• Service Tax

Service tax liability admitted before cut-off date is “quantified” under SVLDRS – HC

3 weeks ago

Service Tax Liability admitted Before Cut-off Date amounts to “quantified” under Sabka Vishwas (Legacy Dispute Resolution) Scheme- Allahabad High Court…

  • Income Tax

Voluntary ex-gratia compensation not taxable. Department has to confine to grounds of appeal 

3 weeks ago

Voluntary ex-gratia compensation not taxable u/s 17(3)(i). Department has to confine to the grounds taken in appeal - ITAT Voluntary…

  • Income Tax

When purchases & sales found genuine deposit out of cash sales can’t be treated non-genuine

3 weeks ago

When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…

  • Income Tax

Interest u/s 244A payable from 1st April of AY when return filed within extended due date

3 weeks ago

Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date -…

  • Income Tax

Debit entry cannot added u/s 68 as it speaks of “Cash Credit” not for debits entries  

3 weeks ago

The debit entry cannot be added under Section 68 as it speaks about “Cash Credit” and not for debits entries…

  • Income Tax

Conversion of unsecured loan of wife against allotment of share in joint names upheld

3 weeks ago

Conversion of unsecured loan of wife against allotment of share in joint names in closely held company upheld The ITAT…

  • Income Tax

Penalty u/s 271D stayed as assessee denied receiving cash and matter pending in Civil Court

3 weeks ago

Penalty u/s 271D stayed as assessee denied having received cash loan and matter was pending in Civil Court In a…

  • Income Tax

Non allocation of common expenses in deduction u/s 80IA – ITAT quashed revision order

4 weeks ago

Non allocation of common expenses for deduction u/s 80IA – ITAT quashed revision order Non allocation of common expenses to…

  • Income Tax

High price of land no reason tax it as business income when its class remained Krishi bhumi

4 weeks ago

High price of land sold no reason tax it as business income when its class remained Krishi bhumi In a…

  • Income Tax

CIT(A) incorrect in not adjudicating ground raised merely because AR agreed not to press

4 weeks ago

CIT(A) incorrect in not adjudicating the ground raised merely because AR agreed not to press it In a recent judgment,…