• Income Tax

No disallowance merely for self-made vouchers for expense common in business done

5 months ago

No disallowance merely because of self-made vouchers for expenses when such expenses are common in the kind of business done…

  • GST

GST assessment order without containing DIN Number non-est and invalid – High Court

5 months ago

GST assessment order without containing DIN Number non-est and invalid – High Court set aside the assessment. In a recent…

  • Income Tax

It is surprising that Postal and Income Tax Department have not been integrated -HC

5 months ago

It is surprising that the Postal Department and the Income Tax Department have not been integrated – High Court In…

  • Income Tax

Income Tax cracks down on bogus claims of deductions & exemptions claimed in ITR

5 months ago

Income Tax launched verification operation to investigate fraudulent claims of deductions and exemptions claimed in Income Tax Returns. Income Tax…

  • Income Tax

Order u/s 263 without mentioning Section under which AO should have made addition quashed

5 months ago

ITAT quashed order passed by PCIT u/s 263 without mentioning specific Section under which AO should have made the addition…

  • Income Tax

No penalty u/s 271E or 271D without recording satisfaction in assessment order

5 months ago

No penalty u/s 271E or 271D can be levied without satisfaction recorded in the assessment order for initiating the penalty…

  • Income Tax

Deduction allowed u/s 48 of housing loan interest paid over & above claimed u/s 24(b)

5 months ago

Assessee entitled to claim deduction u/s 48 of housing loan interest paid for remaining amount over and above already claimed…

  • Income Tax

SCN dropped in e-filing portal requiring reply on same date is in violation of natural justice

5 months ago

Show cause notice dropped in e-filing portal requiring reply on the same date was in gross violation of the principles…

  • Income Tax

Whether source of fund for share capital is explained, is a question of fact

5 months ago

Whether source of funds for share capital is explained is, a question of fact not giving rise to any substantial…

  • Income Tax

Penalty u/s 271AAC deleted as income surrendered was declared in revised return

6 months ago

Penalty u/s 271AAC deleted by ITAT as income surrendered was declared in revised return substituting original return. In a recent…