• Income Tax

Bitumen not valuable article u/s 69A as it requires large quantity to make it valuable – SC

3 years ago

Bitumen not valuable  article u/s 69A as it requires ownership in large quantity to treat it valuable - Supreme Court…

  • Income Tax

Income Tax ASK helpline closing. See Working Toll Free/Help desk numbers

3 years ago

Income Tax Aaykar Sampark Kendra and its Helpline numbers going to be discontinued. View working Tax Helpline Numbers The the…

  • FEMA

Spending on International Credit Card on foreign trip expenses brought under FEMA Rules

3 years ago

Spending on International Credit Card on foreign trip expenses brought under FEMA Rules As per Rule 5 of the the…

  • Companies Act

Public interest or interest of creditors to weigh in Merger or Amalgamation – MCA Notification

3 years ago

Public interest/interest of creditors to weigh in Merger or Amalgamation between small companies / holding and its subsidiary company -…

  • Income Tax

Power of revision u/s 263 cannot be exercised to collect more taxes – ITAT

3 years ago

Power of revision u/s 263 cannot be exercised to collect more taxes by bringing income within the ambit of Sections…

  • Income Tax

Late fee u/s 234F for delay in filing ITR deleted as CPC erred in due date applicable to partner

3 years ago

Late fee u/s 234F for delay in filing of ITR deleted as CPC erred in considering due date applicable to…

  • Income Tax

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed

3 years ago

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed being bonafide typographical mistake ABCAUS Case Law Citation:ABCAUS 3739…

  • Income Tax

Addition based on projected income surrendered deleted as actual income was higher

3 years ago

Addition based on projected income surrendered during search deleted as actual gross income reported in audited accounts was higher ABCAUS…

  • Income Tax

Drawings and returned income speak volumes about family richness – ITAT deletes addition

3 years ago

Drawings and returned income speak volumes about richness of family – ITAT deleted addition for jewellery found during search. ABCAUS…

  • GST

Turnover threshold reduced to Rs. 5 crores for requirement of generating GST E-invoice

3 years ago

Turnover threshold reduced to Rs. 5 crores for requirement of generating GST E-invoice w.e.f. 1st August 2023   GOVERNMENT OF…