• Income Tax

ITD Chandigarh invites empanelment of Cost Accountants u/s 142(2A) for FY 2024-2026

2 years ago

ITD Chandigarh invites empanelment of Cost Accountants u/s 142(2A) for FY 2024-2026. Last date to apply is 30/04/2024 The Income…

  • Income Tax

Even single loan given can be considered as money lending business for bad debts allowance

2 years ago

Even a single instance of loan given can be considered as money lending business for bad debts allowance - ITAT…

  • Service Tax

Service tax liability admitted before cut-off date is “quantified” under SVLDRS – HC

2 years ago

Service Tax Liability admitted Before Cut-off Date amounts to “quantified” under Sabka Vishwas (Legacy Dispute Resolution) Scheme- Allahabad High Court…

  • Income Tax

Voluntary ex-gratia compensation not taxable. Department has to confine to grounds of appeal 

2 years ago

Voluntary ex-gratia compensation not taxable u/s 17(3)(i). Department has to confine to the grounds taken in appeal - ITAT Voluntary…

  • Income Tax

When purchases & sales found genuine deposit out of cash sales can’t be treated non-genuine

2 years ago

When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…

  • Income Tax

Interest u/s 244A payable from 1st April of AY when return filed within extended due date

2 years ago

Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date -…

  • Income Tax

Debit entry cannot added u/s 68 as it speaks of “Cash Credit” not for debits entries  

2 years ago

The debit entry cannot be added under Section 68 as it speaks about “Cash Credit” and not for debits entries…

  • Income Tax

Conversion of unsecured loan of wife against allotment of share in joint names upheld

2 years ago

Conversion of unsecured loan of wife against allotment of share in joint names in closely held company upheld The ITAT…

  • Income Tax

Penalty u/s 271D stayed as assessee denied receiving cash and matter pending in Civil Court

2 years ago

Penalty u/s 271D stayed as assessee denied having received cash loan and matter was pending in Civil Court In a…

  • Income Tax

Non allocation of common expenses in deduction u/s 80IA – ITAT quashed revision order

2 years ago

Non allocation of common expenses for deduction u/s 80IA – ITAT quashed revision order Non allocation of common expenses to…