Status of Official Assignees is of artificial juridical person u/s 2(31)(vii) and is required to file ITR applicable as such for each of estate of insolvent  Circular   No. 04 / 2019 Government of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes North Block, New Delhi, the …

Applicability of section 44AD for Railway Ticket Commission Agent upheld when in addition to booking he has to arrange conveyance to passengers and luggage ABCAUS Case Law Citation: ABCAUS 2754 (2019) (01) ITAT The assessee had challenged the order of the Commissioner of Income Tax (Appeals) on the …

Addition u/s 69 confirmed when assessee failed to establish link between cash withdrawn and cash found at the time of search In a recent judgment, ITAT Hyderabad has confirmed Addition u/s 69 when assessee failed to establish link between cash withdrawn and cash found at the time of …

Without treating assessee as “assessee in default” u/s 201(1), no disallowance can be made u/s 40(a)(ia) for non deduction of tax at source ABCAUS Case Law Citation:ABCAUS 2752 (2019) (01) ITAT Important Case Laws Cited/relied upon by the partiesCIT vs. Ansal Land Mark Township P Ltd reported in …

Software expenses on Global Dealers Management System of Hyundai motor held to be revenue in nature as it was a recurring expense for better efficiency of running business ABCAUS Case Law Citation: ABCAUS 2751 (2019) (01) ITAT The solitary issue in the instant case was whether software expenses …

Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was a reasonable cause u/s 273B ABCAUS Case Law Citation: ABCAUS 2750 (2019) (01) ITAT The instant appeal by the assessee was against the order passed by the Commissioner …