Income tax prosecution u/s 276CC where assessee filed belated return under section 139(4) – Allahabad High Court admits application In…
Excel Calculator to compare Tax under old and new Personal Tax Regime u/s 115BAC for AY 2024-25 (FY 2023-24) This…
CBDT extends time for filing audit report in Form 10B of 10BB for AY 2023-24 to 31.03.2024 Extension of time…
Assessment order has to be read as it is and there is no scope for drawing any inference or reading…
Belief of the Assessing Officer regarding escapement of income should be based on some tangible information In a recent judgment,…
Capital gain tax in JDA is in the year of receipt of constructed area and not in year of entering…
Simply holding that AO was required to make more enquires is not a valid ground to hold assessment order as…
Assessee can not be prevented from claiming an income exempt merely because such income was wrongly offered in ITR which…
CIT(A) directed to consider rectification application u/s 154 against CPC adjustment made u/s 143(1)(a) In a recent judgment, ITAT has…
No penalty can be levied if AO failed to record such satisfaction in assessment order. Penalty proceedings would necessarily be…