• Income Tax

Assessment proceedings vitiated by not taking cognisance of a valid revised return

11 months ago

Assessment proceeding was vitiated by not taking cognisance of a valid revised return by which original return stood obliterated. In…

  • Income Tax

Hundred percent addition on account of bogus purchase upheld – SLP dismissed

11 months ago

SLP dismissed against 100 percent addition made by the High Court on account of bogus purchase In a recent judgment…

  • Income Tax

Percentage completion method of accounting of real estate business was incorrect – ITAT

11 months ago

Application of percentage completion method of accounting of real estate business was incorrect as the project was not in the…

  • Income Tax

Provisions of Section 41(1) not apply to liabilities in respect of capital assets – ITAT

11 months ago

Provisions of Section 41(1) not applicable to liabilities written back which were incurred in respect of capital assets and were…

  • GST

Seizure of goods justified when e-way bill not generated on movement of goods

11 months ago

Seizure of goods justified when e-way bill was not generated immediately on movement of the goods but was generated after…

  • Income Tax

AO not bound to bring on record an acknowledgment of service of notice

11 months ago

AO not bound to bring on record an acknowledgment of service of the notice which is issued by registered post…

  • Income Tax

Addition u/s 68 deleted as time gap in cash withdrawal & deposit was normal in business

11 months ago

Addition u/s 68 deleted as time gap between cash withdrawal and cash deposit into bank account was similar to the…

  • Income Tax

ITAT upheld depreciation on goodwill generated in the course of amalgamation

11 months ago

When amalgamation is done in larger interest of business, depreciation on goodwill generated in the course of amalgamation allowable -…

  • Income Tax

No disallowance u/s 40A(3) as business nature and cash withdrawals patterns remained same

11 months ago

ITAT upheld deletion of disallowance u/s 40A(3) where the nature of business remained the same and the patterns of cash…

  • Income Tax

Deduction u/s 80IA allowed on interest income from fixed deposits and TDS refund

11 months ago

High Court allowed deduction u/s 80IA allowed on interest income from fixed deposits and on interest on TDS refund In…