• Income Tax

Exemption u/s 10(23C)(iiiad) allowed. Receipts wrongly mentioned as income from other source

2 months ago

Exemption u/s 10(23C)(iiiad) allowed despite return erroneously mentioning receipts under wrong head i.e. income from other source. In a recent…

  • Income Tax

Loans without permission from Charity Commission no reason to deny registration u/s 12A

2 months ago

Objection of CIT(E) for loans taken without prior permission from Charity Commission was no reason for denial of registration u/s…

  • ICAI

No prohibition to entertain a complaint against Chartered Accountant at instance of spouse

2 months ago

There is no prohibition to entertain a complaint at the instance of spouse of a CA for the reason that…

  • Income Tax

PCIT cannot invoke the revisionary jurisdiction u/s 263 on instance of Assessing Officer

3 months ago

PCIT cannot invoke the revisionary jurisdiction u/s 263 of the Income Tax Act upon a proposal from the Assessing Officer…

  • Income Tax

AO can’t disturb income returned by assessee, without issue of notice u/s 143(2) – ITAT

3 months ago

If AO intends to disturb income returned by assessee, it is mandatory on his part to issue notice under section…

  • Income Tax

Source of cash being sales proceeds of household items upon sale of flat is plausible

3 months ago

Source of cash deposit being sales proceeds of household items upon sale of flat was held plausible and addition u/s…

  • Income Tax

CPC was not justified in making the disallowance u/s 40a(ia) for non deduction of TDS

3 months ago

TDS deductibility being debatable issue and not an apparent incorrect claim, CPC was not justified in making the disallowance In…

  • Income Tax

No addition when cash deposited in bank was available as cash in hand in the books

3 months ago

No addition when cash deposited in bank was out of cash in hand available with the assessee and AO could…

  • arbitration

Use of word “can” in arbitration clause not a binding arbitration agreement –SC

3 months ago

Use of word “can” in arbitration clause cannot be said to be a binding arbitration agreement –Supreme Court In a…

  • divorce

Loan repayments for assets acquisition not deductible for determining maintenance to wife

3 months ago

Repayments of loans taken for asset generation can’t be deducted  to arrive at earning capacity for determining maintenance to wife…