Date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of 30 days period – ITAT In a recent judgment, ITAT Chandigarh has allowed the benefit of New Tax Regime to the assesee as the date of dispatch of Speed …

Cash deposited in bank before giving unsecured loan. The addition if at all can be made u/s 69A in the hands of loan creditor and not u/s 68 in the hands of receiver. In a recent judgment, ITAT Raipur has held where loan creditor deposited cash just before …

Limitation for filing Rectification Application to ITAT u/s 245(2) starts from the date when the order of which rectification is sought, is served upon the Petitioner – Bombay High Court In a recent judgment, Hon’ble Bombay High Court has held that limitation for filing the Rectification Application before …

Only days on which actual services rendered by company to be considered in computing threshold for constitution of permanent establishment (PE) In a recent judgment, Delhi High Court has upheld exclusion of business development days and common days and only the days on which actual services were rendered …

Depreciation on goodwill in the hands of amalgamated company upheld as Assessing Officer had taken a plausible view in line with supreme court judgment. In a recent judgment, Hon’ble Supreme Court has dismissed the appeal of the Revenue against the judgment of Gujarat High Court upholding depreciation on …

The ICAI has announced that provisions of the Income-tax Act, 2025 shall be applicable to CA exams conducted from 1st May 2027 Onward As per the announcement, ICAI has stated that the Income-tax Act, 2025 has received the assent of the Hon’ble President of India on 21st August …