• Income Tax

CBDT revised guidelines 2024 for compounding of offences under Income-Tax Act 1961

1 year ago

CBDT issues revised guidelines 2024 for compounding of offences under Income-Tax Act 1961 In conformity with the  Finance Minister’s budget…

  • Income Tax

Penalty u/s 271B confirmed for lack of proof that Books were destroyed by termite

1 year ago

Penalty u/s 271B confirmed for lack of proof that Books of accounts were destroyed by termite In a recent judgment,…

  • Income Tax

Whether ITR filed or not tax can be levied on assessee being a Sikkimese u/s 10(26)(AAA)

1 year ago

Whether assessee filed or not filed return in view of section 10(26)(AAA) tax can not be levied on the assessee…

  • Income Tax

Sale of jewellery increased substantially on 08.11.2016 on demonetization announcement

1 year ago

Sale/purchase of jewellery increased substantially on 08.11.2016 after announcement of demonetization – ITAT deleted addition u/s 69A In a recent…

  • Income Tax

There is no statutory requirement for an agriculturist to maintain books of accounts

1 year ago

There is no statutory requirement for an agriculturist to maintain books of accounts - ITAT In a recent judgment, the…

  • Income Tax

RBI exempted from TCS u/s 206C(1F) on purchase of motor vehicle

1 year ago

RBI exempted from TCS u/s 206C(1F) on purchase of motor vehicle  CBDT has exempted Reserve Bank of India from provisions…

  • Income Tax

CBDT amends rule 31AA and 37I related to TCS return and credit for TCS u/s 206C

1 year ago

CBDT amends rule 31AA and 37I related to TCS return and credit for TCS u/s 206C MINISTRY OF FINANCE(Department of…

  • Insurance

Amount of compensation claimed not a bar for Tribunal and High Court to award more

1 year ago

Amount of compensation claimed is not a bar for Tribunal and High Court to award more than what is claimed,…

  • Income Tax

When entire agricultural produce was sold through Krishi Upaj Mandi, its beyond doubt

1 year ago

When entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt - ITAT…

  • Income Tax

CBDT issues Guidance Note on Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024,

1 year ago

CBDT issues Guidance Note / FAQs on Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024 In order to facilitate the…