• Income Tax

Disallowance u/s 40A(3) for cash payment to agents for onward disbursement for expenses set aside

Disallowance u/s 40A(3) for cash payment to agents for onward disbursement towards various expenses set aside. ITAT remands case for…

• IFRS

International Accounting Standards Board proposes annual improvements to 4 IFRS Standards

International Accounting Standards Board proposes annual improvements to four IFRS Standards The International Accounting Standards Board (Board) has published proposed…

• Income Tax

Explanation for cash deposits in bank account accepted as there was no sign of business activity

ITAT accepted explanation for cash deposits in bank account as there were only cash deposits in bank account and no…

• Income Tax

Cash deposited in bank after kept in hand for two years out of FDR maturity accepted

Cash deposited in bank after kept in hand for two years out of FDR maturity accepted as Revenue could not…

• 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…