• Income Tax

Employee of IRCTC Ltd. entitled to 100 per cent leave encashment exemption u/s 10(10AA)(i)

2 years ago

Employee of IRCTC entitled to full exemption of leave encashment u/s 10(10AA)(i) being employed with Central Government company. In a…

  • Income Tax

Exemption u/s 54EC allowed as delay in investment was due to father in ICU 

2 years ago

Exemption u/s 54EC allowed as delay in investment in REC Bonds was due to father of the assessee in ICU …

  • Income Tax

Non-response by payee to statutory notice u/s 133(6) is not within reach & control of assessee

2 years ago

Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee…

  • Income Tax

It is not open for CIT(A) to introduce a new source of income.

2 years ago

It is not open for CIT(A) to introduce a new source of income. ITAT deleted addition made section 69A changing…

  • Income Tax

Income returned under other sources can not be recharacterised as income u/s 69A

2 years ago

Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…

  • ICAI

ICAI issues revised Standards on Auditing: SA 800, SA 805 & SA 810 w.e.f. 01/04/2024

2 years ago

ICAI issues revised SA 800 (Revised), SA 805 (Revised), SA 810 (Revised) Standards on Auditing prescribe the detailed auditing framework…

  • Finance Ministry

India & Samoa enters into Tax Information Exchange Agreement (TIEA)

2 years ago

India & Samoa enters into Tax Information Exchange Agreement (TIEA) Notification of Agreement between the Government of the Republic of…

  • Income Tax

New allegation added in order passed u/s 148A(d). High Court declines interference.

2 years ago

New allegation added in order passed u/s 148A(d) not present in show cause notice u/s 148A. High Court declines interference.…

  • Income Tax

Penalty u/s 270A can not be levied for additions made on estimation basis

2 years ago

Penalty u/s 270A can not be levied for additions made on estimation basis. Penalty on the basis of findings in…

  • Income Tax

Rectification u/s 154 for claim of leave salary encashment exemption dismissed

2 years ago

Rectification application u/s 154 for claim of leave salary encashment exemption u/s 10(10AA) dismissed as barred by limitation In a…