• Income Tax

If assessee not liable to deduct TDS, no late fee u/s 234E can be imposed for delayed TDS return

1 year ago

When assessee not liable to deduct TDS, no late fee u/s 234E can be imposed for late filing of TDS…

  • Income Tax

ITR can’t be revised by AO beyond limitation on direction of ITAT – SC

1 year ago

ITR can’t be revised by AO beyond limitation on direction of ITAT which did not exercising its power u/s 254…

  • Audit

Principal Auditor to perform procedures specified in SA 600 in group audits – NFRA

1 year ago

Principal Auditor mandatorily required to perform procedures specified in SA 600 in case of group audits to obtain sufficient appropriate…

  • GST

Building can also be treated as a plant u/s 17(5(d) for giving benefit of ITC – SC

1 year ago

Building can also be treated as a plant u/s 17(5)(d) of CGST Act 2017 for giving benefit of ITC -…

  • Income Tax

Mere use of expression “Yes, I am satisfied” not a valid approval u/s 148 – High Court

1 year ago

Mere use of expression “Yes, I am satisfied” cannot be considered to be a valid approval u/s 148 - High…

  • Income Tax

CBDT issues revised guidelines for condonation of delay u/s 119(2)(b)

1 year ago

CBDT issues revised guidelines for condonation of delay and to admit an application or claim for refund and carry forward of…

  • Income Tax

Re-assessment notices for old regime period can be issued after 01.04.2021 under TOLA – SC

1 year ago

Income Tax Re-assessment notices under old regime period can be issued after 01.04.2021 under TOLA – Supreme Court In a…

  • Income Tax

Admission of assessee without corroborative evidence no basis for any addition – HC

1 year ago

Even admission of assessee without corroborative evidence cannot be made basis for addition – High Court In a recent judgment,…

  • Income Tax

Nobody withdraws cash & keep it idle for a long period – addition for cash deposit upheld

1 year ago

Nobody would withdraw cash and keep it idle for a long period – ITAT uphold addition for cash deposit In…

  • Income Tax

No rejection of additional evidence merely because it was not produced before AO

1 year ago

Assessee should not be disqualified from producing evidence merely for the fact it was not produced before the Assessing Officer…