Income Tax

  • Income Tax

Assessee mislead by claiming Bad debts written off but made provisions in balance sheet.

Assessee mislead by claiming deduction for Bad debts written off when in fact at the same time it treated the…

2 months ago
  • Income Tax

Prosecution u/s 276B quashed as delay in depositing TDS was due to staff maternity leave

Prosecution u/s 276B rws 278AA quashed by High Court as delay in depositing TDS was due to maternity leave of…

2 months ago
  • Income Tax

Penalty u/s 272B for non-quoting PAN deleted as notice u/s 274 did not specified default done

Penalty u/s 272B for non-quoting of PAN deleted as show cause notice u/s 274 did not specified default done by…

2 months ago
  • Income Tax

What is registered e-mail address of assessee for issue of notice u/s 148A(b)? High Court explains

What is registered e-mail address of assessee for issuance of notice u/s 148A(b)? Allahabad High Court explains, quashes re-assessment proceedings…

2 months ago
  • Income Tax

Creditworthiness proved when agricultural income though not accepted, treated other income

Creditworthiness proved when agricultural income not accepted by the Department in toto but the portion not accepted treated income from…

2 months ago
  • Income Tax

Mismatch found in interest & dividend income reported in ITRs; notices may follow

Taxman notices mismatches in interest & dividend income reported in ITRs of FY 2021-22 & 2022-23. Taxpayers advised to submit…

2 months ago
  • Income Tax

ITAT allows exemption u/s 11 denied on filing wrong ITR-5 instead of ITR-7 by mistake

Exemption u/s 11 denied on filing wrong ITR-5 instead of ITR-7 by mistake. A genuine and inadvertent mistake by filing…

2 months ago
  • Income Tax

Reopening notice u/s 148A quashed as assessee’s reply was not visible on e-filing portal

Reopening notice u/s 148A quashed as assessee’s reply was not visible on e-filing portal due to technical glitch In a…

2 months ago
  • Income Tax

Assessee while removing defect u/s 139(9) can not revise income originally returned – ITAT

Assessee while removing defect u/s 139(9) can not revise income originally returned. A corrected return does not have an independent…

2 months ago
  • Income Tax

Letter of an ITO is not an appealable order before Commissioner (Appeals) u/s 246A

Letter of an ITO is not an appealable order before Commissioner (Appeals) u/s 246A - ITAT In a recent judgment…

2 months ago