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Appeal on substantial question of law should not be dismissed on technical ground

June 27, 2022 924 Views 0 comment Print

Explore the Calcutta High Court ruling on PCIT vs Organon, examining the delay condonation application. Legal insights, precedents, and implications for income tax appeals.

Citizenship cannot be decided based on Definition of ‘Resident’ under Income Tax Act

June 24, 2022 738 Views 0 comment Print

Explore the residency dispute in Smt. Kamla vs Hindustan Petroleum Corp. Detailed analysis of the court view on residency criteria under Foreign Exchange Management Act and Income Tax Act.

Cash deposited before issue of D.D. – Section 68 addition upheld

June 24, 2022 918 Views 0 comment Print

Explore the U Toll Corporation Ltd vs ACIT case (ITAT Varanasi) on unsecured loans. Analysis of loan discrepancies, cash deposits, and the ITAT decision.

ITAT condones delay in filing of appeal by illiterate agriculturists

June 24, 2022 1614 Views 0 comment Print

Explore the ITAT Chandigarh ruling in Kapoor Singh Vs ITO case, analyzing delay condonation, agricultural assessees issues, and the merit of tax assessments.

Interest already taxed cannot be taxed again for TDS deduction

June 24, 2022 1281 Views 0 comment Print

Explore the ITAT Ahmedabad decision in Ramanlal Jawanmal Shah HUF vs. ACIT-CPC. Learn why accrued interest income, taxed earlier, can not be taxed again to prevent double taxation.

Penalty cannot be levied merely for addition during Quantum Proceedings

June 24, 2022 1947 Views 0 comment Print

Explore the case of Ranjit D. Rathod vs ITO (ITAT Rajkot) where penalty proceedings were contested due to assessment discrepancies. Detailed analysis and conclusions provided.

Section 68 addition not allowed if Source of Fund Not Doubted by AO

June 24, 2022 1176 Views 0 comment Print

Explore ITAT Mumbai decision in ITO vs. Gama Entertainment Systems Pvt. Ltd. Understanding Section 68 implications on share premium. Full analysis and conclusion.

Subsidy for encouraging dispersal of industries to less developed areas cannot be treated as revenue receipt

June 24, 2022 696 Views 0 comment Print

Discover the ITAT Pune decision in DCIT Vs Haldex India Pvt. Ltd. case. Analysis of subsidy taxability under Package Scheme of Incentives, 2007. Learn more.

Section 148 assessment reopening notice against dead person is invalid

June 24, 2022 1086 Views 0 comment Print

Explore the ITAT Delhi ruling in Neelam Dhingra vs. DCIT. Invalid reassessment notice against a deceased person. Legal fallacies leading to quashing of the order.

List of Professions that cannot opt for presumptive taxation scheme u/s 44ADA

June 22, 2022 54702 Views 7 comments Print

Discover which professions are not eligible for the presumptive taxation scheme under section 44ADA of the Income Tax Act.

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