Income Tax

  • Income Tax

ITAT directed AO to give telescopic benefit for chit contributions – ITAT

ITAT directed AO to give telescopic benefit for chit contributions as there was no finding that income estimated from business…

5 years ago
  • Income Tax

On rejection of approval u/s 10(23C) there is no bar in making fresh application – ITAT

On rejection of approval u/s 10(23C) no bar in making fresh application, treating application of the assessee as non-est was…

5 years ago
  • Income Tax

Exemption u/s 10(14) allowed to development officers of LIC for various allowance

Exemption u/s 10(14) allowed to development officers of LIC for conveyance allowance and allowance for procuring new business ABCAUS Case…

5 years ago
  • Income Tax

Procedure for online filing of TDS/TCS returns – CBDT Notification

Procedure for online filing of TDS/TCS returns - CBDT Notification. Option of online filing through e-filing portal or submission at…

5 years ago
  • Income Tax

Penalty u/s 271D deleted as cash loan was repaid by cheque

Penalty u/s 271D deleted as cash loan was repaid by cheque. Reasons accepted in quantum proceedings should have been accepted…

5 years ago
  • Income Tax
  • ITAT

Surplus income from holding exhibition held eligible for exemption u/s 11

Surplus income from holding exhibition by chamber of commerce held eligible for exemption u/s 11 ABCAUS Case Law Citation: ABCAUS…

5 years ago
  • Income Tax

Extension of ITR filing due date for salaried employees for AY 2019-20 is inevitable

Extension of ITR filing due date for salaried employees for AY 2019-20 is inevitable  As predicted, CBDT has extended due…

5 years ago
  • Income Tax

Registration u/s 80G(5)(vi)-Applicant not required to justify need for taking donations – ITAT

Registration u/s 80G(5)(vi)-Applicant need not justify taking donations. Receiving fees in cash do not impair charitable character. Approval cannot be…

5 years ago
  • Income Tax

No further disallowance can be made when income is computed u/s 44AD – ITAT

No further disallowance when income is computed u/s 44AD. ITAT directs AO to make assessment u/s 44AD as desired by…

5 years ago
  • Income Tax

ITAT reduced addition for cash deposits by estimating income, assessee might have saved

ITAT reduced addition u/s 69A for cash deposits in bank by estimating the income assessee might have saved from the…

5 years ago