Clipped from: https://www.taxscan.in/top-stories/ao-cannot-reopen-completed-income-tax-assessment-after-modified-return-us-170a-bombay-hc-quashes-notices-1444873 The High Court held that completed assessments cannot be reopened after a modified return under Section 170A and quashed notices issued for fresh
*New ITR forms alert: Secondary address field added, what taxpayers must know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/new-itr-forms-alert-secondary-address-field-added-what-taxpayers-must-know/articleshow/130231240.cms The new Income Tax Forms which were notified last week introduced a bunch of changes that are relevant for all those planning to file their
Disinherited in a Will? A settlement deed can still give son or daughter rights over property – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/disinherited-in-a-will-a-settlement-deed-can-still-give-son-or-daughter-rights-over-property/articleshow/130207638.cms ET OnlineEven if son, daughter is cut from family property via Will, if settlement deed is executed in son, daughter’s favour they can
*******Extended Limitation Invalid as No Suppression Proven in Service Tax Case: CESTAT Kolkata
Clipped from: https://taxguru.in/service-tax/extended-limitation-invalid-suppression-proven-service-tax-case-cestat-kolkata.html Radiant Advertising And Marketing (India) Pvt. Ltd. Vs Commissioner of CGST & Central Excise (CESTAT Kolkata) In Radiant Advertising And Marketing (India) Pvt. Ltd.
Co-ownership of Property with Parents without Investment: ITAT Orders Fresh Examination of S. 69 Addition [Read Order]
Clipped from: https://www.taxscan.in/top-stories/co-ownership-of-property-with-parents-without-investment-itat-orders-fresh-examination-of-s-69-addition-1444777 The Tribunal remanded the Section 69 addition, noting that co-ownership with parents alone cannot imply investment. It asked the AO to verify the
Sold property for Rs 94 lakh but lost Rs 21 lakh TDS due to buyer’s error; How Form 71 helped seller win relief from ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-property-for-rs-94-lakh-but-lost-rs-21-lakh-tds-due-to-buyers-error-how-form-71-helped-seller-win-relief-from-itat-delhi/articleshow/130191667.cms Buyer deposited Rs 21 lakh property TDS in wrong year; ITAT Delhi allows seller’s Form 71 and grants tax credit (AI generated representative
Reforms in India: From ease of doing business to ease of trusting systems | Economy & Policy Analysis – Business Standard
lipped from: https://www.business-standard.com/opinion/columns/reforms-in-india-from-ease-of-doing-business-to-ease-of-trusting-systems-126041100210_1.html Trust is no longer just a matter of perception; it is a hard economic and governance variable India’s reform journey over the past