• Income Tax

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

6 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

6 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

6 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

6 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

6 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

6 months ago

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

  • Income Tax

Interest on delayed payment of Land Acquisition compensation is taxable as capital gain

6 months ago

Interest for delayed payment of compensation under Land Acquisition Act is taxable as capital gain not interest u/s 56 and…

  • FCRA

Extension of the validity of FCRA registration certificates till 30.09.2025

6 months ago

Extension of the validity of FCRA registration certificates till 30.09.2025 Home Ministry has decided to extend the validity of FCRA…

  • GST

Review, revision & appeals for orders passed by GST Common Adjudicating Authority

6 months ago

Guidelines for review, revision, and appeals for orders passed by GST Common Adjudicating Authority CBIC has issued clarifications / guidelines…

  • Income Tax

For accumulated profits u/s 2(22)(e), depreciation under Income-tax Act is to be deducted

6 months ago

For arriving at accumulated profits for deemed dividend u/s 2(22)(e), depreciation under Income-tax Act is to be deducted - ITAT…