• Income Tax

Income more than last year does not mean cash deposited in bank was unexplained

2 years ago

Month wise receipt and income slightly more than last year cannot warrant the cash deposited into the bank account as…

  • Income Tax

Assessee can maintain two ledger accounts of one person. ITAT deleted addition u/s 68

2 years ago

Assessee can maintain two ledger accounts of same person one under the head sundry debtor and another under sundry creditor…

  • SEBI

SEBI provides timeline for disposal of appeals by credit rating agencies

2 years ago

SEBI provides specific timelines for dealing with appeals made by the issuer in respect of rating actions carried out pursuant to…

  • Income Tax

No statutory obligation upon legal heirs to intimate death of assessee to ITD

2 years ago

There is no statutory obligation upon legal heirs to intimate death of assessee to the Income Tax Department In a…

  • Income Tax

Once Tonnage Tax Scheme opted, no set off allowed against any deduction

2 years ago

Once Tonnage Tax Scheme is opted, no set off against any deduction allowed - ITAT  In a recent judgment, ITAT…

  • Income Tax

Identity capacity & genuineness fell apart when companies were non-existent

2 years ago

Identity capacity and genuineness of creditors fell apart when shareholder companies was found to be non-existent – High Court  In…

  • Income Tax

List of 28 banks for tax payments available at e-Pay Tax service at e-Filing Portal

2 years ago

List of banks for tax payments available at e-Pay Tax service at e-Filing Portal As of now, 28 banks are available…

  • GST

GST order passed without personal hearing quashed by High Court

2 years ago

Date of order has to be date of personal hearing. Hon'ble High Court quashed GST order passed without personal hearing…

  • Income Tax

Addition of unexplained expenditure incurred on election candidates of AAP confirmed

2 years ago

Addition for unexplained expenditure incurred on election on candidates of Aam Aadmi Party confirmed by ITAT In a recent judgment,…

  • Income Tax

ITAT set aside order as no opportunity was allowed to assessee to explain delay

2 years ago

ITAT set aside order as no opportunity was allowed to assessee to explain the delay in filing appeal In a…