• Income Tax

Technical defects can not be ignored in this new era of e-filing – ITAT

2 years ago

Technical defects can not be ignored in era of e-filing, AO was directed to consider revised Audit Report in Form…

  • Income Tax

Deduction u/s 80JJAA allowable as Audit Report available at the time of ITR processing

2 years ago

CPC not justified in disallowing deduction u/s 80JJAA when Audit Report was available on the date of processing the return…

  • Income Tax

Notice issued u/s 148 invalid if not signed digitally or manually by AO – ITAT

2 years ago

Notice issued u/s 148 invalid if not signed digitally or manually by Assessing Officer - ITAT  In a recent judgment,…

  • Income Tax

Interest on borrowed funds utilized for investment in group companies allowed

2 years ago

Interest paid on borrowed funds utilized for investment in group companies for strategic business purpose with commercial expediency cannot be…

  • Income Tax

Writ Court not to interfere if Petitioner has no defence to object special audit u/s 142(2A)

2 years ago

Writ Court not to interfere if Petitioner has no defence to object to a special audit u/s 142(2A) In a…

  • Income Tax

SC reprimands Income Tax Department for filing SLPs with considerable delays

2 years ago

Supreme Court reprimands Income Tax Department for filing SLPs with considerable delays Supreme Court reprimands the Income Tax Department for…

  • Income Tax

Issue of notice u/s 148 before approval by CIT is void ab initio- SC dismissed SLP

2 years ago

Issue of notice u/s 148 before approval by CIT is void ab initio- Supreme Court dismissed SLP  In a recent…

  • Income Tax

No addition u/s 56(2)(viib) when no money/ consideration was received – HC

2 years ago

No addition u/s 56(2)(viib) when no money/consideration was received by assessee on issue of shares which were allotted merely on…

  • GST

Mentioning wrong place of delivery in e-way bill was human error – High Court

2 years ago

In a recent judgment, the Hon'ble Allahabad High Court has quashed the penalty order u/s 129 of UPGST Act 2017…

  • Income Tax

Cost of Acquisition as on 1.4.2001 for properties purchased prior to 2001- Clarification

2 years ago

CBDT has clarified the question as to what would be the Cost of Acquisition as on 1.4.2001 for properties purchased…