• Income Tax

Notice u/s 148A(b) giving less than seven days time to submit response quashed

2 years ago

Notice u/s 148A(b) giving less than seven days time to submit response quashed In a recent judgment, the Hon'ble High…

  • Income Tax

Deduction u/s 54F allowed for residential house purchased in name of wife

2 years ago

Deduction u/s 54F allowed for residential house purchased in the name of wife - ITAT In a recent judgment, the…

  • Income Tax

TDS 194IA not applicable if individual share of assessee is less than 50 lakhs in property

2 years ago

TDS 194IA not applicable if individual share of assessee is less than 50 lakhs in property purchased - ITAT In…

  • ICAI

ICAI competent to impose restriction on number of tax audits per year by CAs – Supreme Court

2 years ago

ICAI competent to impose restriction on number of tax audits u/s 44AB per year  - Supreme Court settles the pending…

  • Income Tax

CIT(A) should decide the issue on merit rather than suggesting remedial action – ITAT

2 years ago

CIT(A) should decide the issue on merit rather than suggesting remedial action In a recent judgment, the ITAT Ahmedabad has…

  • Income Tax

Not striking-off of limb of penalty u/s 271AAB – ITAT deleted penalty

2 years ago

Not striking-off of limb of penalty u/s 271AAB – ITAT deleted penalty as assessee was not made aware of the…

  • Income Tax

ITAT is required to follow Jurisdictional High Court instead of order of Co-ordinate Bench

2 years ago

ITAT is required to follow the Hon’ble Jurisdictional High Court instead of orders of Co-ordinate Bench - ITAT In a…

  • Income Tax

TCS Payable not hit by section 43B as it can not be claimed as deduction in PL Account

2 years ago

TCS Payable not hit by section 43B as it can not be debited in Profit and Loss account and claimed…

  • Income Tax

TDS on sale of scrap u/s 206C not dependent on if seller himself is manufacturer or not

2 years ago

Sale of scrap not generated from a manufacturing/mechanical process not liable to TCS u/s 206C of the Act although to…

  • Income Tax

Why would a CA advise assessee not to file appeal, ITAT refused to condone delay

2 years ago

Why would a CA dissuade an assessee from filing appeal / pursuing legal remedy granted to him under the statute…