent Assessment Year, even after one Form 10IE…

  • Income Tax

Addition u/s 68 for cheque received on last day reversed on 1st April next year. SLP dismissed

1 year ago

Addition u/s 68 on account of cheque received from director of the company on the last day of the financial…

  • Income Tax

CIT(A) can’t dismiss appeal in limine merely stating that assessment order is upheld

1 year ago

CIT(A) can not dismiss appeal in limine by merely stating the assessment order passed by AO is upheld and that…

  • Prevention of Money Laundering Act 2002

RBI permits four more entities to perform Aadhaar authentication under PMLA

1 year ago

RBI permits four more entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the…

  • Income Tax

ITAT deleted penalty u/s 270A observing law does not bar from making a claim

1 year ago

ITAT deleted penalty u/s 270A observing that law does not bar or prohibit a person from making a claim, when…

  • Income Tax

Assessment Order can not be passed if objections are pending before DRP – High Court

1 year ago

Assessment Order can not be passed if the objections filed by the assessee are pending before the DRP – High…

  • Income Tax

PCIT u/s 263 cannot direct AO to do again and again enquiry the way he wants

1 year ago

PCIT exercising revisionary power u/s 263 cannot direct the AO to do again and again enquiry the way the PCIT…

  • RBI

RBI waives collateral security & margin for agricultural loans upto ₹2 lakh

1 year ago

RBI waives collateral security and margin requirements for agricultural loans including loans for allied activities upto ₹2 lakh per borrower.…

  • Income Tax

Assessee regularly filing returns would have certain savings, accumulated funds – ITAT

1 year ago

Assessee who is regularly filing income tax returns, would have in possession of certain amount of past savings/accumulated funds -…

  • Income Tax

Assessment u/s 147 without giving assessee copy of reasons to believe invalid – ITAT

1 year ago

Assessment framed u/s 147 without providing assessee copy of reasons to believe despite specific request was without valid assumption of…