• Income Tax

Penalty u/s 271(1)(b) for each default in not responding notices u/s 142(1) not justified

9 months ago

Levy of penalty u/s 271(1)(b) for each default in not responding to notices issued u/s 142(1) of the Act was…

  • Income Tax

Section 269SS not apply to cash refund of advance given for purchase of property

10 months ago

Refund of advance amount on cancellation of agreement for purchase of property does not partake the character of loan or…

  • Income Tax

Foreign Tax Credit cannot be denied for delay in filing Form-67 which is directory – ITAT

10 months ago

Foreign Tax Credit cannot be denied merely because there is a delay in filing Form-67 which is directory and not…

  • Income Tax

CPC adjustment u/s 143(1) allowed to be examined in scrutiny u/s 143(3)

10 months ago

ITAT allows issue of CPC adjustment made in intimation u/s 143(1) to be examined in proceedings u/s 143(3) In a…

  • Income Tax

Minimum 7 day’s time to reply to notice u/s 148A(b) was not required in search cases

10 months ago

Minimum 7 days time to furnish reply to notice u/s 148A(b) was not required in cases covered by search -…

  • Income Tax

Non-tax payer not expected to view Portal now and then–Reassessment order quashed

10 months ago

Assessee being a non-tax payer, cannot be expected to view the Portal after a lapse of 8 eight years –…

  • Income Tax

Capital received in earlier year can not be taxed as unexplained cash credit in later Year

10 months ago

Amount of share capital received in earlier year can not be taxed as unexplained cash credit in subsequent Year -…

  • Concurrent Audit

IDBI online application for empanelment of Concurrent Auditor. Last date : 31/03/2025

10 months ago

IDBI invites application for empanelment of Chartered Accountant firms as Concurrent Auditor for FY 2025-26 IDBI Bank has invited online…

  • GST

Plea raised, good, bad or indifferent, was required to be dealt with by GST authority

10 months ago

Plea raised in response to the GST show cause notice, whether good, bad or indifferent, was required to be dealt…

  • Income Tax

No denial of deduction u/s 80IA(4) because assessee himself not conceived development

10 months ago

Assessee cannot be declined deduction u/s 80IA(4) merely on the ground that the assessee was not a developer but was…