• Income Tax

No special drive to reopen cases to examine HRA claims – CBDT clarification on media reports

1 month ago

No special drive to reopen cases to examine HRA claims - CBDT clarification on media reports claiming Income Tax Department…

  • Income Tax

HC stays re-assessment order u/s 148A(d) passed ignoring objections of assessee

1 month ago

High Court stays re-assessment proceedings as order u/s 148A(d) was passed ignoring objection of assessee. High Court stays re-assessment proceedings…

  • Income Tax

ITD using Digital Forensics & Financial Analysis experts during Search operations

1 month ago

ITD using Digital Forensics & Financial Analysis experts during Search operations Income Tax Department deploying Digital Forensics & Financial Analysis…

  • Income Tax

Disallowance u/s 40(A)(2)(b) – Onus is on Assessing Officer to made comparable study

1 month ago

Disallowance u/s 40(A)(2)(b) – Onus is on Assessing Officer to made comparable study  In a recent judgment, ITAT has deleted…

  • Income Tax

When no cash involved in transaction, Section 68 treating it unexplained cash credit not attracted

1 month ago

When no cash involved in transaction, Section 68 treating it unexplained cash credit not attracted  When there was no cash…

  • Income Tax

Provisions of section 69 not applicable to profit from trading of speculative Transactions – ITAT

1 month ago

Provisions of section 69 not applicable on the profit from trading of speculative Transactions In a recent judgment, ITAT has…

  • Audit

UK and Australia signed MoU on recognising auditors qualifications of both countries

1 month ago

UK and Australia signed MoU on recognising auditors to work between both countries The UK’s Financial Reporting Council (FRC) and…

  • Income Tax

Capital gain exemption u/s 54F denied as new house was in the name of husband

1 month ago

Capital gain exemption u/s 54F denied as new house was in the name of husband In a recent judgment, ITAT…

  • Income Tax

Mere placing notice on e-filing portal not in accordance with income tax provisions – ITAT

1 month ago

Mere placing notice on e-filing portal of Income tax not in accordance with income tax provisions - ITAT In a…

  • Income Tax

Compensation received for vacating flat possession not taxable being a capital receipt

1 month ago

Compensation received for vacating flat possession not taxable it is neither chargeable under the head ‘capital gains’ nor as income…