• Income Tax

If no physical discrepancy found, mere increase in stock not undisclosed stock u/s 69B

2 years ago

Unless, discrepancy is found in physical quantities, assessee agreeing to increase stock value does not amount to undisclosed stock u/s…

  • Income Tax

CIT(A) is required to communicate the notice to email id mentioned in Appeal Form 35

2 years ago

CIT(A) is required to communicate the notice through the email id available in Form 35 of the  appeal memo as…

  • Income Tax

Opportunity of personal hearing u/s 144B(6)(viii) must even if assessee had not requested

2 years ago

Section 144B(6)(viii) cannot be read to mean that opportunity of personal hearing may be granted only where the assessee specifically…

  • Income Tax

New functionality in AIS to display status of information confirmation process in real-time

2 years ago

CBDT releases new functionality in AIS for taxpayers to display status of information confirmation process in real-time. Taxpayers can now…

  • Income Tax

No enduring benefit arises if software project abandoned – Supreme Court dismisses SLP

2 years ago

No enduring benefit arises when software project was abandoned due to change in technology. Supreme Court dismisses SLP of Department…

  • Income Tax

AO was justified to estimate profits of civil construction @10% applying section 44BBB

2 years ago

AO was justified to estimate profits of civil construction @10 percent applying provisions of section 44BBB In a recent judgment,…

  • Income Tax

Assessment order set aside for not providing 2nd opportunity of video conferencing

2 years ago

Assessment order was set aside for not providing second opportunity of video conferencing In a recent judgment, the Hon'ble High…

  • Income Tax

Re-assessment quashed for treating turnover of future and options trading as income

2 years ago

High Court quashed re-assessment order u/s 147 and order passed u/s 148A(d) for treating the whole turnover of trading in…

  • GST

No penalty for non filling up vehicle number in e-Way Bill without intention to evade tax

2 years ago

No penalty u/s 129(3) of UPGST Act for Non filling up vehicle number in Part 'B' of e-Way Bill without…

  • Income Tax

High Court directs refund of self assessment tax paid due to insolvency commencement

2 years ago

High Court directed refund of self assessment tax paid due to insolvency commencement and operation of moratorium under IBC In…