• Income Tax

Assessee has right to get complete statements recorded against him – High Court

1 year ago

Assessee has right to get complete statements recorded against him and relied upon by the Income Tax Department  during the…

  • Income Tax

CBDT issues FAQs on new capital gains tax regime proposed in Union Budget 2024-25

1 year ago

CBDT issues 13 FAQs on new Capital Gain Tax Regime proposed in Union Budget 2024-25 Union Budget 2024-25 has proposed…

  • bankruptcy

Payment by corporate guarantor does not extinguish liability of corporate debtor – SC

1 year ago

Payment by corporate guarantor does not extinguish liability of corporate debtor to pay the entire amount payable - SC In…

  • Income Tax

AO is under obligation to give reasons for not accepting explanations u/s 69

1 year ago

Under Section 69, AO is under obligation to give reasons for not accepting explanations given by the assessee - ITAT…

  • Income Tax

ITAT remitted case for verification of Transporter’s declaration u/s 194C(6)

1 year ago

ITAT remitted case for verification of Transporter's declaration u/s 194C(6) and decide the issue of addition on account of non…

  • Excise/Custom

Customs duty payable even after confiscated goods redeemed after payment of fine – SC

1 year ago

Customs duty payable even after confiscated goods redeemed after payment of fine - SC In a recent judgment, Hon'ble Supreme…

  • Income Tax

Limit of allowable partners remuneration u/s 40(b) increased from AY 2025-26 onwards

1 year ago

Limit of allowable partners remuneration u/s 40(b) increased from AY 2025-26 onwards Finance Bill 2024 has increased the limit of…

  • Income Tax

Capital Gain Tax on sale of Shares/Mutual Funds Units increased. Indexing abolished

1 year ago

Capital Gain Tax on sale of Shares, Mutual Fund Units increased. Indexing abolished Finance Bill 2024 has increased the income…

  • Income Tax

CIT(A) empowered to remand best judgment cases back to AO for fresh assessment

1 year ago

CIT(A) empowered to remand the best judgment cases back to the Assessing Officer for making a fresh assessment. Union Budget…

  • Income Tax

Time limit of six years to file TDS/TCS correction statement w.e.f. 01.04.2025

1 year ago

Time limit of six years has been proposed to file TDS/TCS correction statement. The Union Budget 2024-25 has proposed a…