Form 15H declaration can be accepted if after section 87A rebate tax liability is nil. CBDT amends rules for payment of income without deduction of tax to Senior Citizens MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 41/2019 New Delhi, the 22nd May, …
Delay condoned as assessee filed a single appeal against two penalty orders and later realized that a single appeal against two penalty orders passed under different sections not permissible ABCAUS Case Law Citation: ABCAUS 2954 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Manoj Ahuja …
Depreciation on goodwill and non compete fee allowed by the Tribunal in view of the binding judgment of Hon’ble Supreme Court and jurisdictional High Court ABCAUS Case Law Citation: ABCAUS 2953 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. Smifs Securities Ltd., …
Reopening u/s 148 for mere non disclosure of bank account in ITR without forming belief that income has escaped assessment, bad in law ABCAUS Case Law Citation: ABCAUS 2952 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties G.K. N. Driveshafts (India) Ltd. vs. ITO (2003) …
Penalty 271A cannot be sustained when assessee was not covered under Rule 6F assessee furnished adequate information to enable AO to compute income ABCAUS Case Law Citation:ABCAUS 2951 (2019) (05) ITAT Important Case Laws Cited/relied upon by the partiesMehta Parvesh vs. ITO 60 TTJ (Del) 278ACIT Vs. M/s …
Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate ABCAUS Case Law Citation: ABCAUS 2950 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Shri Lovish Singhal, Sriganganagar & Ors. Vs. ITO CIT v/s Bajargan …
