No bar to upload Form 10IE, for opting New Tax Regime in subsequent Assessment Year, even after one Form 10IE for previous Assessment Year stands rejected due to its late submission i.e. beyond the due date – ITAT In a recent judgment, ITAT Jaipur has asked CBDT to …

Addition u/s 68 on account of cheque received from director of the company on the last day of the financial year which was reversed on 1st day of next financial year – SLP dismissed In a recent order Hon’ble Supreme Court has dismissed the SLP of the assessee …

CIT(A) can not dismiss appeal in limine by merely stating the assessment order passed by AO is upheld and that I donot want to interfere with the assessment order In a recent judgment, the ITAT Agra observed that CIT(A) was not justified in dismissing appeal in limine without …

RBI permits four more entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Prevention of Money-laundering Act 2002. MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 12th December, 2024 S.O. 5371(E).— In exercise of the powers conferred by sub-section (1) …

ITAT deleted penalty u/s 270A observing that law does not bar or prohibit a person from making a claim, when he knows the matter is going to be examined by the Assessing Officer In a recent judgment, the ITAT Hyderabad deleted the penalty u/s 270A observing inter alia …

Assessment Order can not be passed if the objections filed by the assessee are pending before the DRP – High Court In a recent judgment, the Hon’ble Delhi High Court has held that notwithstanding the lack of information with the AO, if an objection has been filed and …