• Income Tax

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

2 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

2 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

2 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

2 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

2 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…

  • Income Tax

Section 43CB & ICDS-III is applicable to contractors not to real estate developers

3 weeks ago

Section 43CB read with ICDS-III is applicable to contractors and not real estate developers - ITAT In a recent judgment,…

  • Income Tax

Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.

3 weeks ago

Expenses incurred on ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act – ITAT Delhi In a…

  • Income Tax

Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer

3 weeks ago

Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the…

  • Income Tax

Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search

3 weeks ago

Reassessment quashed as AO issued u/s 148 instead of 153C as reopening was based on incriminating material found during search…