• Income Tax

Commonality of directors of companies does not mean deposits received was bogus

5 days ago

Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies…

  • ITAT

Application though named as rectification but if tax is not legitimate, it also touches merit: HC

6 days ago

Application though named as rectification but if tax imposed is not legitimate then it also touches upon the merit –…

  • Income Tax

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

6 days 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 

6 days 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

6 days 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

6 days 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 

7 days 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

7 days 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

1 week 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

1 week ago

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