News

You cannot carry forward any Loss except Loss under the head House Property if you don't File your return on Time.

What if you don’t file your ITR before the due date: Issues other than Late Fees

Notifications

The Central Board of Direct Taxes(CBDT) has notified Income Tax (Twelfth Amendment) Rules 2023 via issuing Notification.

CBDT notified Income Tax (Twelvth Amendment) Rules 2023

Judgement

The ITAT Ahmedabad has ruled out Disallowance of expenditure merely because they do commensurate against income earned bad in law.

Disallowance of expenditure merely because they do commensurate against income earned bad in law: ITAT

The ITAT Delhi has ruled out that Consideration of architectural design services can not be classified as royalty under India Singapore DTAA.

Consideration of architectural design services not to be classified as royalty under India Singapore DTAA: ITAT

The ITAT Bangalore has ruled out that Interest paid by the assessee towards excess claim of refund of duty drawback is not penal in nature.

Interest paid by the assessee towards excess claim of refund of duty drawback is not penal in nature: ITAT

The Gujarat High Court has ruled out that No Penalty levied when excess depreciation claimed having been surrendered by the assessee itself without any prior detection of the Revenue.

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What if you don’t file your ITR before the due date: Issues other than Late Fees

CBDT notified Income Tax (Twelvth Amendment) Rules 2023

Disallowance of expenditure merely because they do commensurate against income earned bad in law: ITAT

Consideration of architectural design services not to be classified as royalty under India Singapore DTAA: ITAT

Interest paid by the assessee towards excess claim of refund of duty drawback is not penal in nature: ITAT

No Penalty when excess depreciation surrendered without any prior detection of the Revenue: HC