• GST

Merely not mentioning transporter’s name in e-way bill not intention to evade payment of tax

4 months ago

When goods was accompanied with requisite documents merely not mentioning name of transporter in e-way bill not intention to evade…

  • Income Tax

Assessment quashed as ITR was above Rs. 10 lacs for which ITO lacked jurisdiction

4 months ago

Assessment quashed as the return of income was filed by the assessee was above Rs.10 lacs, for which, the jurisdiction…

  • Income Tax

Revenue record not conclusive evidence that land is used for agricultural purposes

4 months ago

Revenue record is only one of evidence and not a conclusive piece of evidence that land is used for agricultural…

  • Income Tax

High Court allows capital gain exemption u/s 54(1) on purchase of seven houses

4 months ago

High Court allows capital gain exemption u/s 54(1) on purchase of seven row houses before the amendment brought w.e.f. 01.04.2015.…

  • ICAI

ICAI limits tax audit assignments by Chartered Accountants to sixty w.e.f. 01.04.2026

4 months ago

ICAI w.e.f. 01.04.2026 puts a limit of 60 number of tax audit assignments u/s 44AB of the Income Tax Act,…

  • Income Tax

No addition can be made on the basis of uncorroborated WhatsApp message

4 months ago

Uncorroborated WhatsApp message, in the absence of any independent supporting evidence, cannot constitute a valid basis for initiating proceedings under…

  • Income Tax

Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Rule 21AK

4 months ago

Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Rule 21AK CBDT notifies Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Income Tax…

  • Income Tax

Relaxation of time for processing ITR filed upto 31.03.2024 CPC erroneously invalidated

4 months ago

Relaxation of time for processing of e filed ITR filed upto 31.03.2024 erroneously invalidated by CPC. CBDT has issued Circular…

  • Income Tax

Time for compliance of a notice to be calculated not by clock but by calendar – HC

4 months ago

Time for compliance of notice is to be calculated not by the clock but by the calendar. - order u/s…

  • Income Tax

Exemption u/s 54F allowed. Investment in name of spouse and respective share immaterial

4 months ago

Exemption u/s 54F allowed by ITAT holding that investment in purchase of plot in the name of the spouse and…