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Archive: 22 February 2025

Posts in 22 February 2025

CPC Erred in denying Loss Carry-Forward to Company Eligible for Extended Due Date U/s. 92E: ITAT Ahmedabad

February 22, 2025 1122 Views 0 comment Print

CPC Erred in Denying Loss Carry-Forward by taking wrong due date for company entitled to extended due date under Section 92E of Income Tax Act due to international transactions: ITAT Ahmedabad

Faceless Tax Assessment: JAO vs. FAO Jurisdiction – Clash of Authorities or Administrative Reform?

February 22, 2025 15777 Views 0 comment Print

The faceless tax assessment scheme in India faces legal disputes over jurisdiction between JAO and FAO. Learn about key court rulings and ongoing debates.

Section 87A Controversy Continues Even After Budget 2025

February 22, 2025 27003 Views 0 comment Print

Budget 2025 raised the Section 87A rebate limit to ₹12 lakh but restricted its use on special rate income. Learn about key changes and their impact.

Patna HC Denies Bail to NEET UG 2024 Paper Leak Accused for Compromising Exam Integrity

February 22, 2025 1002 Views 0 comment Print

Patna HC denied bail to an alleged solver gang leader in the NEET UG 2024 paper leak case, citing a deep-rooted conspiracy that compromised exam integrity.

ITAT Delhi Allows 80IC Deduction for Form 10CCB Filed Before Section 143(1) Assessment Completion

February 22, 2025 1416 Views 0 comment Print

ITAT Delhi allows 80IC deduction as Form 10CCB was filed before completion of 143(1) proceedings, ruling procedural delay does not warrant denial.

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