Author: administrator
Exemption u/s 54F can not be denied merely because assessee did not deposit net sale consideration in capital gain account In a recent judgment, ITAT Chennai has held that exemption u/s 54F can not be denied merely because assessee did not deposit net sale consideration in capital gain …
Addition u/s 56(2)(vii)(b) deleted in absence of DVO’s report where the building on the land purchased was 30 years old In a recent judgment, ITAT Chennai deleted addition u/s 56(2)(vii)(b) as there was no DVO’s report as on the date of impugned order and the subject building was …
Denial of exemption u/s 10(26) upheld as address of assessee in PAN was of Mumbai and he could not produce any evidence of residing in specified area In a recent judgment, Hon’ble High Court of Jammu and Kashmir has upheld denial of exemption under section 10(26) as address …
No addition u/s 69A can be made for cash deposit in bank when the alleged bank accounts were duly recorded in the books of accounts of the assessee – ITAT In a recent judgment, ITAT Agra quashed addition made under section 69A for cash deposit in the bank …
System generated notice cancelling GST registration is quashed and set aside by Allahabad High Court System generated notice cancelling GST registration is quashed and set aside by Allahabad High Court holding that power lies with the officers and not with the system and notice which is system generated …
MCA to launch final set of 38 Company Forms on 14th July 2025 at 12:00 AM. Note down dates of V3 and V2 Portals being disabled. The Ministry of Corporate Affairs is launching final set of 38 Company Forms (including 13 Annual filing forms, 6 Audit/Cost audit forms) …
CAI notifies Dates of CA Foundation, Intermediate and Final Exams September 2025 The Institute of Chartered Accountants of India has announced the dates of next Chartered Accountants Foundation, Intermediate and Final Examinations to be held in September 2025. Dates of CA Exams September 2025 Schedule FOUNDATION COURSE EXAMINATION …
Allahabad High Court dismissed Patanjali challenge to GST penalty of more than 273 crores on charges of indulging in circular trading of paper tax invoices without actual supply of goods. In a recent judgment, Allahabad High Court dismissed the challenge of Patanjali to GST penalty of more than …
Benefit of exemption u/s 11 cannot be denied, only because assessee misplaced and could not produce registration certificate issued u/s 12AA – ITAT In a recent judgment, ITAT Jaipur held that benefit of exemption u/s 11 cannot be denied only because assessee could not place on record registration …
ITAT condoned delay of 346 days observing law and provisions are laid down to benefit both sides of litigation. In a recent judgment, ITAT Rajkot condoned the delay of 346 days in filing appeal observing that provisions of law have to be adhered strictly and that one cannot …
