Income Tax Files

Income Tax

Govt. appoints IRS Officer Nitin Gupta as Chairman of CBDT

June 27 2022 @ 1:54 PM

By: Team Studycafe

Addition made on other grounds than on which re-assessment proceedings were initiated are to be quashed: ITAT

June 27 2022 @ 4:21 AM

By: Meetu Kumari

Penalty deleted on following the order of coordinate bench in the assessee’s own previous case

June 27 2022 @ 2:03 AM

By: Meetu Kumari

Interest income to be taxed under Article 7 should be directly or indirectly attributable to the permanent establishment

June 27 2022 @ 1:45 AM

By: Meetu Kumari

No reassessment shall be made until there has been service of notice u/s. 148

June 26 2022 @ 10:38 AM

By: Meetu Kumari

No delay when the assessee had deposited his share of the provident fund within extended date: ITAT

June 25 2022 @ 7:48 PM

By: Meetu Kumari

S. 40(a)(ia) does not apply when depreciation is claimed which is not in the nature of expenditure but an allowance: ITAT

June 25 2022 @ 7:07 PM

By: Meetu Kumari

CBDT Notifies Guidelines for TDS on Virtual Digital Asset under sub-section (6) of section 194S of IT Act 1961

June 25 2022 @ 1:48 PM

By: Team Studycafe

CBDT Releases Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax

June 25 2022 @ 1:23 PM

By: Team Studycafe

CIT(A) has the power to condone the delay in filing belated applications if reasonable cause is shown

June 25 2022 @ 5:30 AM

By: Meetu Kumari

Addition made to be deleted if no lease rental received for relevant assessment year: ITAT

June 25 2022 @ 3:52 AM

By: Meetu Kumari

Difference in profit reported in ITR & Tax Audit taxable if Assessee is unable to explain his claim: ITAT

June 24 2022 @ 1:26 PM

By: CA Pratibha Goyal

For expenditure to be counted as Business loss it’s sufficient to show a shortfall in receipt of amount against the invoices

June 24 2022 @ 1:02 AM

By: Meetu Kumari

Approval by higher authority to reopen assessment is a safeguard to prevent arbitrary exercise of power: ITAT

June 23 2022 @ 4:54 PM

By: Meetu Kumari

Condonation of delay-when proved shadow of a doubt that the assessee was diligent and was not guilty of negligence: ITAT

June 23 2022 @ 4:35 PM

By: Meetu Kumari

Income Tax Exemption cannot be denied due to Delay in Filing Audit Report due to Virus Attack: ITAT

June 23 2022 @ 1:38 PM

By: CA Pratibha Goyal

High Court refuses to provide Statutory remedy in Absence of GST Tribunal

June 23 2022 @ 12:49 PM

By: CA Pratibha Goyal

CBDT Notifies TDS Return Form (Form 26QE) and TDS Certificate (Form 16E) for Crypto Transactions

June 22 2022 @ 8:44 PM

By: CA Pratibha Goyal

TDS on Crypto Transactions: CBDT issues clarifications on Newly introduced Section 194S

June 22 2022 @ 7:22 PM

By: CA Pratibha Goyal

A mere mismatch of cash in cash book and Audited BS cannot be treated as undisclosed income: ITAT

June 22 2022 @ 6:51 PM

By: CA Pratibha Goyal

Income Tax

Income Tax

Govt. appoints IRS Officer Nitin Gupta as Chairman of CBDT

Addition made on other grounds than on which re-assessment proceedings were initiated are to be quashed: ITAT

Penalty deleted on following the order of coordinate bench in the assessee’s own previous case

Interest income to be taxed under Article 7 should be directly or indirectly attributable to the permanent establishment

No reassessment shall be made until there has been service of notice u/s. 148

No delay when the assessee had deposited his share of the provident fund within extended date: ITAT

S. 40(a)(ia) does not apply when depreciation is claimed which is not in the nature of expenditure but an allowance: ITAT

CBDT Notifies Guidelines for TDS on Virtual Digital Asset under sub-section (6) of section 194S of IT Act 1961

CBDT Releases Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax

CIT(A) has the power to condone the delay in filing belated applications if reasonable cause is shown

Addition made to be deleted if no lease rental received for relevant assessment year: ITAT

Difference in profit reported in ITR & Tax Audit taxable if Assessee is unable to explain his claim: ITAT

For expenditure to be counted as Business loss it’s sufficient to show a shortfall in receipt of amount against the invoices

Approval by higher authority to reopen assessment is a safeguard to prevent arbitrary exercise of power: ITAT

Condonation of delay-when proved shadow of a doubt that the assessee was diligent and was not guilty of negligence: ITAT

Income Tax Exemption cannot be denied due to Delay in Filing Audit Report due to Virus Attack: ITAT

High Court refuses to provide Statutory remedy in Absence of GST Tribunal

CBDT Notifies TDS Return Form (Form 26QE) and TDS Certificate (Form 16E) for Crypto Transactions

TDS on Crypto Transactions: CBDT issues clarifications on Newly introduced Section 194S

A mere mismatch of cash in cash book and Audited BS cannot be treated as undisclosed income: ITAT

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