Discover the updated Income Tax assessment procedures for searches starting from September 2024, including tax rates, penalties, and timelines.
Explore Section 153A of Income Tax Act, its implications, and judicial interpretations. Learn about search proceedings, panchnama, and assessment challenges.
The case of Beantkaur Avtarsingh Juneja versus ITO, Nagpur, has sparked significant debate regarding recoverability of income tax penalties from legal representatives of deceased individuals accused of tax offenses.
Explore Gujarat High Court’s judgment on PCIT Vs Swatiben Biharilal Parekh case, examining VSV Scheme and Section 263 of Income Tax Act.
Kerala High Court’s judgment on the maintainability of a writ petition against IT Act Section 263 during the pendency of an appeal before CIT(Appeals).
Understanding the consequences of defaulting on TDS payments under Section 276C. Learn about the legal implications and potential punishments.
Understand the scope of section 143(1)(a) for delayed deposit of PF/ESIC contributions under ITAT Mumbai-P.R. Packaging Service v ACIT (Mum.)(Trib.) (ITA No. 2376/Mum/2022),
Karnataka High Court in the case of Fatheraj Singhvi vs. Union of India , WRIT APPEAL NOS.2663-2674/2015(T-IT)- dated 26/08/2016 held that that late filing fee levied u/s 234E of the Act while processing the TDS statements was ultra vires to section 200A of the Act
Article contains recent 29 Judgment on the issue of Disallowance towards employees’ contribution towards ESI and PF for failure to pay the same within the prescribed due date under the relevant Statute. Sl no Case Reference Issue Decision – Summarised 1 Jagmohan Singh Vs DCIT (ITAT Chandigarh), Appeal Number : ITA Nos. 185 & 193/Chd/2021, […]
Jagdish Arora Vs ITO (ITAT Agra) Long Term Capital Gain on compulsory acquisition – Taxability Event – and applicability of RFCTLARR Act 2013 – Whether the compensation received on account of Compulsory Acquisition by Government is exempt under provision of Section 96 of RFCTLRR Act 2013 – if the land acquired prior to applicability of […]