• negotiable instrument act

No absolute embargo to file complaint u/s 138 of N.I. Act against SICK company – SC

11 months ago

Complaint u/s 138 of N.I. Act against SICK company was valid when restraint order allowed it to draw to meet…

  • Income Tax

Disallowance upheld u/s 37(1) for interest on delayed payment of TDS, late fees u/s 234E

11 months ago

ITAT confirms disallowance u/s 37(1) interest on delayed payment of services tax, TDS, late fees on delay in filing of…

  • Income Tax

Addition deleted for deposits of fee by students of employer school in assessee’s bank

11 months ago

Addition deleted for deposits in assessee’s bank account, fees of students of the school the assessee was employed. In a…

  • Income Tax

Amendment to Income Tax Rule 2DCA – Income-tax (25th Amendment) Rules 2025

11 months ago

Amendment to Income Tax Rule 2DCA - Income-tax (Twenty-Fifth Amendment) Rules, 2025 Income Tax Rule 2DCA was introduced by the…

  • Income Tax

Undisclosed Income of AOP Syndicates cannot be clubbed with member assessees – SC

11 months ago

Despite that assessee had formed various AOP syndicates for carrying out the business for a definite share of profit, the…

  • Income Tax

Assessment made on the basis of defective return is an invalid assessment – ITAT

11 months ago

Assessment made on the basis of a defective return filed by the assessee is invalid assessment - ITAT In a…

  • Income Tax

Deposit in CGAS u/s 54F(4) not required if sale proceeds invested within time u/s 54F(1)

11 months ago

Deposit in CGAS u/s 54F(4) has no application if assessee invests the sale consideration within the period stipulated in Section…

  • Income Tax

Section 13 applies only to eligibility of exemption u/s 11, not for registration u/s 12AB

11 months ago

Section 13 of Income Tax Act applies only on the eligibility of exemption of income u/s 11 and not at…

  • Income Tax

Order rejecting registration u/s 12AB without confronting assessee with inspector’s report set aside

11 months ago

Rejecting application for registration u/s 12AB without confronting society with inspector’s report was violation of the principle of natural justice…

  • Income Tax

SC punished Income Tax Officials with fine for launching prosecution u/s 276C

11 months ago

Supreme Court punished Income Tax Officials with fine for launching prosecution u/s 276C without any order of the ITAT imposing…