Income Tax

  • 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…

3 months ago
  • Income Tax

Exemption u/s 11 allowed as audit report uploaded but not approved due to technical glitch

ITAT allows exemption u/s 11 when audit report in Form 10B was uploaded but could not be approved due to…

3 months ago
  • Income Tax

Escapement of income u/s 147 has to be established with concrete information – HC

Escapement of income u/s 147 has to be established with concrete information under amended Act- High Court In a recent…

3 months ago
  • Income Tax

Explaining source of cash payment no ground for not invoking disallowance u/s 40A(3)

Explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) - ITAT In a recent…

3 months ago
  • Income Tax

Prosecution u/s 276C/278B upheld for not declaring income surrendered in return

Prosecution u/s 276C and 278B upheld for not declaring income surrendered during search in return filed in response to notice…

3 months ago
  • Income Tax

Income tax e-filing portal enabled mechanism for remitting old tax demands. Check status

Income tax e-filing portal enabled mechanism for remitting old tax demands. Check status The Finance Minister while presenting Union Interim…

3 months ago
  • Income Tax

Penalty 271B deleted as notices uploaded on portal only & assessee was a divorcee lady

Penalty u/s 271B deleted as notices were uploaded on portal only, assessee being a divorcee lady could not access income…

3 months ago
  • Income Tax

Income surrendered related to hospital building construction was not unexplained – ITAT

Income surrendered in relation to hospital building construction by doctor was not unexplained investment u/s 69 liable to higher tax…

3 months ago
  • Income Tax

Minimum room occupancy guarantee payments by OYO not liable to TDS u/s 194C

Minimum hotel room occupancy guarantee payments by OYO not liable to TDS u/s 194C - ITAT  In a recent judgment…

3 months ago
  • Income Tax

It is quite reasonable for a married daughter to keep her jewellery with her mother – ITAT

It is quite reasonable and logical for a married daughter to keep her jewellery with her mother. ITAT deleted addition…

3 months ago