• Income Tax

FMV of property cannot be determined exactly. Valuation to differ from valuer to valuer – ITAT

5 months ago

Fair market price of property cannot be determined exactly. Valuation will differ from valuer to valuer - ITAT In a…

  • Income Tax

Addition made without providing opportunity for cross examination is invalid – ITAT

5 months ago

Addition made without providing to assessse an opportunity for cross examination is invalid – ITAT In a recent judgment, ITAT…

  • ICAI

ICAI to launch certification / Post qualification course in Forensic Investigation

5 months ago

ICAI plans to launch certification / Post qualification course in Forensic Investigation. ICAI may soon launch its certification / diploma…

  • Income Tax

No disallowance u/s 40(a)(ia) can be made merely for not e-filing form 26A

5 months ago

No disallowance u/s 40(a)(ia) can be made merely for not e-filing form 26A which is a procedural lapse. In a…

  • Income Tax

CBDT asks Officers not to ask irrelevant & unjustified queries in scrutiny notices

5 months ago

CBDT asks Income Tax officials to avoid asking irrelevant and unjustified queries in scrutiny notices issued to taxpayers. CBDT issues…

  • Income Tax

Once loan is repaid, addition for cash credits can not be made in isolation of debit entries

5 months ago

Once repayment of the loan is established, credit entries cannot be added to income in isolation ignoring the debit entries…

  • Income Tax

Travel back theory of CBDT is against judgment of Apex Court in Ashish Agarwal case

5 months ago

Travel back theory as propounded by the CBDT Instruction is against the spirit of the ratio laid down by the…

  • Income Tax

Failure of AO to draw inferences not mean that assessee did not disclosed all material facts

5 months ago

Failure of AO to draw inferences cannot mean that the petitioner had not disclosed all the material facts – High…

  • Income Tax

Amendment to Double Taxation Avoidance Protocol between Indian and Oman

5 months ago

Notification for protocol amending the Agreement between the Republic of India and Sultanate of Oman for the avoidance of double…

  • Income Tax

No addition on basis of dumb document being undated, unsigned & typed loose sheet of paper

5 months ago

Undated, unsigned and typed loose sheet of paper are dumb document, could not be taken as the sole basis for…