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Dependent mother of the deceased also entitled to compensation under Motor Vehicle Act – Supreme Court In a recent judgment Hon’ble Supreme Court has held that dependent mother of the deceased is entitled to compensation under Motor Vehicle Act as obligation of a child to maintain their parent …
Bank certificate stating that fixed deposits did not pertain to the assessee, despite PAN of assessee used, the onus casted upon the assessee stood discharged – ITAT In a recent judgment ITAT Mumbai deleted addition u/s 69A observing that once the bank issued a certificate stating that the …
Indian Overseas Bank Concurrent Audit Empanelment for the financial year 2025-26 (from 01.07.2025 to 30.06.2026) Indian Overseas Bank has invited online applications for Bank Concurrent Audit Empanelment for the financial year 2025-26. IOB Concurrent Audit Empanelment The following basic criteria will be adhered to in selection of …
Entire TDS credit allowed to the joint owner of the property in whose account entire sale consideration was received In a recent judgment ITAT Bangalore allowed the entire TDS credit to the joint owner of the property in whose account entire sale consideration was received as the co-owners …
Even when the trust is not registered u/s 12A, taxes can be levied on the net income and taxing of the entire receipts without any deduction towards expenditure is wrong and illegal – ITAT In a recent judgment ITAT Chandigarh has held that even when the Trust is …
Merely stating head of income from which unexplained investment was generated without stating the actual source does not amount to an explanation within the meaning of section 69. In a recent judgment ITAT Allahabad has held that merely stating the head of income from which the unexplained investment …
CBDT issues awareness material on making a rightful claim of refunds in Income Tax Returns It has been seen in past that salaried persons in particular, filed their Income Income Tax Returns (ITRs) claiming large amount of refund towards tax deducted at source. On scrutiny it transpired that …
No infirmity in reopening on the reasoning that no return was filed by the assessee when assessee was using two different PANs, one for bank operation and other for filing ITR – ITAT In a recent judgment ITAT Allahabad has held that there was no infirmity in the …
Electric Vehicle to be eligible for tax exemption in Uttar Pradesh must fulfil twin conditions of both purchase and registration of vehicle in Uttar Pradesh In a recent judgment Allahabad High Court has held that in order to be eligible for tax exemption to electric vehicles, twin conditions …
In terms of Section 75(4) of GST Act, 2017 it is incumbent to grant an opportunity of personal hearing even if the same is not asked for. In a recent judgment, Hon’ble Allahabad High Court has reiterated that in terms of the mandate of Section 75(4) of GST …
