• Income Tax

Addition for extra sales on basis of trading account for truncated financial year deleted

1 year ago

Addition for extra sales on the basis of trading account for truncated period of the financial year deleted by ITAT…

  • Income Tax

CBDT further clarifies on waiver of interest on failure to collect or pay TCS

1 year ago

CBDT further clarifies circular on waiver of interest on account of failure to collect or pay the collected tax to…

  • GST

High Court grants bail to accused of fake ITC utilization of more than 18 crores

1 year ago

High Court grants regular bail to the accused of availing and utilization of fraudulent Input Tax Credit. In a recent…

  • Income Tax

Return can be revised u/s 139(5) to claim rebate u/s 87A not claimed in original return

1 year ago

Return can be revised under section 139(5) to claim rebate u/s 87A not claimed in original return due to error…

  • Income Tax

CBDT relaxes time limit for processing of returns filed after condonation of delay

1 year ago

CBDT relaxes time limit for processing u/s 143(1) of returns filed after condonation of delay u/s 119(2)(b) Relaxation of time…

  • Income Tax

When assessed income computed from returned income, ITR not invalid for no e-verification

1 year ago

When AO started the computation of assessed income from the returned income, the return can not be considered non-est for…

  • Income Tax

No bar in holding cash after withdrawals for longer period before redeposit in bank

1 year ago

There is no bar in holding cash after withdrawals for longer period before deposited into bank on subsequent dates -…

  • Income Tax

FMV of property cannot be determined exactly. Valuation to differ from valuer to valuer – ITAT

1 year ago

Fair market price of property cannot be determined exactly. Valuation will differ from valuer to valuer - ITAT In a…

  • Income Tax

Addition made without providing opportunity for cross examination is invalid – ITAT

1 year ago

Addition made without providing to assessse an opportunity for cross examination is invalid – ITAT In a recent judgment, ITAT…

  • ICAI

ICAI to launch certification / Post qualification course in Forensic Investigation

1 year ago

ICAI plans to launch certification / Post qualification course in Forensic Investigation. ICAI may soon launch its certification / diploma…