• Income Tax

In slump sale acquisition, to claim depreciation, WDV in books of seller immaterial

1 month ago

In slump sale acquisition, purchaser to claim depreciation on lump sum consideration irrespective of WDV in the books of accounts…

  • Income Tax

India & Qatar enters DTAA & Protocol for prevention of fiscal evasion of taxes

1 month ago

Agreement and Protocol between the India and Qatar for avoidance of double taxation and prevention of fiscal evasion with respect…

  • Income Tax

Under presumptive taxation u/s 44AD, assessee could not have maintained sales bills – ITAT

1 month ago

Under presumptive taxation u/s 44AD, assessee could not have maintained sales bills and bank statement, bank balance and gross receipt…

  • Income Tax

Amalgamation does not take away right of income tax to proceed against transferee company

1 month ago

Amalgamation order does not take away right of income tax department to proceed against the transferee company, In a recent…

  • Income Tax

Addition u/s 69A for cash deposits deleted as it was covered by income declared u/s 44AD

1 month ago

Addition u/s 69A for solely cash deposits in bank account deleted as it was covered by income declared u/s 44AD…

  • Income Tax

Order u/s 263 quashed as PCIT not provided information & not considered evidences

1 month ago

ITAT quashed revision order u/s 263 passed without providing information to assessee and not considering submissions & evidences furnished. In…

  • VAT

Benefit of ITC accrued under UP VAT Act after introduction of GST Act 2017 – SLP admitted

1 month ago

Benefit of ITC accrued under UP VAT Act to dealers after introduction of GST Act 2017 though having closing stocks…

  • Sales Tax

Mounting auto rickshaw body on chassis, amounts to new product – Supreme Court

1 month ago

Mounting auto rickshaw body on chassis, amounts to new product coming into existence liable to purchase tax under U.P. Sales…

  • Income Tax

Registration u/s 12A granted without applying tests laid down by Apex Court set aside

1 month ago

High Court order upholding direction for Registration u/s 12A without applying determinative tests laid down by Apex Court set aside…

  • Income Tax

In absence of satisfaction recorded for penalty u/s 271D, penalty couldn’t be levied

1 month ago

In the absence of satisfaction recorded in the assessment order regarding penalty proceedings under Section 271D, no penalty could be…