50 percent expenditure allowed from Consultancy services without proof of expenses in view of the provisions of section 44ADA ABACUS Case Law CitationABCAUS 3350 (2020) (07) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the order of the AO …

Penalty u/s 272A(1)(d) deleted as counsel misled by filing inaccurate return and not informed of assessment and penalty notices  ABCAUS Case Law Citation:ABCAUS 3750 (2023) (05) ITAT Important Case Laws relied upon:Triumph International Finance India Ltd vs DCIT  In the instant case, the assessee had challenged the order …

Gain on sale of fixed assets was not taxable under income tax act as sale consideration was reduced from block of assets ABCAUS Case Law Citation:ABCAUS 3749 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition …

CBDT has notified new Income Tax Rule 133 for furnishing details of TDS u/s 194BA in quarterly TDS Statements . Salary Certificate Form 16 revised form AY 2024-25  The CBDT has notified the Income-tax (Fifth Amendment) Rules, 2023 prescribing furnishing details of TDS u/s 194BA in the quarterly …

    CBDT issues FAQs / Guidelines clarifying provisions of TDS u/s194BA on winnings from online games – Read Circular   The Finance Act 2023 inserted a new section 194BA in the Income-tax Act, 1961 (the Act) with effect from 1st April 2023.   The new section mandates …

Exemption u/s 54B denied for investment in agricultural land made in the name of wife. ITAT followed decision of jurisdictional High Court ABCAUS Case Law Citation:ABCAUS 3748 (2023) (05) ITAT Important Case Laws relied uponCIT vs Dinesh Verma 60 taxmann.com 461 (P&H)Commissioner of Income Tax Vs Vegetable Products …