• Income Tax

Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of FMV

2 years ago

Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of current FMV to be further…

  • Income Tax

AO was directed to serve notice of hearing through physical mode upon assessee 

2 years ago

ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee  In a recent…

  • ICAI

ICAI Intermediate & Foundation Examinations to be held thrice in a year from May/June 2024

2 years ago

ICAI Intermediate & Foundation Examinations to be held thrice in a year from May/June 2024 ICAI, has decided that from…

  • Income Tax

Further extension of due date for filing of Form No. 10A/10AB to 30.06.2024 – CBDT Circular

2 years ago

Extension of due date for filing of Form No. 10A/10AB under Income-tax Act, 1961 to 30.06.2024 CBDT has further extended…

  • Income Tax

Revisionary order purportedly passed earlier but dispatched after written Submissions quashed 

2 years ago

High Court sets aside revisionary order purportedly passed earlier but dispatched after written Submissions were filed  In a recent judgment,…

  • Income Tax

Assessment u/s 147 based on seized material found during search of third party void ab-initio

2 years ago

Assessment u/s 147 on the basis of seized material found during search of third party void ab-initio - ITAT In…

  • Income Tax

TDS deductors given relief for non deduction of TDS at higher rate for inoperative PANs

2 years ago

TDS/TCS deductors given relief for non deduction of TDS at higher rate for inoperative PANs CBDT has issued Circular No.…

  • Income Tax

Reassessment order quashed due to error in personal hearing video conferencing link

2 years ago

Reassessment order quashed as assessee could not join the link of personal hearing through video conferencing due to technical failure…

  • Income Tax

Assessee may show that it was over assessed under erroneous impression of law

2 years ago

It is open to assessee to show that it was over assessed under erroneous impression of law even if it…

  • Income Tax

Education Cess cannot be allowed as an expenditure in view of later amendment – SC

2 years ago

Education Cess cannot be allowed as an expenditure in view of the subsequent amendments in the Income Tax Act, 1961…