ITAT Delhi acknowledged the significance of jurisdictional facts and held that a quasi-judicial authority must decide the issue of jurisdiction when raised. The lack of a clear decision on jurisdiction prompted the ITAT to set aside the PCIT’s order and remand the matter for a fresh decision, including the preliminary issue of jurisdiction.
ITAT Mumbai quashes assessment order in Ghanshyam Sagarmal Modi vs. ACIT case. Non-appearance justified; CIT(A)’s ex-parte decision overturned.
CBDT notifies ITR-6 form for AY 2024-25. Companies who don’t have income from property held for charitable or religious purposes can use ITR-6 for filing their income tax returns starting April 1, 2024.
Explore the legal victory in M.K. Rajendran Pillai Vs ACIT as Madras High Court lifts property attachment following the annulment of assessment orders and tax liabilities.
Explore the legal intricacies as ITAT Mumbai delves into the dispute over undisclosed income, cash receipts, and the application of Section 69A in the case of Madhu Developers
Explore case of Mr. Mahabir Prasad Kedia vs Assistant Commissioner of State Tax. Calcutta HC directs SGST Authority to await CGST adjudication
Explore how Delhi HC stays the Income Tax Department’s order canceling Oxfam India’s tax exemption. Analysis of the judgment and its implications.
Madras High Court held that there is no limitation prescribed for compounding of the offences committed by an assessee u/s. 279(2). Thus, there cannot be any restriction/limitation for filing application for compounding of offence contrary to Section 279(2) of the IT Act, 1961.
ITAT Mumbai held that provisions of section 40A(2)(a) of the Income Tax Act are applicable in cases, wherein, the director of subsidiary company, to whom payment has been made, has substantial interest in the assessee.
Stay informed about the latest IRDAI notification on de-notifying arbitration clauses in insurance tariffs for Fire, Motor, Engineering, and more. Effective from 27th October 2023.
