• Income Tax

Reassessment on basis of borrowed belief of Anti-Corruption Bureau quashed

3 weeks ago

ITAT quashed reassessment on the basis of borrowed belief of Anti-Corruption Bureau without applying mind In a recent judgment, ITAT…

  • Income Tax

In considering disallowance u/s 40A(2) genuineness of expenditure not relevant issue

3 weeks ago

In considering disallowance u/s 40A(2) for payments to specified persons, genuineness of expenditure is not a relevant issue. In a…

  • Income Tax

Expression “Yes I am satisfied” in approval u/s 151 not a vital defect – ITAT

3 weeks ago

Expression “Yes I am satisfied” in approval u/s 151 not such a vital defect on the basis of which, re-opening…

  • Income Tax

Section 143(1) Intimation not an order for Revision u/s 264 of Income Tax Act

3 weeks ago

Section 143(1) Intimation is only an intimation and it cannot be treated as an order for the purpose of Section…

  • Income Tax

PCIT with jurisdiction over non corporate assesee can’t transfer corporate assessee’s case

3 weeks ago

Order u/s 127 quashed as PCIT having jurisdiction over non corporate assesee could not have transferred case of a corporate…

  • DGFT

Modalities for issue of export authorizations of wheat flour & related products

3 weeks ago

DGFT issues modalities for eligibility, receipt and processing of applications for issuance of authorizations for export of wheat flour and…

  • Income Tax

No obligation to deduct TDS u/s 195 on payment to non-resident foreign commission agent

3 weeks ago

No obligation to deduct tax at source u/s 195 on the commission paid to non-resident foreign commission agent not liable…

  • Income Tax

Deduction u/s 80P denied as return not filed u/s 139(1) but in response to notice u/s 148

3 weeks ago

Deduction u/s 80P denied as assessee did not file return u/s 139(1) but beyond the due date only in response…

  • GST

High Court denied pre-arrest bail to accused of fake ITC utilisation

3 weeks ago

High Court denied pre-arrest bail to accused of fake ITC utilisation on possibility of misusing the concession of pre arrest…

  • Income Tax

ITR was not non est for no e-verification when AO took cognizance of returned income

3 weeks ago

Return could not be said to be non est for non e-verification when AO had been taken due cognizance of…