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Section 234A

Latest Articles


Fake Rent Receipts for claiming HRA exemption: Consequences

Income Tax : Discover the risks and penalties of submitting fake rent receipts to claim HRA exemptions and learn how to comply with tax regulat...

October 21, 2024 19851 Views 0 comment Print

Penalties and Prosecutions Under Income tax Act, 1961

Income Tax : Discover penalties and prosecutions under the Income Tax Act, 1961, including default conditions, quantum of penalties, and potent...

September 6, 2024 505986 Views 4 comments Print

FAQs on interest under section 234A, 234B, 234C and 234D

Income Tax : All about interest under sections 234A, 234B, 234C, and 234D of the Income Tax Act, including when it is charged, rates, and calcu...

August 23, 2024 3369 Views 0 comment Print

Missed ITR Filing Deadline: Implications and Next Steps

Income Tax : Missed the ITR filing deadline? Learn the penalties, interest charges, and restrictions. Understand the consequences and how to fi...

August 3, 2024 6672 Views 0 comment Print

From Side Hustle to Tax Puzzle: A Freelancer’s Guide to Taxes

CA, CS, CMA : Discover the complexities of tax compliance for freelancers and gig workers, from understanding income sources to navigating legal...

June 8, 2024 1812 Views 3 comments Print


Latest News


AOTAA files PIL before Orissa HC on the issue of late fee, interest & penalty under Income Tax

Income Tax : All Odisha Tax Advocates Association has filed an PIl before Orissa High Court with following Prayers- (i) Admit the Writ Petition...

January 13, 2022 4545 Views 1 comment Print

Representation for relaxation from levy of Section 234A interest

Income Tax : Representation for relaxation from levy of interest u/s. 234A on payment of self-assessment tax for A.Y. 2020-21 within extended d...

September 8, 2020 15870 Views 0 comment Print

All you need to know about TDS Rules before filling your IT returns!

Income Tax : The Government is planning to specify a certain category of taxpayers to pay their entire tax liability for FY 2019-20 in advanc...

July 30, 2020 1560 Views 0 comment Print

Belated Release of ITRs and burden of Interest U/s. 234 B

Income Tax : At the end of May the Income Tax Return forms are released for the Assessment Year 2015-16 and same been held back by finance mini...

June 4, 2015 2844 Views 0 comment Print


Latest Judiciary


Advertisement and distribution revenue of Discovery Asia INC. taxable as per MAP

Income Tax : ITAT Delhi held that advertisement and distribution revenue earned by Discovery Asia Inc. is taxable as per Mutual Agreement Resol...

February 7, 2025 111 Views 0 comment Print

ITAT Upholds CIT(A) Order deleting Section 40A(3) ₹12.92 Cr Addition

Income Tax : ITAT Ahmedabad affirms CIT(A)’s deletion of ₹12.92 crore tax addition under Section 40A(3), relying on past gross profit rates...

January 29, 2025 540 Views 0 comment Print

Services doesn’t qualify as FTS as make available condition not satisfied: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that services do not qualify as Fee for Technical Services [FTS] under India-Netherlands tax treaty since depa...

January 28, 2025 219 Views 0 comment Print

Part rejection of cash books without assigning any reason not justified: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that addition towards unexplained cash deposits not justified as CIT(A) has partly accepted the cash book and ...

January 23, 2025 213 Views 0 comment Print

ITAT Grants Assessee Another Opportunity Due to Health & Personal Challenge

Income Tax : ITAT Ahmedabad allows Pankajkumar Patel's appeal for statistical purposes, remanding unexplained investment case to AO for reconsi...

January 18, 2025 246 Views 0 comment Print


Latest Notifications


Income Tax Return, Tax Audit due date & Other dates extended

Income Tax : The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st July 2021 under sub-section (1) of s...

May 20, 2021 163431 Views 24 comments Print

No Section 234A Interest on SA tax paid before due date of filing ROI

Income Tax : CIRCULAR NO. 2/2015 The Board has decided that no interest under section 234A of the Act is chargeable on the amount of self-asses...

February 10, 2015 20672 Views 0 comment Print


Latest Posts in Section 234A

Advertisement and distribution revenue of Discovery Asia INC. taxable as per MAP

February 7, 2025 111 Views 0 comment Print

ITAT Delhi held that advertisement and distribution revenue earned by Discovery Asia Inc. is taxable as per Mutual Agreement Resolution (MAP) as decided by competent authority of India & USA. Accordingly, appeal allowed partially.

ITAT Upholds CIT(A) Order deleting Section 40A(3) ₹12.92 Cr Addition

January 29, 2025 540 Views 0 comment Print

ITAT Ahmedabad affirms CIT(A)’s deletion of ₹12.92 crore tax addition under Section 40A(3), relying on past gross profit rates and valid agricultural purchases.

Services doesn’t qualify as FTS as make available condition not satisfied: ITAT Ahmedabad

January 28, 2025 219 Views 0 comment Print

ITAT Ahmedabad held that services do not qualify as Fee for Technical Services [FTS] under India-Netherlands tax treaty since department failed to demonstrate that technology was ‘make available’ to recipient of services.

Part rejection of cash books without assigning any reason not justified: ITAT Ahmedabad

January 23, 2025 213 Views 0 comment Print

ITAT Ahmedabad held that addition towards unexplained cash deposits not justified as CIT(A) has partly accepted the cash book and partly rejected the cash book without assigning any reason. Accordingly, appeal allowed.

ITAT Grants Assessee Another Opportunity Due to Health & Personal Challenge

January 18, 2025 246 Views 0 comment Print

ITAT Ahmedabad allows Pankajkumar Patel’s appeal for statistical purposes, remanding unexplained investment case to AO for reconsideration under Section 69A.

Delay in ITR Filing due to Technical Defect: ITAT Directs AO to Grant Section 115BAA Benefit

January 16, 2025 225 Views 0 comment Print

ITAT Ahmedabad directs AO to grant Section 115BAA benefits and rectify ITR errors for Zodiac Energy Limited for AY 2021-22.

Increased tax rate of 60% u/s. 115BBE applicable only from 01.04.2017: ITAT Ahmedabad

January 13, 2025 789 Views 0 comment Print

ITAT Ahmedabad held that tax rate u/s. 115BBE of the Income Tax Act increased from 30% to 60% and the same is applicable only with effect from 1st April 2017 and not prior to the same. Hence, appeal allowed to that extent.

No additions can be made without incriminating material in cases of completed assessments

January 10, 2025 3606 Views 0 comment Print

ITAT Jaipur examines Harish Jain’s appeal regarding additions on undisclosed income and retraction of statements during search operations. Detailed case analysis.

Non-granting of accumulation of income u/s. 11(2) unsustainable since delay in Form 10 condoned

January 8, 2025 132 Views 0 comment Print

ITAT Bangalore held that non-granting of accumulation of income under section 11(2) due to delay in filing Form 10 not justified since delay was condoned by appropriate authority. Accordingly, appeal allowed in favour of assessee.

ITAT Delhi Allows Set-Off of Accumulated Deficit Against Current Year Surplus

January 3, 2025 438 Views 0 comment Print

In a recent ruling ITAT Delhi relied upon the binding precedent of the Hon’ble Supreme Court of India in the case of CIT vs. Subros Educational Society, (2018) 96 taxmann.com 652 (SC) in deciding that the set off of accumulated deficit is allowable.

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