Judgement

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.

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

The Income Tax Appellate Tribunal has notified E-Filing Portal Standard Operating Procedure.

E-Filing Portal Standard Operating Procedure by Income Tax Appellate Tribunal

ITAT Mumbai in the matter of Abbott India Ltd. Vs. ACIT has ruled out that Assessment order passed in name of non-existent entity quashed by ITAT.

Assessment order passed in name of non-existent entity quashed by ITAT

Articles

The Southern Central Railways has issued letter regarding Wrong claims towards deductions/ exemptions from Income Tax and excess claim of refunds.

Railway warns employees not to be lured by consultants offering fake Income Tax refunds

ITAT Mumbai has ruled out that Income accrued from Pharmacy store is incidental to the dominant object of running Hospital.

Income accrued from Pharmacy store is incidental to the dominant object of running Hospital

ITAT Ahmedabad has ruled out that ITAT Ahmedabad Denial deduction on account of debatable issue is not concealment of income or furnishing of inaccurate particulars so as to attract levy of Income Tax penalty.

Denial deduction on account of debatable issue is not concealment of income/or furnishing of inaccurate particulars so as to attract levy of Income Tax penalty

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

E-Filing Portal Standard Operating Procedure by Income Tax Appellate Tribunal

Assessment order passed in name of non-existent entity quashed by ITAT

Railway warns employees not to be lured by consultants offering fake Income Tax refunds

Income accrued from Pharmacy store is incidental to the dominant object of running Hospital

Denial deduction on account of debatable issue not attract levy of Income Tax penalty: ITAT