• Income Tax

No response to notice u/s 133(6) in the manner AO expected no basis for making additions

5 months ago

Merely because of no response to notice u/s 133(6) in the manner the AO expected not a basis for making…

  • Income Tax

Interest on late payment of GST is compensatory and not penal for deduction u/s 37.

5 months ago

Interest paid on delayed payment of GST/VAT is compensatory and not penal in nature for allowability under section 37. In…

  • Income Tax

When appeal is set aside by ITAT consequential proceedings are fresh proceedings – ITAT

5 months ago

Once appeal of assessee is set aside by ITAT with certain directions, then the consequential proceedings are fresh proceedings -…

  • Service Tax

Facts not disclosed & surfaced on investigation amounts to wilful suppression to evade tax

5 months ago

New facts surfaced during investigation and would not have become known but for investigation amounts to wilful suppression to evade…

  • Income Tax

CBDT Circular fixing time limit for condonation application u/s 119(2)(b) is illegal – HC

5 months ago

CBDT Circular fixing a time limit for making condonation application u/s 119(2)(b) of the Income Tax Act, 1961 (the Act)…

  • Income Tax

Interest income to be excluded from gross receipts for exemption u/s 10(23C)(iiiab)

5 months ago

Interest income to be excluded from gross receipts while computing percentage of Govt. finance for determining the exemption u/s 10(23C)(iiiab).…

  • Income Tax

NSDL latest e-TDS TCS RPU Version 5.7 and FVU 9.02 applicable from 04/07/2025 – Download

5 months ago

NSDL latest e-TDS TCS RPU Version 5.7 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing…

  • RBI

RBI new directions for prepayment charges by banks on floating rate loan & advances

5 months ago

RBI lays down revised rules for bank prepayment charges on all floating rate loan & advances sanctioned or renewed on or…

  • Aadhaar

Revised list of acceptable supporting documents for Aadhaar from 3rd July 2025

5 months ago

Revised and up to date list of acceptable supporting documents for Aadhaar enrolment and update from 3rd July 2025. UIDAI…

  • Income Tax

Addition for PF delayed payment upheld. Law of SC applies from inception of Statute

5 months ago

Addition u/s 36(1)(va) for delayed payment of EPF upheld holding that Supreme Court judgment imparts meaning to statute from the…