• Income Tax

AO cannot be said to adopted a course permissible if order does not speak so

2 years ago

AO cannot be presumed to adopted or chosen a course permissible in law when his order does not speak in…

  • Income Tax

Penalty u/s 271B deleted due to bona fide belief of not subject to tax audit

2 years ago

Penalty u/s 271B not leviable as assessee was under bona fide belief that he was not subject to tax audit…

  • Income Tax

Penalty u/s 270A for misreporting without specifying sub-section deleted by ITAT

2 years ago

Penalty order u/s 270A for misreporting without specifying sub-section deleted by ITAT as cryptic and non-maintainable In a recent judgment,…

  • Income Tax

Addition based on WhatsApp chat without E-certificate or corroborative evidence deleted

2 years ago

Addition made on the basis of WhatsApp chat without certificate u/s 65B(4) of the Indian Evidence Act (E-certificate) deleted In…

  • Income Tax

Assessee has no control over data base of IT department in Form No. 26AS – ITAT

2 years ago

Assessee has no control over data base of Income-tax department as reflected in Form No. 26AS - ITAT In a…

  • Income Tax

Unless AO used power u/s 142(2A) with mala fide intention, writ court not to interfere

2 years ago

Unless proved that AO used power u/s 142(2A) with mala fide intention, the writ court not to interfere – High…

  • Finance Ministry

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

2 years 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

2 years 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.

2 years 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

2 years ago

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