Further extension likely as glitches in new e-filing portal expected to be fixed in next 2-3 weeks
As per ANI, Finance Minister Nirmala Sitharaman has stated that the glitches faced in the new income tax e-filing portal are expected to be fixed entirely in the next 2-3 weeks.
If so, the extension of due dates for filing various forms etc. which are expiring on 31st August 2021 are likely to be extended further
ITAT quashed order u/s 263 enhancing disallowance observing in appellate proceedings, CIT(A) has power of enhancements of income assessed, if…
Section under which penalty should be initiated cannot be subject matter of revisionary jurisdiction under section 263 of Income Tax…
Related party transaction u/s 40A(2) shall be treated as bona fide, unless AO finds that one of them is trying…
The word ‘transfer of property’ does not include ‘acquiring’ of property or ‘purchasing’ of property and only can be confined…
AO is not justified in questioning the cash withdrawals from bank account on the ground that the assessee had sufficient…
Return/Balance sheet to be considered as being within time if filed within timeline condoned by Hon'ble Supreme Court due to…