• Income Tax

Section 143(1) Intimation not an order for Revision u/s 264 of Income Tax Act

10 months ago

Section 143(1) Intimation is only an intimation and it cannot be treated as an order for the purpose of Section…

  • Income Tax

PCIT with jurisdiction over non corporate assesee can’t transfer corporate assessee’s case

10 months ago

Order u/s 127 quashed as PCIT having jurisdiction over non corporate assesee could not have transferred case of a corporate…

  • DGFT

Modalities for issue of export authorizations of wheat flour & related products

10 months ago

DGFT issues modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of wheat flour and…

  • Income Tax

No obligation to deduct TDS u/s 195 on payment to non-resident foreign commission agent

10 months ago

No obligation to deduct tax at source u/s 195 on the commission paid to non-resident foreign commission agent not liable…

  • Income Tax

Deduction u/s 80P denied as return not filed u/s 139(1) but in response to notice u/s 148

10 months ago

Deduction u/s 80P denied as assessee did not file return u/s 139(1) but beyond the due date only in response…

  • GST

High Court denied pre-arrest bail to accused of fake ITC utilisation

10 months ago

High Court denied pre-arrest bail to accused of fake ITC utilisation on possibility of misusing the concession of pre arrest…

  • Income Tax

ITR was not non est for no e-verification when AO took cognizance of returned income

10 months ago

Return could not be said to be non est for non e-verification when AO had been taken due cognizance of…

  • Income Tax

Section 43CB & ICDS-III is applicable to contractors not to real estate developers

10 months ago

Section 43CB read with ICDS-III is applicable to contractors and not real estate developers - ITAT In a recent judgment,…

  • Income Tax

Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.

10 months ago

Expenses incurred on ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act – ITAT Delhi In a…

  • Income Tax

Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer

10 months ago

Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the…