• Income Tax

PCIT u/s 263 cannot direct AO to do again and again enquiry the way he wants

12 months ago

PCIT exercising revisionary power u/s 263 cannot direct the AO to do again and again enquiry the way the PCIT…

  • RBI

RBI waives collateral security & margin for agricultural loans upto ₹2 lakh

12 months ago

RBI waives collateral security and margin requirements for agricultural loans including loans for allied activities upto ₹2 lakh per borrower.…

  • Income Tax

Assessee regularly filing returns would have certain savings, accumulated funds – ITAT

12 months ago

Assessee who is regularly filing income tax returns, would have in possession of certain amount of past savings/accumulated funds -…

  • Income Tax

Assessment u/s 147 without giving assessee copy of reasons to believe invalid – ITAT

12 months ago

Assessment framed u/s 147 without providing assessee copy of reasons to believe despite specific request was without valid assumption of…

  • Income Tax

Bank Cash Credit / Overdraft account can not be attached by Income Tax Authorities-High Court

12 months ago

Bank Cash Credit / Overdraft account which has not been utilized or availed can not be attached by Income Tax…

  • Income Tax

Department could have verified TDS deposit with technology instead of litigation – ITAT

12 months ago

Assessee’s contentions of TDS deposit could have been easily verified with help of technology instead of relegating assessee to litigation…

  • Income Tax

Approval u/s 153D granted to 21 cases by a single letter was mechanical – ITAT

12 months ago

Approval granted u/s 153D by Additional Commissioner to 21 cases by way of a single letter of approval was mechanical…

  • Income Tax

Two distinct, non-adjacent flats at different floors does not qualify for exemption u/s 54F

12 months ago

Two distinct, non-adjacent flats at opposite ends of two different floors does not fulfill the criteria for exemption under Section…

  • Income Tax

Violation of conditions u/s 13(1)(c) & denial of exemption. SC directs HC to admit appeal

12 months ago

Violation of conditions u/s 13(1)(c) & denial of exemption – Supreme Court directs High Court to admit appeal In a…

  • Income Tax

Quashing of Notice u/s 148 for AO not applying mind to information received – SLP dismissed

12 months ago

Quashing of Notice u/s 148 as AO did not apply mind to information received – SC dismissed Special Leave Petition…