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Archive: 07 May 2024

Posts in 07 May 2024

Cash deposits during demonetization: ITAT deletes addition of duly explained deposit

May 7, 2024 5991 Views 0 comment Print

Understand the verdict of Vishakhapatnam ITAT on unexplained cash deposits. Detailed analysis on taxpayer’s explanation, legal provisions, and conclusions.

Relaxation of Additional Fees: LLP BEN-2 & LLP Form 4D Deadline Extended

May 7, 2024 9837 Views 0 comment Print

Government of India, Ministry of Corporate Affairs extends filing deadline for LLP BEN-2 & LLP Form No. 4D without additional fees till 01.07.2024.

Initiating Penalty Without Recording Satisfaction Vitiates section 271D Proceedings

May 7, 2024 2025 Views 0 comment Print

Section 271D penalty proceeding cannot be initiated if AO fail to record his satisfaction before initiating penalty penalty proceeding in respect of violation of provisions of section 269SS of Income Tax Act,  1961.

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