• Income Tax

CBDT revises monetary limits for condonation of delay in filing refund claim & c/f of losses

3 years ago

CBDT revises Monetary limits for Condonation of delay in filing refund claim & c/f of losses under Section 119(2)(b) Circular…

  • Income Tax

Full year depreciation on vehicle can not be denied based on registration date

3 years ago

Full year depreciation on vehicle can not be denied on the ground that registration was done later as assessee had…

  • Income Tax

No remission/cessation of liability if trading liability is declared in books of account

3 years ago

No remission or cessation of liability u/s 41(1) if trading liability is continued to be declared in books of account…

  • Income Tax

Approval u/s 80G for new cases to be effective from year in which application is made 

3 years ago

Approval u/s 80G for new cases to be effective from previous year in which application is made   MINISTRY OF FINANCE(Department…

  • Income Tax

Penalty u/s 271B deleted as assessee was unaware of Tax Audit Provision

3 years ago

Penalty u/s 271B deleted as assessee was not aware that section 44AB related to Tax Audit was applicable to him…

  • Income Tax

e-Appeals Scheme 2023 notified. Procedure for disposal of appeals by JCIT(Appeals)

3 years ago

CBDT notifies e-Appeals Scheme 2023 prescribing procedures for disposal of appeals by JCIT(Appeals) The CBDT vide Notification No. 33/2023 dated…

  • Income Tax

A Reasonable limitation period applicable to Order u/s 206C for failure to deduct TCS

3 years ago

A reasonable limitation period is applicable to Order u/s 206C for failure to deduct TCS although no limitation is prescribed…

  • Income Tax

Preparation & uploading fake ITR by Chartered Accountant. ITAT remands case

3 years ago

Preparation and uploading of fake ITR by Chartered Accountant. ITAT remands the case to AO to decide in the light…

  • Income Tax

Criminal complaint against company, CA & directors for tax evasion dismissed

3 years ago

Criminal complaint against company, CA directors for tax evasion u/s 276C  by way of bogus share valuation report dismissed ABCAUS…

  • Income Tax

Explanation that jewellery was acquired out of income of Bigger HUF was plausible – ITAT

3 years ago

Explanation that jewellery was acquired out of agricultural income of Bigger HUF before its partition cannot be termed as not…