• Income Tax
• ITAT

ITAT remanded case for non receipt of notice, says postal services poor in rural areas

ITAT remanded case for non receipt of notice, says postal services are poor in rural areas. Sometimes the postman delivers…

• Income Tax

AO had no jurisdiction to frame assessment when statutory notices issued at parental house

AO had no jurisdiction to frame assessment when statutory notices issued at parental house and assessee was living at a…

• Income Tax

Agreement between India and Marshall Islands for exchange of information on tax matters

Agreement between India and Marshall Islands for exchange of information on tax matters Agreement between the Government of the Republic…

• Income Tax

Form 15H declaration can be accepted if after section 87A rebate tax liability is nil. CBDT amends rules for payment…

• Income Tax

Delay condoned as assessee filed a single appeal against two penalty orders, later realized it was not allowed

Delay condoned as assessee filed a single appeal against two penalty orders and later realized that a single appeal against…

• Income Tax

Depreciation on goodwill and non compete fee allowed following judgments of Supreme/High Court

Depreciation on goodwill and non compete fee allowed by the Tribunal in view of the binding judgment of Hon'ble Supreme…

• Income Tax

Reopening u/s 148 without forming belief that income has escaped assessment bad in law

Reopening u/s 148 for mere non disclosure of bank account in ITR without forming belief that income has escaped assessment,…

• Income Tax

Penalty 271A quashed as Rule 6F did not apply and assessee furnished adequate information

Penalty 271A cannot be sustained when assessee was not covered under Rule 6F assessee furnished adequate information to enable AO…

• Income Tax

Applicability of section 115BBE to surrender made during survey is highly debatable – ITAT

Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate…

• Income Tax

Amendment of Form No 10B of auditors report u/s 12A1(b) for charitable institutions-Draft notification

Amendment of Form No 10B of auditors report u/s 12A(b) for charitable institution CBDT issues draft notification proposing more comprehensive…