• Income Tax

Employers contribution not covered under Supreme Court order in case of Checkmate

3 years ago

Employers contribution not covered under Supreme Court order in case of Checkmate. Payment by cheque within due date allowed by…

  • Income Tax

No prohibition to adjust seized cash with self assessment tax – ITAT

3 years ago

There is no prohibition to adjust seized cash with self assessment tax. Only prohibited is for adjustment of seized cash…

  • Income Tax

Salary, legal expenses, board meeting, Director fees not attributable to Fixed Deposit interest 

3 years ago

Employee Salary, legal expenses, board meeting expenses, Director sitting fees can not be attributed to Fixed Deposit interest - ITAT…

  • Income Tax

Benefit of exemption u/s 11 can not be denied for mere delay in filing of audit-report

3 years ago

Benefit of exemption u/s 11 can not be denied for mere delay in filing of audit-report with return of income…

  • Income Tax

Loss for purpose prohibited or offence not deductible irrespective of legality of business

3 years ago

Loss incurred for any purpose which is an offence or which is prohibited by law is not deductible irrespective of…

  • Income Tax

No additions u/s 153A in absence of incriminating material – Supreme Court judgment

3 years ago

No additions can be made u/s 153A for completed/unabated assessments in absence of any incriminating material found during search u/s…

  • Income Tax

Addition u/s 69A for cash gifts received on the occasion of marriage deleted

3 years ago

Addition u/s 69A for cash gifts received on the occasion of marriage and deposited in bank deleted ABCAUS Case Law…

  • GST

Bank account validation functionality for is now integrated with the GST System

3 years ago

GSTN Advisory on Bank Account Validation GSTN is pleased to inform you that the functionality for bank account validation is…

  • Income Tax

Applicability of TDS on property u/s 194-IA is transferor/transferee-wise & not property-wise

3 years ago

Applicability of TDS on property u/s 194IA to be determined transferor or transferee-wise and not property-wise ABCAUS Case Law Citation:ABCAUS…

  • Income Tax

Adjustment u/s 143(1) by CPC unsustainable if assessment completed u/s 143(3) accepting ITR

3 years ago

Adjustment u/s 143(1) by CPC unsustainable if assessment completed u/s 143(3) accepting the return of income - ITAT ABCAUS Case…