#section 44AB
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861 articlesIncome Tax

Income Tax
Audit Requirements & Criterion for Business & Profession (Section 44AB) Assessment Year 2024-24
Income Tax

Income Tax
Condonation application cannot be rejected straightway in a cryptic, confused & absurd manner
CA, CS, CMA

CA, CS, CMA
SC upholds Restriction on Number of Section 44AB Tax Audit imposed by ICAI
CA, CS, CMA

CA, CS, CMA
Supreme Court Upholds ICAI’s Limit of 60 Tax Audits per CA: Analysis
Income Tax

Income Tax
No Section 271B penalty if reasonable cause exist for delay in furnishing Tax Audit Report
Income Tax

Income Tax
Deduction under section 80JJAA
Income Tax

Income Tax
Adhoc Disallowance on Surmises Without Rejecting Books is unsustainable
Income Tax

Income Tax
No section 68 addition for Share Capital Subscription if assessee submits evidence for source of funds
Income Tax

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

Income Tax
Cash Sales Already Reported as Income Cannot Be Taxed Under Pretext of Inflation Sales to Mask Demonetization Currency
Income Tax

Income Tax
Bombay HC Directs Disciplinary Action Against AO for 6-Year Delay in Rectification Order
Income Tax

Income Tax
Section 270A(9)(a) Penalty Cannot be Levied for Adhoc Disallowance of Expenditure
Income Tax

Income Tax
Section 41(1) Addition Not Permissible Solely Due to Lapse of Limitation Period: ITAT Mumbai
Income Tax

Income Tax
