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Re-assessment proceedings merely based on information received from Investigation Wing invalid

CA Ayushi Goyal May 21 2022 @ 5:54 PM

Re-assessment proceedings merely based on information received from Investigation Wing invalid The assessee filed return of income on 28.09....

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No addition if no incriminating material found during search: Section 153A

CA Ayushi Goyal May 20 2022 @ 9:56 PM

No addition if no incriminating material found during search: Section 153A The assessee Company is engaging with business of Civil Construct...

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No penalty u/s 271(1)(c) when quantum addition was set aside

CA Ayushi Goyal May 20 2022 @ 5:18 PM

No penalty u/s 271(1)(c) when quantum addition was set aside The issue in this appeal of the assessee is regard to the order of CIT(A) confi...

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Powers u/s 263 cannot be invoked Merely on the basis of suspicion: ITAT

Studycafe Admin May 20 2022 @ 4:07 PM

Powers u/s 263 cannot be invoked merely on the basis of suspicion: ITAT The Income Tax Appellate Tribunal has held that merely on the basis ...

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Penalty imposed cannot survive when the assessment order has been quashed

Studycafe Admin May 20 2022 @ 4:00 PM

Penalty imposed cannot survive when the assessment order has been quashed Facts giving rise to the present appeal are that in this case asse...

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Directors Remuneration cannot be held excessive for disallowance u/s 40A(2)(b) in absence of proof

Studycafe Admin May 20 2022 @ 12:43 PM

Directors Remuneration cannot be held excessive for disallowance u/s 40A(2)(b) in absence of proof The issue in this appeal of the assessee ...

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No Penalty u/s 271(1)(c) is leviable when assessee has suo moto declared income during the survey

CA Ayushi Goyal May 19 2022 @ 6:04 PM

No Penalty u/s 271(1)(c) is leviable when assessee has suo moto declared income during the survey A survey action u/s.133A of the Act was ta...

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Foreign Tax Credit cannot be denied for mere delay in filing of Form no 67

CA Ayushi Goyal May 19 2022 @ 5:53 PM

Foreign Tax Credit cannot be denied for mere delay in filing of Form no 67 The brief facts of the case is that the Assessee is an individual...

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Software maintenance fees, consulting and training fees cannot be held as Fees for Technical Services: ITAT

Studycafe Admin May 19 2022 @ 1:39 PM

Software maintenance fees, consulting and training fees cannot be held as Fees for Technical Services: ITAT The appellant is a non-resident ...

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No suit or proceedings can be continued against corporate debtor till conclusion of IBC proceedings: ITAT

Studycafe Admin May 19 2022 @ 1:04 PM

No suit or proceedings can be continued against corporate debtor till conclusion of IBC proceedings: ITAT As per Income Tax Appellant Tribun...

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