• Income Tax

Book Profit u/s 115JB can not be computed as per cash basis of accounting

1 year ago

Book Profit u/s 115JB to be computed as per Profit & Loss Account prepared under Schedule III of the Companies…

  • Income Tax

Order not in conformity of Faceless Assessment Scheme if not est? – ITAT remands case

1 year ago

Order not in conformity of Faceless Assessment Scheme 2019 if not est? - ITAT remands the case in view of…

  • Income Tax

Section 68 to 69B applicable only if assessee is required to maintain books of accounts

1 year ago

Provisions of section 68 to 69B applicable only if assessee is required to maintain books of accounts under provisions of…

  • Income Tax

When show cause notice proposed addition u/s 68, addition can not be made u/s 69A

1 year ago

When show cause notice proposed addition u/s 68 as unexplained cash credits, in assessment order addition can not be made…

  • Income Tax

AO directed to consider belated reply due to illegible copy of SCN u/s 148A(b)

1 year ago

AO directed to pass order u/s 148A(d) after considering belated reply filed by assessee after supply of legible copies of…

  • Income Tax

Limited scrutiny converted into complete scrutiny without permission illegal

1 year ago

AO converted limited scrutiny into complete scrutiny without obtaining permission and in violation of CBDT Instruction - ITAT quashed Assessment…

  • Income Tax

No Addition on the basis of suspicion for cash seized at the time of Assembly Election

1 year ago

No Addition can be made on the basis of suspicion for cash seized at the time of Assembly Election In…

  • Income Tax

Typographical mistake in reasons recorded led to quashing of Re-assessment order

1 year ago

Re-assessment order quashed for typographical mistake in reasons recorded  In a recent judgment, Hon'ble High Court of Jharkhand held that…

  • GST

In tax matters if appeal provision exists, assessee should be relegated to said remedy

1 year ago

Matters involving tax where provision of appeal is provided, the assessee should be relegated to the said remedy – High…

  • Income Tax

Assessment order and penalty notice quashed as Resolution Plan was approved 

1 year ago

Once Resolution Plan is approved by COC, it is binding on all stakeholders. High Court quashed Assessment order and penalty…