• Income Tax

Rectification order u/s 154 quashed by High Court, CPC directed to give Foreign Tax Credit

2 years ago

Rectification order u/s 154 quashed by High Court, CPC directed to give Foreign Tax Credit In a recent judgment, the…

  • Income Tax

Prosecution u/s 276B – Trial Court directed to consider Immunity in terms of CBDT circular

2 years ago

Income tax prosecution u/s 276B rws 278B – Trial Court directed to consider Immunity in terms of CBDT circular In…

  • Income Tax

Surrender during survey on account of low GP rate not taxable to higher rate u/s 115BBE

2 years ago

Income surrender during survey on account of low GP rate not taxable to higher tax rate under deeming provisions u/s…

  • Income Tax

If assessee not liable to deduct TDS, no late fee u/s 234E can be imposed for delayed TDS return

2 years ago

When assessee not liable to deduct TDS, no late fee u/s 234E can be imposed for late filing of TDS…

  • Income Tax

ITR can’t be revised by AO beyond limitation on direction of ITAT – SC

2 years ago

ITR can’t be revised by AO beyond limitation on direction of ITAT which did not exercising its power u/s 254…

  • Audit

Principal Auditor to perform procedures specified in SA 600 in group audits – NFRA

2 years ago

Principal Auditor mandatorily required to perform procedures specified in SA 600 in case of group audits to obtain sufficient appropriate…

  • GST

Building can also be treated as a plant u/s 17(5(d) for giving benefit of ITC – SC

2 years ago

Building can also be treated as a plant u/s 17(5)(d) of CGST Act 2017 for giving benefit of ITC -…

  • Income Tax

Mere use of expression “Yes, I am satisfied” not a valid approval u/s 148 – High Court

2 years ago

Mere use of expression “Yes, I am satisfied” cannot be considered to be a valid approval u/s 148 - High…

  • Income Tax

CBDT issues revised guidelines for condonation of delay u/s 119(2)(b)

2 years ago

CBDT issues revised guidelines for condonation of delay and to admit an application or claim for refund and carry forward of…

  • Income Tax

Re-assessment notices for old regime period can be issued after 01.04.2021 under TOLA – SC

2 years ago

Income Tax Re-assessment notices under old regime period can be issued after 01.04.2021 under TOLA – Supreme Court In a…