• Income Tax

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

5 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

5 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

5 months ago

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

  • RBI

Redemption price of SGB Scheme 2017-18 – Series II due on 28.07.2025, to be ₹9,924

5 months ago

Redemption price of Sovereign Gold Bond Scheme 2017-18 – Series II due on July 28, 2025, shall be ₹9,924/- Final redemption…

  • Audit

HC refrained to interfere with direction of Registrar to appoint new CA for audit

5 months ago

High Court refrained to interfere with direction of Assistant Registrar to appoint a new Chartered Accountant to audit alleged financial…

  • Excise/Custom

Clearance of goods imported/shipped/arrived in advance, but not cleared from Customs

5 months ago

Goods already imported / shipped / arrived, in advance, but not cleared from Customs may also be cleared for home…

  • High Courts
  • Income Tax

Mistakes in ITR can be corrected only by revised return. CPC cannot go beyond ITR

5 months ago

Mistakes committed by assessee in return of income can be corrected only through a revised return of income. CPC cannot…

  • GST

Payment of tax/penalty not absolve GST authorities u/s 129(5) to pass final order

5 months ago

Deeming fiction of Section 129(5) of CGST Act, 2017 cannot be interpreted to imply that the proper officer is absolved…

  • Income Tax

Addition u/s 68 deleted as identity of loan givers established and loan was repaid

5 months ago

Addition u/s 68 deleted as identity of loan givers established and assessee was not beneficiary as loan was repaid in…

  • Income Tax

Allegation of Swiss Bank Account not established for mere name in DTAA information

5 months ago

No burden of proof on assessee to rebut the alleged Swiss Bank Account for mere presence of name in document…