Detailed analysis of Delhi High Court’s decision in Home Credit India B.V. Vs ACIT, focusing on the quashing of a reassessment notice due to lack of clarity in its recipient.
An examination of the ITAT Delhi’s decision in the SVP Industries Ltd. Vs DCIT case, ruling that the COVID-19 pandemic period should not be included in the limitation period for appeal filing.
Explore the recent judgment from the Calcutta High Court in the case of Datta Iron & Steel Pvt Ltd Vs DCIT, as the court mandates filing of an affidavit in opposition over the show cause notice issued by GST authorities.
Read the clarification issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India, regarding the import of gold by SEZ units. The policy circular clarifies that import under specific HS codes is exempted from the recent import restrictions.
Get the clarification on the news item regarding the formation of an expert committee by Securities and Exchange Board of India (SEBI) for suggested changes to the Securities Contract Regulation Act (SCRA). SEBI confirms no committee formation or ongoing discussions for enhanced prosecution powers.
The ITAT Chandigarh has allowed the appeal of Sard Dogri Co-operative against the disallowance of deduction claimed under section 80P of the Income Tax Act. The disallowance was made by the CPC Bangalore while processing the return of income under section 143(1) on the ground that the return was not filed within the due date.
An in-depth analysis of the ITAT Kolkata case where an auditor’s error resulted in incorrect disallowance sum under Section 43B of the Income Tax Act. The ITAT has directed a re-adjudication of the case.
An in-depth analysis of case between Blue Reservoir Business Services LLP and DCIT where ITAT Bangalore directed re-adjudication because assessee was not well-versed with ITBA
The Delhi High Court has quashed an income tax notice in the case of Jagannath Haldar Through vs. PCIT. The court found that the Assessing Officer (AO) had not taken into account the petitioner’s reply while passing the order under Section 148A(d) of the Income Tax Act.
ITAT Delhi dismissed appeal of S K G Traders P Ltd against disallowance of employees’ contribution to Provident Fund/ESIC under section 36(i)(va) read with section 43B of Income Tax Act. The ITAT upheld disallowance, citing judgment in Checkmate Services case.
