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Disallowance of Business Expenses by AO: A Glaring Instance of Unfair Logic

Income Tax : Explore the illogical disallowance of business expenses by assessing authorities, the burden on taxpayers, and the questionable lo...

April 18, 2024 129 Views 0 comment Print

Condonation of Delay in Filing of Income Tax Return (ITR) by CBDT [Section 119(2)(b)]

Income Tax : Explore Section 119(2)(b) of the Income Tax Act, allowing CBDT to condone delays in ITR filing due to genuine hardships. Learn pro...

April 16, 2024 1248 Views 0 comment Print

Social Security Laws- PF & ESIC

Corporate Law : Delve into the nuances of Provident Fund (PF) and Employee State Insurance Corporation (ESIC) schemes in India. Learn about eligib...

April 16, 2024 465 Views 0 comment Print

Decoding The Principal – Agent Relationship: An Analysis of Supreme Court’s Interpretation of Section 194-H of Income Tax Act, 1961

Income Tax : Explore the Supreme Court interpretation of Section 194-H of the Income Tax Act, 1961, analyzing the distinction between commissio...

April 15, 2024 1134 Views 0 comment Print

Differentiating TDS on Rent: Section 194IB vs. 195 of Income Tax Act, 1961

Income Tax : Understand TDS on rent with this guide. Learn about Section 194IB & 195 of the Income Tax Act, their differences, rates, and compl...

April 10, 2024 4491 Views 0 comment Print


Latest News


Representation on Incorrect/Delay In Submitting Application U/S 12A(1)(ac)

CA, CS, CMA : Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of t...

April 8, 2024 8706 Views 1 comment Print

Guide to Responding to Income Tax Notices: e-Verification Scheme 2021

Income Tax : Learn how to effectively respond to income tax notices and letters under the e-Verification Scheme 2021. Complete guide for taxpay...

February 27, 2024 3492 Views 0 comment Print

Live webinar – Solution to Serious Tax Problems – Hindi

Income Tax : Discover a solution to serious tax problems in India in Hindi. Join our live webinar to learn about the 12 types of taxes and how ...

February 22, 2024 2427 Views 0 comment Print

Exemption of Income Tax for Dairy Cooperative Society

Income Tax : Learn about the Income Tax Act exemptions for dairy cooperative societies and other relief measures introduced by the Ministry of ...

February 8, 2024 756 Views 0 comment Print

Faceless Tax Assessment: Impact, Benefits & Redressal Measures: Govt. Response

Income Tax : Explore the impact of faceless tax assessment, benefits, and government's steps to address taxpayer grievances. Get insights into ...

February 7, 2024 663 Views 0 comment Print


Latest Judiciary


Assessment void if section 143(2) jurisdictional notice was issued beyond prescribed time limit

Income Tax : Read about the case of Aark Infosoft Pvt. Ltd. vs. ACIT (ITAT Ahmedabad) where the assessment was deemed void due to a delayed Sec...

April 18, 2024 165 Views 0 comment Print

ITAT Upholds PCIT’s Decision on Erroneous Assessment Orders and Inadequate Inquiries in Tax Evasion Case

Income Tax : ITAT upholds PCIT's decision on erroneous assessment orders in tax evasion case. Changela's appeals dismissed as inadequate inquir...

April 18, 2024 162 Views 0 comment Print

Expenses Cannot Be Disallowed Without Assessee’s Claim in the Relevant Year

Income Tax : Analyzing the case of Sunil Dhirubhai Patel vs ITO, where expenses were disallowed despite not being claimed by the assessee, and ...

April 18, 2024 99 Views 0 comment Print

Calcutta High Court quashes Income Tax assessment order against deceased

Income Tax : Calcutta High Court quashes assessment order against deceased Satish Agarwal. Full text judgment included. Analysis and conclusion...

April 18, 2024 129 Views 0 comment Print

HC should not scrutinize an order of ITSC as an appellate court: Bombay HC

Income Tax : The Bombay High Court upholds the discretion of the Income Tax Settlement Commission, stressing that it should not be reviewed as ...

April 18, 2024 339 Views 0 comment Print


Latest Notifications


CBDT notifies designated authority for sharing information with Uttar Pradesh Govt

Income Tax : Explore the Central Board of Direct Taxes order under section 138(1)(a) of the Income-tax Act, 1961, regarding information sharing...

March 27, 2024 282 Views 0 comment Print

Notification No. 36/2024: Income Tax Exemption- National Mission for Clean Ganga

Income Tax : Explore Notification No. 36/2024 by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, concerning the ...

March 26, 2024 297 Views 0 comment Print

Instructions to AO’s for initiating section 147 proceedings in I.T. e-Verification cases

Income Tax : Learn how to initiate proceedings under section 147 of the IT Act in e-Verification cases. Detailed instructions for Assessing Off...

March 19, 2024 7962 Views 0 comment Print

CBDT Amends India-Spain Double Taxation Avoidance Agreement (DTAA)

Income Tax : Explore the Notification No. 33/2024 on the agreement between India and Spain for tax exchange. Understand its implications and ch...

March 19, 2024 861 Views 0 comment Print

CBDT approves Sardar Vallabhbhai National Institute of Technology for Scientific Research

Income Tax : Notification No. 30/2024-Income Tax approves Sardar Vallabhbhai National Institute of Technology, Surat for scientific research un...

March 13, 2024 144 Views 0 comment Print


Navigating the Crypto Tax: Through the lens of Regulatory framework

April 1, 2024 234 Views 0 comment Print

Explore the impact of taxation on India’s burgeoning online gaming sector, navigating legislative complexities and proposed Finance Bill, 2023 amendments.

Kerala HC dismisses writ petition citing availability of an alternative remedy

March 31, 2024 282 Views 0 comment Print

Kerala High Court dismisses writ petition citing availability of an alternative remedy before ITAT. Details of the case and judgment here.

ITAT Remands Matter, Imposes Cost on Assessee for Lack of Cooperation

March 31, 2024 261 Views 0 comment Print

Read about the ITAT Ahmedabad’s decision in the case of Vivekkumar S Bhavsar vs ITO, where the matter was remanded back to the AO due to lack of cooperation from the assessee. A cost of Rs. 5000 was imposed on the assessee, payable to the Prime Minister National Relief Fund.

ITAT Delhi Restores ICSI vs DCIT Case for Income Tax Exemption Claim Verification

March 31, 2024 282 Views 0 comment Print

The ITAT Delhi orders a review of the Institute of Company Secretaries of India’s income tax exemption claim, sending the matter back for verification by the AO.

Addition based on mere Photocopy of Alleged Agreement is unjustified

March 31, 2024 711 Views 0 comment Print

Delhi High Court dismisses Revenue’s appeal, ruling photocopy of sale agreement insufficient evidence for income addition. Analysis & judgment explained.

Mathematical Errors cannot be said to be Failure to Disclose Material Facts: ITAT Ahmedabad

March 31, 2024 333 Views 0 comment Print

Ahmedabad ITAT rules in favor of Mehsana Urban Co-op. Bank Ltd., stating AO’s incorrect calculation isn’t failure to disclose, thus invalidating assessment reopening beyond 4 years.

Section 271D Penalty: ITAT Directs AO to Verify Reasonable Cause for Cash Loan

March 31, 2024 423 Views 0 comment Print

In the case of SVT Wholesale Pvt. Ltd. Vs JCIT, the ITAT Bangalore evaluates the penalty imposed under Section 271D for violating Section 269SS of the Income Tax Act, 1961. Learn about the legal arguments, precedents, and the tribunal’s decision.

Section 43B Doesn’t Apply where payment precedes claim of expenditure

March 31, 2024 5070 Views 0 comment Print

Read a detailed analysis of the case of DCIT vs. Flax Apparels Pvt. Ltd. where ITAT Ahmedabad ruled that Section 43B of the Income Tax Act, 1961 doesn’t apply when payment precedes the claim of expenditure.

ITAT upholds Section 271D penalty for Cash Receipt against Property Sale in Violation of Section 269SS

March 31, 2024 10071 Views 0 comment Print

Chennai ITAT ruled that receiving a huge sale consideration in cash violates Sec 269SS, warranting penalty under Sec 271D. Case analysis of Nammalvar Lingusamy Vs ACIT.

Time Limit to Acquire New House for Section 54 Capital Gains Tax Exemption

March 31, 2024 69696 Views 0 comment Print

Delhi ITAT ruled that to claim capital gains benefit under Sec 54, taxpayers must acquire a residential house within three years from the date of old house transfer. Analysis of Mohan Lal Jain case.

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