• Income Tax

No addition u/s 68 once source of cash is explained as accounted business receipts

12 months ago

It is well-settled that once the source of cash is explained to be business receipts already accounted for and taxed,…

  • Income Tax

Addition u/s 69C as unexplained expenditure upheld over and above GP addition

12 months ago

ITAT confirmed addition u/s 69C as unexplained expenditure over and above Gross Profit addition In a recent judgment, ITAT Hyderabad…

  • Income Tax

Merely non furnishing purchase & sale register not escapement of income – SLP dismissed

12 months ago

Merely non furnishing of purchase & sale register would not amount to escapement of income In a recent judgment, the…

  • Income Tax

Exemption u/s 54F allowed as assessee became owner of 2nd house only after mutation

12 months ago

Exemption u/s 54F allowed holding that assessee was owner of only one house at the time of transfer and became…

  • GST

LR must be issued SCN before making determination of GST liability of deceased

12 months ago

Legal representative of deceased must be issued a show cause notice before making determination of GST liability of deceased –…

  • Income Tax

Notice u/s 143(2) by ITO who lacked jurisdiction held valid being in conformity with intent of Act

12 months ago

Notice u/s 143(2) issued by ITO who lacked jurisdiction held valid as in substance it was in conformity with the…

  • GST

No error or illegality in dismissing appeal for non payment of 20% of tax demanded – SC

12 months ago

Appellate Authorities committed no error or illegality in dismissing the appeal for non payment of 20% of the tax demanded…

  • GST

Merely not mentioning transporter’s name in e-way bill not intention to evade payment of tax

12 months ago

When goods was accompanied with requisite documents merely not mentioning name of transporter in e-way bill not intention to evade…

  • Income Tax

Assessment quashed as ITR was above Rs. 10 lacs for which ITO lacked jurisdiction

12 months ago

Assessment quashed as the return of income was filed by the assessee was above Rs.10 lacs, for which, the jurisdiction…

  • Income Tax

Revenue record not conclusive evidence that land is used for agricultural purposes

12 months ago

Revenue record is only one of evidence and not a conclusive piece of evidence that land is used for agricultural…