Income Tax

  • Income Tax

Merely making cash payment cannot be a ground for disallowance – ITAT

Merely making cash payments cannot be a ground for disallowance if section 40A(3) not violated or no defects were found…

5 years ago
  • Income Tax

Disallowance u/s 40A(3) for payment of partners salary in cash. Case remanded in view of SC judgment

Disallowance u/s 40A(3) of payment of partners salary in cash. ITAT remands the case in view of Supreme Court judgment…

5 years ago
  • Income Tax

Is bank guarantee commission liable to TDS u/s 194H? SC keeps the Question of Law open

Is bank guarantee commission liable to TDS u/s 194H-SC dismisses SLP of the Department but keeps the Question of Law…

5 years ago
  • Income Tax

Kardaata e-Sahyog Abhiyaan to be launched by ITD on Income Tax Day – 24th July, 2019

ITD to launch Kardaata e-Sahyog Abhiyaan on Income Tax Day 24th July 2019 Income Tax Department is celebrating Income Tax…

5 years ago
  • Income Tax

Download Tax Credit Mismatch report from income tax e-filing account

Download Tax/TDS Credit Mismatch report from income tax e-filing account Income Tax e-filing portal has enabled viewing and downloading report…

5 years ago
  • Income Tax

Disallowance u/s 40A(2) for unreasonable increase in directors remuneration deleted

Disallowance u/s 40A(2) for unreasonable increase in directors remuneration deleted as AO not carried out exercise to determine fair remuneration…

5 years ago
  • Income Tax

Bogus purchases additions not based on average GP or NP declared deleted by ITAT

Bogus purchases additions not based on average GP or NP declared by the assessee in preceding years or some reasonable…

5 years ago
  • Income Tax

Depreciation and provision for maintenance on BOT project allowable – ITAT

Depreciation and provision for maintenance on BOT project allowable. ITAT distinguished decision of Bombay High Court & held in assessee's…

5 years ago
  • Income Tax

Giving scrip wise details of long term capital gains in Schedule 112A of ITR is optional – CBDT

Giving Scrip wise details of long term capital gains in Schedule 112A of ITR is optional - CBDT clarification As…

5 years ago
  • Income Tax

Reopening due to change in method of accounting for NPA-SC dismisses SLP of ITD

Reopening due to change in method of accounting for NPA quashed as it was notified in audited accounts. SC dismissed…

5 years ago