#section 44AB
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858 articlesIncome Tax
Income Tax
Demonetisation Cash Sales Accepted: No U/s 68 Addition Without Proof of Bogus Sales
Income Tax
Income Tax
GST Not Income Under Section 44B; Statutory Levy Excluded from Presumptive Taxation
Income Tax
Income Tax
ITAT Delhi Upholds GP Addition After Books Rejected for Lack of Evidence
Income Tax
Income Tax
Tax Audit Mandatory Even for Exempt Income if Turnover Threshold Crossed: ITAT Kolkata
Income Tax
Income Tax
ITAT Kolkata Reduces Profit Estimation to 4% Due to Lack of Comparable Basis
Company Law
Company Law
Audit Exemption: Alarming Risk Signals for CA Profession
Income Tax
Income Tax
ITAT Mumbai rejects 8% estimation for non-audit u/s 44AB; adopts 2.5% profit based on assessee’s offer
Income Tax
Income Tax
Form 10B Delay Condoned – Exemption U/s 11 Cannot Be Denied for Procedural Lapse
Income Tax
Income Tax
ITAT Pune Upholds Estimation of Profit @8% When Assessee Fails to Prove Purchases & Creditors
Income Tax
Income Tax
ITAT Chennai Deletes Demonetisation Addition – Cash Deposits from Recorded Business Receipts Cannot Be Taxed u/s 69
Income Tax
Income Tax
Bogus Purchase Addition Deleted – Suspicion from STR Report Insufficient When Purchases Supported by Evidence
Income Tax
Income Tax
Reassessment Quashed – Mechanical Approval U/s 151 Based on Wrong Fact that Assessee Was a Non-Filer
Income Tax
Income Tax
Sec 68 Addition on Opening Loans Deleted; Interest & Salary Allowed – ITAT Bangalore
Income Tax
Income Tax
