• Income Tax

Cash withdrawal from bank can’t be taxed u/s 69C as unexplained expenditure – ITAT

1 month ago

Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as…

  • GST

A bland statement of ‘fraud or concealment of facts” in GST Notice u/s 74 not sufficient – SC

1 month ago

In GST Notice u/s 74, allegations should emanate from itself, a bland statement of ‘fraud or concealment of facts” not…

  • Income Tax

For claiming deduction u/s 57(iii), test is of purpose and connection, not actual yield – ITAT

1 month ago

For claiming deduction u/s 57(iii) a reasonable and intelligible nexus should be established between the expenditure incurred and the income…

  • Income Tax

Unless medical certificate are held forged & fictitious, appeal can’t be rejected on ground of delay

1 month ago

Where medical certificate not held to be forged and fictitious, rejecting appeal on ground of delay unjustified In a recent…

  • DGFT

One Star Export House status allowed based on export performance in two FYs

1 month ago

FTP 2023 amended to allow One Star Export House status to applicants (other than for Gems & Jewelry Sector) based…

  • Income Tax

Agricultural land is outside the deeming provision u/s 56(2)(x) – ITAT

1 month ago

Agricultural land is outside the definition of capital asset, therefore, the deeming provision u/s 56(2)(x) cannot be invoked - ITAT…

  • Income Tax

NSDL latest e-TDS TCS RPU Version 1.2 for Tax Year 2026-27 – Download

1 month ago

NSDL latest e-TDS TCS RPU version 1.2 for Tax Year 2026-27 NSDL has revised the e-TDS TCS RPU utility for…

  • Income Tax

Deprecation allowable u/s 11(6) if capital expenditure not claimed as application of income

1 month ago

Assessee entitled to claim deprecation u/s 11(6) if corresponding capital expenditure was not claimed as application of income - ITAT…

  • Income Tax

CBDT cautions CAs issuing certificates in Form 15CB/Form146 to exercise due care & diligence

1 month ago

Chartered Accountants issuing certificates in Form 15CB/Form146 are expected to exercise due care, diligence and professional judgment – CBDT CBDT…

  • Income Tax

Section 292C carry no presumption of correctness of seized documents contents against third party

1 month ago

Section 292C of the Income Tax Act 1961 indeed carries presumption of correctness of such seized documents contents but only…