• Income Tax

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

12 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

12 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

12 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

12 months ago

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

  • Income Tax

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

12 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

12 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

12 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

12 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

12 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

12 months ago

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