Reviewing Panchiram Nahata Vs ITO case, where ITAT ruled that notional interest income could not be estimated for making disallowances out of interest expenditure
Analysis of the recent ITAT ruling on Pawan Satyanarain Jalan Vs Assessing Officer Central where the penalty under Section 271AAB of the Income Tax Act was deleted.
Check out notification (No. 55/2023) under Section 10(46) of Income Tax Act 1961 by Ministry of Finance, impacting Joint Electricity Regulatory Commission (Goa and UTs).
Find out the latest Income Tax amendment in 2023, introducing new rules for preliminary expenses under section 35D. The Ministry of Finance has issued the Income Tax (Fourteenth Amendment) Rules, 2023, affecting businesses and individuals. Learn more about the changes and how they impact your tax filings.
Detailed report on NFRA’s penalty against CA Shekhar Sharad for professional misconduct during the audit of Burnpur Cement Limited in FY 2017-18.
Delhi High Court sets aside an assessment order as Income Tax Authorities sent a show-cause notice to an incorrect email. Read the full story.
An in-depth analysis of the CESTAT Ahmedabad ruling on whether excess freight charges should be included in transaction value for calculating excise duty.
ITAT Mumbai rules in favor of a production supervisor, declaring no illegality in adopting presumptive tax under section 44AD. Full analysis of the case.
ITAT Mumbai allows the appeal by Jerry John Mendonca against the order of the Ld. CIT(A) for AY 2011-12. The ITAT imposes a cost of Rs. 5,000 on the assessee for non-compliance, to be paid to the PM Relief Fund.
Read latest notification (No. 04/2023) from Ministry of Finance, Department of Revenue, allocating jurisdiction among Competent Authorities under Benami Property Transactions Act.
