• Income Tax

Penalty u/s 270A for claiming bogus deductions deleted for failure to mention specific clauses

1 year ago

Penalty u/s 270A for claiming bogus deductions deleted by ITAT for failure to identify specific Clauses from (a)to (f) of…

  • Income Tax

Dropped Reassessment proceedings revived on change of opinion quashed

1 year ago

Dropped Reassessment proceedings revived by corrigendum on change of opinion without any new material not allowable. In a recent judgment,…

  • Income Tax

For payment of interest on refund, amount paid as tax is different from amount seized

1 year ago

For payment of interest on refund of amounts paid as tax is quite different from amount seized from the possession…

  • Income Tax

Rotations from Auto Sweep A/c not fresh investments-Addition u/s 68 deleted

1 year ago

Rotations from Auto Sweep A/c not fresh investments-Addition deleted In a recent judgment, ITAT Mumbai has deleted the addition u/s…

  • Income Tax

Maintenance charges received from tenants taxable as income from other sources

1 year ago

Maintenance charges received from tenants taxable under income from other sources not house property – ITAT In a recent judgment,…

  • ICAI

ICAI invites EOI for Empanelment of Faculty / Experts for Online Modules

1 year ago

ICAI invites Expression of Interest (EOI) for Empanelment of Faculty / Subject Matter Experts for Self-paced Online Modules. The Institute…

  • Income Tax

Filing revised ITR do not deprive assessee of opportunity to oppose proposed variation

1 year ago

Filing revised return in reply to show cause does not deprive assessee of opportunity to oppose proposed variation In a…

  • Companies Act

MCA deploys Web-Form PAS-7, extends time for Filing of PAS-7 up to 05.08.2024

1 year ago

MCA extends time for Filing of PAS-7 for submitting details of share warrants with RoC without payment of additional fees…

  • ICAI

ICAI issues Guidance Note on Non-Compliances Observed by QRB

1 year ago

ICAI issues Guidance on Non-Compliances Observed by Quality Review Board (QRB) related to Engagement and Quality Control Standards and observations…

  • Income Tax

Income Tax benefits for senior citizens. Higher exemptions, relief and rebates

1 year ago

Income Tax benefits for senior citizens, higher exemptions, relief and rebates  Income Tax benefits for senior citizens, higher exemptions, relief…