• Finance Ministry

Senior Citizens Welfare Fund to bear 7.15% interest wef 01.04.2023 to 31.03.2024

1 year ago

Senior Citizens Welfare Fund to bear 7.15% interest wef 01.04.2023 to 31.03.2024 MINISTRY OF FINANCE(Department of Economic Affairs)NOTIFICATION New Delhi,…

  • Budget 2024-25

Suggestions invited from the Industry & Trade Associations for Budget 2024-25

1 year ago

Suggestions invited from the Industry and Trade Associations for Budget 2024-25 In the context of formulating the proposals for the…

  • Income Tax

Notice under Section 148(A)(b) defective if assessee dead earlier – order quashed.

1 year ago

Notice under Section 148(A)(b) was defective as the assessee was dead earlier to its issuance – Karnataka High Court. In…

  • Income Tax

Onus to prove source of source of loan/ borrowing mandatory from AY 2023-24

1 year ago

Onus to prove source of source of a loan/borrowing mandatory from AY 2023-24 In a recent judgment, ITAT Raipur has…

  • Income Tax

Notice u/s 148A(b) giving less than seven days time to submit response quashed

1 year ago

Notice u/s 148A(b) giving less than seven days time to submit response quashed In a recent judgment, the Hon'ble High…

  • Income Tax

Deduction u/s 54F allowed for residential house purchased in name of wife

1 year ago

Deduction u/s 54F allowed for residential house purchased in the name of wife - ITAT In a recent judgment, the…

  • Income Tax

TDS 194IA not applicable if individual share of assessee is less than 50 lakhs in property

1 year ago

TDS 194IA not applicable if individual share of assessee is less than 50 lakhs in property purchased - ITAT In…

  • ICAI

ICAI competent to impose restriction on number of tax audits per year by CAs – Supreme Court

1 year ago

ICAI competent to impose restriction on number of tax audits u/s 44AB per year  - Supreme Court settles the pending…

  • Income Tax

CIT(A) should decide the issue on merit rather than suggesting remedial action – ITAT

1 year ago

CIT(A) should decide the issue on merit rather than suggesting remedial action In a recent judgment, the ITAT Ahmedabad has…

  • Income Tax

Not striking-off of limb of penalty u/s 271AAB – ITAT deleted penalty

1 year ago

Not striking-off of limb of penalty u/s 271AAB – ITAT deleted penalty as assessee was not made aware of the…