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Assessee could not be penalized by denying Income Tax exemption otherwise allowable due to a technical violation
Income Tax
CA Deepak GuptaMay 31, 2022

Assessee could not be penalized by denying Income Tax exemption otherwise allowable due to a technical violation

Narration of professional fee bill is not at all material in rejecting professional fee expense u/s 37(1) of Income Tax: ITAT
Income Tax
CA Deepak GuptaMay 31, 2022

Narration of professional fee bill is not at all material in rejecting professional fee expense u/s 37(1) of Income Tax: ITAT

Once TDS is deducted credit of the same is allowed irrespective of the year to which it relates
Income Tax
CA Ayushi GoyalMay 31, 2022

Once TDS is deducted credit of the same is allowed irrespective of the year to which it relates

CBDT authorises ‘ACIT/DCIT (IT), Circle-1(1)(1), Delhi’ as ‘Prescribed Authority’ for issuing Section 143(2) notice
Income Tax
ReetuMay 31, 2022

CBDT authorises ‘ACIT/DCIT (IT), Circle-1(1)(1), Delhi’ as ‘Prescribed Authority’ for issuing Section 143(2) notice

Deduction u/s 10B allowed before setting off of brought forward business loss and unabsorbed depreciation
Income Tax
CA Ayushi GoyalMay 30, 2022

Deduction u/s 10B allowed before setting off of brought forward business loss and unabsorbed depreciation

Disallowance of Salary and EB Charges on ad hoc basis not maintainable
Income Tax
CA Ayushi GoyalMay 30, 2022

Disallowance of Salary and EB Charges on ad hoc basis not maintainable

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