Clipped from: https://www.taxscan.in/assessing-officer-cannot-interfere-with-the-business-decisions-of-assessee-itat/169183/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Assessing%20Officer Top Stories By Rasheela Basheer – On April 19, 2022 4:12 pm The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer
Category: Income Tax Cases
*Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/ Clipped from: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Gain%20exemption Top Stories By Rasheela Basheer – On April 18, 2022 11:40 am The Bangalore bench of the ITAT has held that the date of
*No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/no-penalty-on-receiving-cash-loan-from-family-members-to-meet-business-exigency-itat/168825/ Top Stories By Rasheela Basheer – On April 18, 2022 10:08 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D
*Re-Assessment at the behest of Audit Party is Invalid: Bombay High Court-TAXSCAN
Clipped from: https://www.taxscan.in/re-assessment-at-the-behest-of-audit-party-is-invalid-bombay-hc/168034/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment Top Stories By Rasheela Basheer – On April 12, 2022 10:08 pm A division bench of the Bombay High Court has held that the re-assessment under
*Provisional Attachment shall not Hamper Regular Business: Gujarat High Court-TAXSCAN
Clipped from: https://www.taxscan.in/provisional-attachment-shall-not-hamper-regular-business-gujarat-hc/168336/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Provisional%20Attachment Top Stories By Rasheela Basheer – On April 14, 2022 11:04 am A division bench of the Gujarat High Court has held that the provisional attachment
*ACIT cannot Sanction Re-assessment Notice After Expiry Of 4 Years: Bombay HC-TAXSCAN
Clipped from: https://www.taxscan.in/acit-cannot-sanction-re-assessment-notice-after-expiry-of-4-years-bombay-hc/168573/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20Notice Top Stories By Taxscan Team – On April 15, 2022 8:47 pm The Bombay High Court has held that the Additional Commissioner of Income Tax cannot
*The Term ‘Sufficient Cause’ shall Interpret Liberally: ITAT-taxscan
Clipped from: https://www.taxscan.in/the-term-sufficient-cause-shall-interpret-liberally-itat/168811/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT Top Stories By Rasheela Basheer – On April 18, 2022 6:57 am The Bangalore bench of the ITAT, in a significant ruling favoring the assessee, has held
*Delay in Processing Income Tax Refund: Bombay HC slams Income Tax Dept for causing Unnecessary Hardships to Taxpayers-TAXSCAN
Clipped from: https://www.taxscan.in/delay-in-processing-income-tax-refund-bombay-hc-slams-income-tax-dept-for-causing-unnecessary-hardships-to-taxpayers/166630/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Refund Top Stories By Taxscan Team – On April 6, 2022 1:34 pm The Bombay High Court has recently criticized the income tax department and the Central Board
*Provisions of Sec 44AD not applicable to Commission Agents: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/provisions-of-sec-44ad-not-applicable-to-commission-agents-itat/168758/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Section%2044 Top Stories By Rasheela Basheer – On April 17, 2022 6:25 am The ITAT, Chennai bench has held that the provisions of Section 44AD of the
*‘Framing of Reassessment u/s 147 of Income Tax Act against Non-Existing Entity is void ab-initio’: ITAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/framing-of-reassessment-u-s-147-of-income-tax-act-against-non-existing-entity-is-void-ab-initio-itat/168698/ Clipped from: https://www.taxscan.in/framing-of-reassessment-u-s-147-of-income-tax-act-against-non-existing-entity-is-void-ab-initio-itat/168698/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reassessment Top Stories By Taxscan Team – On April 17, 2022 9:45 am The Delhi bench of the Income Tax Appellate Tribunal (ITAT), has held
ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act–TAXSCAN
lipped from: https://www.taxscan.in/itat-condones-delay-of-4-years-in-filing-rectification-application-u-s-154-of-income-tax-act/168733/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=condones%20Delay%20of%204%20Years Top Stories By Taxscan Team – On April 17, 2022 7:11 am The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a
*Mere Mistake in filing of Income Tax Return would not result in Enhancement of Income: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/mere-mistake-in-filing-of-income-tax-return-would-not-result-in-enhancement-of-income-itat/168830/ Top Stories By Rasheela Basheer – On April 17, 2022 9:16 pm The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a mere mistake
How technology is transforming tax functions across organisations – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/how-technology-is-transforming-tax-functions-across-organisations-312574-2021-11-17 Although the present focus of automation and technology is on compliance in a big way, it is only a matter of time before
COURTROOM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/courtroom/article36555934.ece Acknowledged as debt In business, there are circumstances where a person might have incurred a liability, but later on he need not have
Delhi HC asks I-T Dept to give 3 weeks notice to assessee before taking any coercive action – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/covid-relief-delhi-hc-asks-i-t-dept-to-give-3-weeks-notice-to-assessee-before-taking-any-coercive-action/article34508991.ece Petitioners plead for issuance of directions for waiver of charges towards tax payment delay The Delhi High Court has asked the Government to
Modi govt’s relief on GST late fee, tax payment to help MSEs but further extension still needed: Experts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/modi-govts-relief-on-gst-late-fee-tax-payment-to-help-mses-but-further-extension-still-needed-experts/2244290/ Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday had issued a notification announcing the
income tax show cause notice – Norton Safe Search
Clipped from: https://nortonsafe.search.ask.com/web?chn=prev&cmpgn=&doi=2021-01-14&geo=&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&o=APN12174&p2=%5EEQ%5Ecd00in%5E&prt=cr&trackId=&ver=3.14.3.7&tpr=4&q=income+tax+show+cause+notice&ts=1619659788159&ssrt=2300Web Results Show Cause Notices – TaxGuruhttps://taxguru.in/income-tax/show-notices.html 18 Apr 2020 … Show cause notice means a Court order that requires a party to appear before the court and explain
extended period of limitation in income tax cases – Norton Safe Search
Clipped from: https://nortonsafe.search.ask.com/web?q=extended%20period%20of%20limitation%20in%20income%20tax%20cases&vendoroffered=ask&extntype=legacyv1&vendorConfigured=ask&o=APN12174&prt=cr&ver=3.14.3.7&tpr=111&chn=prev&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&doi=2021-01-14Web Results INVOKING EXTENDED PERIOD OF LIMITATION FOR …https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=9105 22 Apr 2020 … INVOKING EXTENDED PERIOD OF LIMITATION FOR … In taxation, it (“ suppression of facts”) can have only one meaning
show cause notice reply in gst –
Clipped from: https://nortonsafe.search.ask.com/web?q=show%20cause%20notice%20reply%20in%20gst&vendoroffered=ask&extntype=legacyv1&vendorConfigured=ask&o=APN12174&prt=cr&ver=3.14.3.7&tpr=111&chn=prev&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&doi=2021-01-14Web Results GST Notices – Overview, Reasons, Types & Reply Formathttps://cleartax.in/s/gst-notices 16 Mar 2021 … GST Notices are of many types. Get a complete list! Reply to show cause notice on time, giving SCN reference
When to Say No to Cash Transaction under Income Tax Act, 1961–tax guru
Clipped from: https://taxguru.in/income-tax/cash-transaction-income-tax-act-1961.html A. Income Tax Act, 1961 discourages transactions in cash through several of its provisions. This is done with a view to- counteracting money
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