ITAT Delhi held that as per provisions of section 44 of the Income Tax Act there is no requirement of head wise bifurcation while computing income u/s 44 in case of insurance company. Thus, provisions of section 14A are not relevant to make a disallowance.
ITAT Mumbai held that employee’s contribution paid on day next to the due date and due date being a national holiday. Matter remanded back to AO for examining the payments made and allowing the deduction u/s 36(1)(va).
In a case between Prakash Lal Khandelwal and CIT, Jharkhand High Court determined that a one-day delay in uploading an order or generating a DIN does not render an assessment order unsustainable.
Explore the need for a Digital Competition Act in the rapidly evolving digital market. Discover the challenges posed by big tech companies, the dominance of digital markets, and potential anti-competitive practices.
A discussion on ITAT Ahmedabad’s ruling condoning the late filing of an appeal due to the negligence of the tax practitioner, in the case of Sanjeev Harshadrai Sheth Vs ITO.
Delhi HC In Shri Chhatter Pal & Ors. issued guidelines for mediators while drafting Settlement Agreements in cases of matrimonial disputes.
ITAT Amritsar held that a reasonable opportunity should be given to the assessee before making addition u/s 40A(7) of the Income Tax Act before processing rectification application u/s 154.
Discover the significance of having a will in estate planning and asset distribution. Learn how a will can protect your family’s wealth, prevent conflicts, and simplify the process after your demise. Understand the essential elements of preparing a will and ensure your intentions are carried out.
In the case of DRB Infrastructure Pvt Ltd Vs State of West Bengal, the Hon’ble Kolkata High Court at Jalpaiguri has allowed release of machinery upon furnishing a bank guarantee. The petitioner, a contractor, challenged seizure’s legality, arguing against imposition of a penalty due to absence of an invoice.
CESTAT Delhi held that no service tax is payable as the assessee did not receive any consideration for providing a corporate guarantee.
