In best judgment assessment case, it could not be alleged that AO did not make proper enquiries In a recent judgment, the ITAT Chennai has held that when assessment was framed on best judgment basis wherein the income is assessed to the best judgment of AO without considering …

CBDT increase monetary limits of tax effect for filing appeals by the Income Tax Department CBDT has further enhanced the monetary limits for filing appeals by the Income Tax Department before Income Tax Appellate Tribunal, High Courts and Special Leave Petition (SLP)/appeals before Supreme Court. Earlier CBDT vide …

AO can’t review own decision by rectification u/s 154 to disallow late deposit of PF  In a recent judgment, the ITAT Delhi has held that when Assessing Officer consciously allowed deduction of late deposit of PF, subsequently, by relying on the judgment of the Hon’ble Supreme Court he …

Excel Old vs New Tax Regime Calculator to compare Tax under old and new Personal Tax Regime u/s 115BAC for AY 2025-26. Old vs new tax regime calculator in excel. Release of excel tax calculator for New Tax Regime for AY 2025-26. This Excel Calculator utility has been …

Stamp duty held payable on agreement to sell executed prior to sale deed – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that stamp duty was payable on agreement to sell executed prior to sale deed as agreement to sell as it was principal document …

MCA extends deadline for filing Form CSR-2 for FY 2023-2024 to 31st December, 2024 Form CSR-2 to be filed separately for financial year 2023-2024, on or before 31st December, 2024 after filing Form No. AOC-4. The Companies (Accounts) Amendment Rules, 2024 Rule 12 of the Companies (Accounts) Rules, …