• Income Tax

Denial of provisional registration u/s 12A for a typographical error set aside by ITAT

2 years ago

Denial of provisional registration u/s 12A for a typographical error set aside  In a recent judgment, the ITAT Delhi has…

  • Income Tax

Exemption u/s 54 cannot denied if flat construction not completed by builder

2 years ago

Exemption u/s 54 cannot denied if construction of flat not completed by builder within three years - ITAT In a…

  • Income Tax

Transit rent paid for hardship due to dispossession not liable to TDS u/s 194I

2 years ago

Transit rent paid to tenant who suffers hardship due to dispossession does not fall within the definition "rent" under section…

  • Income Tax

Size of residential house not a criteria for claiming exemption u/s 54F 

2 years ago

Size of the residential house is not a criteria for claiming exemption u/s 54F - ITAT  In a recent judgment,…

  • ICAI

ICAI to debar student taking mobile phones inside the examination hall for 5 years

2 years ago

ICAI to debar student taking mobile phones inside the examination hall for 5 years As per ICAI Announcement, it has…

  • Income Tax

AO Refused to accept Tax Audit Report as schedule not signed by CA-matter remitted

2 years ago

AO refused to accept Tax Audit Report as schedule were not signed by CA. High Court remanded the matter  In…

  • Income Tax

Net Profit rate of 8% not applicable for audit case. NP rate of 6% is reasonable – ITAT

2 years ago

Net Profit rate of 8% not applicable for audit case. Net Profit rate of 6% is reasonable for business of…

  • Income Tax

Change in explanation of assesseee due to change of council cannot be summarily rejected 

2 years ago

Change in explanation of assesseee due to change of council cannot be summarily brushed aside - ITAT  In a recent…

  • Income Tax

Agricultural income can not be doubted merely for not paying cess to Krishi Upaj Mandi

2 years ago

Agricultural income can not be doubted merely for not paying agricultural cess to Krishi Upaj Mandi - ITAT In a…

  • Income Tax

Order u/s 148A(d) quashed for non furnishing vital information to rebut allegation

2 years ago

Order u/s 148A(d) quashed for non furnishing vital information to assessee to rebut allegation of escapement of income In a…