Where goods intercepted in transit not accompanied by e-way bill but also description of goods declared was different and taxable at higher rate, there was an intention to evade tax. In a recent judgment the Hon’ble Allahabad High Court has held that where the goods intercepted in transit …

Excel Auto Form 15G for AY 2025-26 and 2026-27 with database as revised and simplified  Form 15G is a declaration under sub section (1) and (1A) of section 197A of the Income Tax Act, 1961 which can be given by an individual or a person (other than company …

Download Excel Auto Income Tax Form 15H for Senior Citizens and 15G with Database for AY 2025-26 & 2026-27. Revised as per Notification 76/2015 Form 15H is a declaration under sub section (1C) of section 197A of the Income Tax Act, 1961 which can be given by a …

DIN is not required in Satisfaction note which is a procedural aspect for issuing notice u/s 148 of the Act which already contains the DIN number and date.  In a recent judgment the Hon’ble Supreme Court has dismissed the Special Leave Petition (SLP) against the decision of the …

Non-executive & independent directors not liable u/s 138 read with Section 141 the Negotiable Instruments Act, 1881 Act – Supreme Court In a recent judgment the Hon’ble Supreme Court reiterated that non-executive and independent director(s) cannot be held liable under Section 138 read with Section 141 of the …

CPC Intimation u/s 143(1)(a) making adjustment without indicating reasons for the rejection of the response of the assessee – ITAT remands case for verification In a recent judgment, ITAT Delhi set aside the order of CIT(A) where CPC Intimation u/s 143(1)(a) made adjustment without indicating whether any response …