• Income Tax

Capital gain on shares sold by an impermissible arrangement not exempt under DTAA

4 months ago

Capital gain on sale of unlisted equity shares transferred pursuant to an arrangement impermissible under law, not entitled to exemption…

  • Excise/Custom

CBIC extends export incentives to postal shipments from 15th January 2026

4 months ago

CBIC extends export incentives to shipments through Postal Export Bills from 15th January 2026 The Central Board of Indirect Taxes…

  • bankruptcy

SC issues directions to Committee of Creditors to protect interests of homebuyers

4 months ago

Supreme Court issues directions to Committee of Creditors for safeguard interests of homebuyers in Insolvency proceedings In a recent judgment,…

  • Income Tax

Section 69C not applicable on addition for disallowance of expenditure of salary

4 months ago

Provisions of section 69C not applicable for addition made on account of disallowance of expenditure on employee salary and Wages…

  • Income Tax

HC declines to direct ITD to investigate Tax Evasion Petition due to limitation

4 months ago

High Court declines to direct ITD to investigate allegations of tax evasion as per Tax Evasion Petition due to limitation…

  • Income Tax

SLP dismissed against condoning delay in filing Form 10B as CA wasn’t aware of online filing

4 months ago

Condoning delay in filing audit report in Form 10B as CA of the assessee was not aware of newly introduced…

  • Income Tax

No bar prohibiting simultaneous penalty u/s 271B and 271A of Income Tax Act

4 months ago

There is no bar in penalty u/s 271B for non-audit u/s 44AB if penalty u/s 271A is also levied for…

  • Income Tax

Cash book cannot be rejected when availability of stock is not disputed

4 months ago

Cash book cannot be rejected when availability of stock in trade is not disputed as per stock register which is…

  • Income Tax

Section 148 of it Act after 01.04.2021, not require recording reason to believe

4 months ago

Section 148 of Income Tax Act after 01.04.2021, does not even require recording reason to believe. In a recent judgment,…

  • Income Tax

Income Tax Deptt. Lucknow to hire Young Professional for assisting before ITAT

4 months ago

Income Tax Department, Lucknow is hiring Young Professional for assisting the Departmental Officers posted in various benches of ITAT, Lucknow…