Judgments

  • Income Tax

Non verification of source of investment made assessment order erroneous & prejudicial

Non verification of source of investment made in mutual funds rendered assessment order erroneous and prejudicial to the interest of…

1 year ago
  • Income Tax

CIT(A) has no jurisdiction to allow or reject claim of immunity from penalty u/s 270AA – ITAT

CIT(A) has no jurisdiction to allow or reject claim of immunity from penalty u/s 270AA - ITAT In an important…

1 year ago
  • Income Tax

Donations were not anonymous as receiver maintained name & address of doners

Donations can not be said anonymous u/s 115BBC as receiver of donation has to maintain identity of the donors to…

1 year ago
  • Income Tax

A rural lady who was never a tax-payer unlikely to have unexplained money

The fact that assessee was a rural lady and never been in a tax-payer category in itself is sufficient that…

1 year ago
  • Income Tax

Arm’s Length Price allowable variation limits u/s 92C notified for AY 2023-24

Arm’s Length Price allowable variation limits u/s 92C notified for AY 2023-24 MINISTRY OF FINANCE(Department of Revenue) Notification No. 46/2023…

1 year ago
  • Income Tax

Late Fee u/s 234E deleted as assessee was senior citizen & had deposited TDS immediately

Late Fee u/s 234E deleted as the assessee was a senior citizen and had deposited TDS amount immediately and delay…

1 year ago
  • Income Tax

Mere payment of salary into NRE account does not make income is taxable in India – ITAT

Simply because the overseas employer paid salary into NRE account of the assessee in India, would by itself, not imply…

1 year ago
  • Income Tax

Intimation issued u/s 143(1) after issue of notice u/s 143(2) is legally invalid

Intimation issued u/s 143(1) after issue of notice u/s 143(2) legally invalid. Intimation u/s 143(1)(a) can not be issued after…

1 year ago
  • Income Tax

Compensation to owner of flats for delay is part of work-in-progress – ITAT

Compensation to owner of flats for delay in handing over possession to be treated as a part of work-in-progress -…

1 year ago
  • Income Tax

Mentioning correct contact & email id in e-filing portal is mandatory duty – ITD

ITD says mentioning correct contact & email id details in efiling portal is assessee’s mandatory duty. Ignorance of law and…

1 year ago