Judgement

High Court quashes rectification holding DTVSV settlement final and bars further proceedings under Section 154.

Income Tax Section 154 Cannot Override DTVSV Final Settlement, Holds HC

The Bombay High Court condones the delay in filing the revised ITR, recognizing breast cancer treatment as a genuine hardship and directing the reopening of the portal.

HC Condones Delay in Filing Revised ITR Citing Genuine Hardship Arising from Breast Cancer Treatment

News

KEC International’s subsidiary has received a Rs 46.19 crore tax demand notice from the IT Department, which the company plans to legally challenge.

KEC International Subsidiary Receives Rs 46.19 Crore Income Tax Demand Notice

The HC holds that cooperative societies generally face difficulty in filing returns timely because of the belated approval of statutory audits and the absence of an adequate mechanism.

High Court Grants Section 80P Exemption despite Belated ITR Filing

The ITAT deletes addition holding cash deposits during demonetisation explained by books and agricultural income.

ITAT: No Section 69 Addition Where Cash Deposits Backed by Agricultural Income

ITAT Ahmedabad dismissed the assessee’s appeal, upholding the disallowance of Rs 14.83 lakh on excessive remuneration due to lack of justification and supporting evidence.

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Income Tax Section 154 Cannot Override DTVSV Final Settlement, Holds HC

HC Condones Delay in Filing Revised ITR Citing Genuine Hardship Arising from Breast Cancer Treatment

KEC International Subsidiary Receives Rs 46.19 Crore Income Tax Demand Notice

High Court Grants Section 80P Exemption despite Belated ITR Filing

ITAT: No Section 69 Addition Where Cash Deposits Backed by Agricultural Income

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him