• Income Tax

Size of residential house not a criteria for claiming exemption u/s 54F 

4 weeks ago

Size of the residential house is not a criteria for claiming exemption u/s 54F - ITAT  In a recent judgment,…

  • ICAI

ICAI to debar student taking mobile phones inside the examination hall for 5 years

4 weeks ago

ICAI to debar student taking mobile phones inside the examination hall for 5 years As per ICAI Announcement, it has…

  • Income Tax

AO Refused to accept Tax Audit Report as schedule not signed by CA-matter remitted

4 weeks ago

AO refused to accept Tax Audit Report as schedule were not signed by CA. High Court remanded the matter  In…

  • Income Tax

Net Profit rate of 8% not applicable for audit case. NP rate of 6% is reasonable – ITAT

4 weeks ago

Net Profit rate of 8% not applicable for audit case. Net Profit rate of 6% is reasonable for business of…

  • Income Tax

Change in explanation of assesseee due to change of council cannot be summarily rejected 

4 weeks ago

Change in explanation of assesseee due to change of council cannot be summarily brushed aside - ITAT  In a recent…

  • Income Tax

Agricultural income can not be doubted merely for not paying cess to Krishi Upaj Mandi

4 weeks ago

Agricultural income can not be doubted merely for not paying agricultural cess to Krishi Upaj Mandi - ITAT In a…

  • Income Tax

AO not obliged to decided pointwise objection in response to notice u/s 148A(b)

1 month ago

AO not obliged to decided pointwise objection of assessee in response to notice u/s 148A(b)  In a recent judgment, the…

  • Income Tax

Order u/s 148A(d) quashed for non furnishing vital information to rebut allegation

1 month ago

Order u/s 148A(d) quashed for non furnishing vital information to assessee to rebut allegation of escapement of income In a…

  • road-tax

Finance company taking possession of vehicle for non payment is liable to pay road tax

1 month ago

Financier taking possession of transport vehicle for non payment of loan is liable to pay road tax from the date…

  • Income Tax

Late fee on TDS payments and GST interest is allowable expenditure u/s 37

1 month ago

Late fee on TDS payments and payment of interest on GST is allowable expenditure u/s 37 of the Income Tax…