Income Tax

  • Income Tax

Exemption u/s 54B allowed though not claimed in return of income nor revised return filed

Claim for exemption u/s 54B allowed though not made in the return of income. AO had disallowed claim as revised…

5 years ago
  • Income Tax

No disallowance u/s 40(a)(ia) for short deduction of TDS made at less than prescribed rates

No disallowance u/s 40(a)(ia) for short deduction of TDS made at less than prescribed rates. ITAT deleted addition following various…

5 years ago
  • Income Tax

CBDT extends due date of 31st July 2019 for filing ITR to 31.08.2019-Download CBDT Order

CBDT extends due date of 31st July 2019 for filing ITR to 31.08.2019. The due date of 31st July is…

5 years ago
  • 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