• Income Tax

Vintage car held non personal effect hence sale was liable to income tax

4 months ago

Vintage car held non personal effect of the assessee and sale thereof held liable to capital gain tax – High…

  • Income Tax

Penalty u/s 271AAB deleted as show cause notice did not specify limb of penalty

4 months ago

ITAT deleted penalty u/s 271AAB as show cause notice did not specify limb of penalty applicable to the assessee. In…

  • Income Tax

CBDT amends threshold of salaries and gross total income for certain perquisites

4 months ago

CBDT amends threshold of salaries and gross total income in respect of certain perquisites CBDT has notified Income tax (Twenty…

  • Income Tax

When books of account are not maintained, penalty u/s 271B can’t be levied

4 months ago

Once it is established that assessee has not maintained the books of account, same can not be audited - ITAT…

  • Income Tax

When loan stands repaid no addition can be made under Section 68 – ITAT

4 months ago

When assessee had already repaid unsecured loans along with the interest no addition can be made under Section 68 treating…

  • Income Tax

Addition for cash deposit during demonetisation without following CBDT guidelines deleted

4 months ago

Addition 69A deleted for cash deposit in bank during demonetisation period as the AO did not follow source specific general…

  • Income Tax

ITO is “victim”, can appeal against CJM order acquitting accused u/s 276B rws 278B

4 months ago

Income Tax Officer is “victim” and have right to appeal under CrPC/BNS against acquittal of accused of default in deposit…

  • Income Tax

Addition made by CPC on the basis of clause 16(b) of Tax Audit Report deleted

4 months ago

Addition made by CPC as per Clause 16(b) of Tax Audit Report deleted as it was not stated in the…

  • GST

SC issues guidelines for common enquiry/ investigation by two different GST authorities

4 months ago

Supreme Court issues guidelines in case of common enquiry/investigation by two different GST authorities Supreme Court issues guidelines where after…

  • Income Tax

No bar in taxpayer making claim by letter without filing a revised return – ITAT

4 months ago

There is no bar to a taxpayer for making a claim by a letter without filing a revised return in…