• Income Tax

Negligence of tax payer would not make exempt income taxable – ITAT

3 weeks ago

It is well settled that if any receipt cannot be subjected to tax being exempt under law, negligence of any…

  • GST

For a notice sent by GSTN Portal no inference may be drawn as to its actual service

3 weeks ago

Since UPGST Authorities unable to inform when notice sent by GSTN Portal may have been retrieved or downloaded, no inference…

  • Income Tax

Cash deposit of Rs. 250000 cr (credit) misread as crores by AO – Plea declined

3 weeks ago

High Court declines plea of assessee that Income Tax Department wrongly read amount of cash deposit of Rs. 250000 Cr…

  • Income Tax

Discontinuance of business of firm will not vest ownership of firm’s property with partners

3 weeks ago

Discontinuance of business of partnership firm will not result in vesting ownership of firm's property with individual partners for capital…

  • Income Tax

Release of seized jewellery/gold u/s 132B within 120 days is directory not mandatory

3 weeks ago

Stipulation of 120 days for release of seized jewellery/gold u/s 132B is directory not mandatory – Delhi High Court In…

  • ICAI

ICAI issues FAQs on key accounting implications arising from New Labour Codes

3 weeks ago

FAQs on key accounting implications arising from the New Labour Codes Recently, Government consolidated existing labour laws into four new…

  • Income Tax

Deduction u/s 80-IA(7) not allowed for delayed filing of audit report in Form 10CCB

3 weeks ago

Filing audit report in Form 10CCB within due date is mandatory. The assessee cannot claim deduction u/s 80-IA(7) he ground…

  • Income Tax

Is CSR expenditure is allowable under section 80G of Income Tax Act – ITAT says “Yes”

3 weeks ago

CSR expenditure of companies is allowable under section 80G unless fall under the two exceptions specified. In a recent judgment,…

  • Income Tax

Territorial jurisdiction of ITAT is determined on the basis of situs of Assessing Officer

3 weeks ago

Jurisdiction of ITAT is determined not by the place of business or residence of assessee but by the location of…

  • Income Tax

Notice u/s 148 set-aside as assessee’s e-mail was inactive and notices went un-noticed

3 weeks ago

Notice u/s 148 set-aside and remitted back since the assessee’s e-mail was inactive leading to all notices go un-noticed In…