Author: administrator
Capital gain under JDA chargeable during the previous year, in which the certificate of completion for the whole or part of the project is issued by the competent authority. Capital gain under a Joint Development Agreement shall be chargeable to income-tax as income of the previous year, in …
Non furnishing of reasons recorded for reopening of assessment despite assessee asking the same, the reassessment order bad in law. In a recent judgment, ITAT Delhi held that where reasons recorded were not furnished for reopening of assessment even when assessee sought for the same, the reassessment order …
When search u/s 132 was not conducted at the registered address of the assessee company, proceeding u/s 153A can not be initiated on the assessee. In a recent judgment, ITAT Delhi has held that when search u/s 132 was not conducted at the registered address of the assessee …
Revision order u/s 263 by PCIT without specifying what information AO had not called – SC declines to interfere with quashing. In a recent case, the Hon’ble Supreme Court declined to interfere with quashing of revision order under section 263 as PCIT did not give any specific finding …
The appellant/Petitioner not barred to arguing points other than on which the appeal is admitted by Court. SLP against admission of an appeal is not maintainable – SC In a recent order, the Hon’ble Supreme Court has held that admission of an appeal does not debars the appellant/Petitioner …
How to solve “please select type of account” error appearing while filing online income tax return at e-portal. It has been reported by many users that while filing online their return of income at e-filing portal at validation stage an error is displayed showing an error with message …
Validity of 2nd provisional attachment order after expiry of 1st provisional attachment order u/s 83 of the Central/State GST Act. Whether second attachment order valid after expiry of first provisional attachment order u/s 83 of the GST Act 2017? – Supreme Court to decide ABCAUS Case Law Citation:4654 …
Supreme Court refused to quash the order passed by the PCIT under section 127 of Income Tax Act 1961 transferring the case of the assessee from one State to another. In a recent case the Hon’ble Supreme Court declined to quash the transfer of case under section 127 …
DGFT clarification regarding Export of “Organic Textiles – Organic textiles do not fall within the ambit of accreditation categories prescribed under the NPOP. Organic textile refers to any fabric or material made from natural fibers grown without the use of synthetic pesticides, herbicides, or genetically modified organisms (GMOs). …
GST Portal enabled to file appeal against rejection of waiver of GST interest/penalty GSTB has informed that GST Portal is now enabled to file appeal against waiver order (SPL 07). Application for waiver of interest or penalty or both under Section 128A(1)(a) in case of notice or statement is …
