• Income Tax

Cash deposit in bank account opened by forgery- Assessee cannot be asked for source

2 years ago

Assessee cannot be asked to prove source of cash deposit made in bank account opened by forgery - ITAT  In…

  • Income Tax

Expenditure can’t be disallowed only because not debited in Profit & Loss Account

2 years ago

Expenditure can’t be disallowed because it is not debited in Profit and Loss Account - ITAT  In a recent judgment,…

  • Income Tax

Tax recovery based on wrong computation sheet stayed when in Assessment order tax was Nil

2 years ago

Tax recovery on the basis of wrong computation sheet stayed as tax liability was NIL as per Assessment Order In…

  • Income Tax

No provision under Income-tax law for ad-hoc disallowance of sundry creditors

2 years ago

There is no provision under Income-tax law for making ad-hoc disallowance of sundry creditors – ITAT In a recent judgment,…

  • Income Tax

In case of non-filer notice u/s 143(2) not mandatory & notice u/s 142(1) sufficient

2 years ago

In case of non-filer notice u/s 143(2) not mandatory and notice issued u/s 142(1) is sufficient – ITAT In a…

  • Income Tax

One PAN allotted to two taxpayers. Re-assessment of wrong person quashed by High Court

2 years ago

One PAN was allotted to two taxpayers resulting Re-assessment order of wrong person quashed by High Court In a recent…

  • High Courts

Fixing three successive dates of personal hearing in a single notice invalid – Allahabad HC

2 years ago

Fixing three successive dates of hearing in a single notice invalid as adjudicating authority had to pass specific orders for…

  • ICAI

ICAI set up branch in Tonk District Rajasthan with effect from April 25, 2024

2 years ago

ICAI set up branch in Tonk District (Rajasthan) with effect from April 25, 2024. The Institute of Chartered Accountants of…

  • Income Tax

Duty drawback cannot be a part of total turnover and is separately chargeable – ITAT

2 years ago

Duty drawback cannot be a part of total turnover and is separately chargeable - ITAT In a recent judgment, the…

  • Income Tax

CIT(A) can not dismiss appeal in limine for non filing of written submissions

2 years ago

CIT(A) can not dismiss appeal in limine for non filing of written submissions by assessee In a recent judgment, the…