Order held erroneous but not prejudicial despite depreciation allowed at higher rate because there was no taxable income on account…
Allegation of Paper Companies without further facts insufficient to reopen assessments - SLP dismissed by Supreme Court. High Court laid…
Reopening due to bank’s mistake in reporting PAN of partnership firm in bank account of proprietorship– ITAT deleted additions made…
High Court declines interference under writ jurisdiction at conclusion stage of re-assessment proceedings. In a recent order, the Hon'ble Allahabad…
No deemed dividend u/s 2(22)(e) when loan was received for commercial transaction and interest was paid on it In a…
Supreme Court to decide if non mentioning DIN by income tax authorities makes order void or it’s just a procedural…
RBI bans Paytm Payments Bank Ltd from receiving payments after February 29, 2024 In 2022, RBI had directed Paytm Payments…
If assessee not availed opportunity of cross examination, it can not be ground of challenge – Supreme Court dismisses Special…
Wherever word only “Business” is used, it does not include “Profession" – ITAT deletes addition for compensation u/s 28(ii)(e) In…
Union Interim Budget 2024 - Disputed old income Tax demands to be withdrawn. No change in the tax slabs or…