Read more at: https://taxguru.in/income-tax/section-271b-penalty-sustained-books-accounts-maintained.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/income-tax/section-271b-penalty-sustained-books-accounts-maintained.html Rakesh Kumar Jha Vs ITO (ITAT Ranchi) Assessee has been running the business of imparting tuition classes. As
Category: Income Tax Cases
Service Tax Demand and Penalty u/s 78 of Finance Act not valid in Absence of Corroborative Evidence: CESTAT
Read More: https://www.taxscan.in/service-tax-demand-and-penalty-u-s-78-of-finance-act-not-valid-in-absence-of-corroborative-evidence-cestat/277775/ Clipped from: https://www.taxscan.in/service-tax-demand-and-penalty-u-s-78-of-finance-act-not-valid-in-absence-of-corroborative-evidence-cestat/277775/ Top Stories The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax demand and penalty under section 78 of
No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT
Read More: https://www.taxscan.in/no-penalty-u-s-271b-of-income-tax-act-when-there-is-reasonable-cause-for-not-getting-audited-u-s-44ab-itat/276903/ Clipped from: https://www.taxscan.in/no-penalty-u-s-271b-of-income-tax-act-when-there-is-reasonable-cause-for-not-getting-audited-u-s-44ab-itat/276903/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Penalty%20u/s%20271B%20of%20Income%20Tax%20Act%20when%20there%20is%20Reasonable%20Cause%20for%20not%20getting%20Audited%20u/s%2044AB:%20ITAT Top Stories By Aparna. M – On May 11, 2023 4:00 pm – 2 mins read The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has
👍Assessment Order passed without due opportunity to Legal Heirs- HC remands matter back to AO
Clipped from: https://taxguru.in/income-tax/assessment-order-passed-due-opportunity-legal-heirs-hc-remands-matter-back-ao.html Prema Rengarajan Vs DCIT (Madras High Court) Learned Standing counsel appearing for the Department pointed out that after the death of the original
👍Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings
Clipped from: https://www.taxscan.in/sales-reversal-entry-is-not-unexplained-expenditure-itat-quashes-revision-proceedings/277130/ Top Stories The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), quashed revision proceedings under Section 263 of the Income Tax Act, 1961 and held that
👍Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order
Clipped from: https://www.taxscan.in/notice-u-s-1432-not-issued-by-ao-itat-quashes-income-tax-assessment-order/276997/ Top Stories The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has quashed the assessment order holding that notice under Section 143(2) of the Income Tax Act,
👍👍👍AO to provide reasons to disbelieve bank statements for reopening of assessment
Clipped from: https://taxguru.in/income-tax/ao-provide-reasons-disbelieve-bank-statements-reopening-assessment.html Aditi Constructions Vs DCIT (Bombay High Court) We find that the jurisdictional conditions for invoking section 147 – 148 are not satisfied as
ITAT quashes Ex-parte Order due to Non-Service of Notice, grants Assessee Opportunity of Hearing
Read More: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/ Clipped from: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes%20Ex-parte%20Order%20due%20to%20Non-Service%20of%20Notice,%20grants%20Assessee%20Opportunity%20of%20Hearing Top Stories The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently quashed an ex-parte order due to the non-service of notice
👍Non-cognizance of Income Tax Demand Orders and Tax Position by Old Accountant: ITAT Condones Delay of 217 Days prior to COVID Period
Read More: https://www.taxscan.in/non-cognizance-of-income-tax-demand-orders-and-tax-position-by-old-accountant-itat-condones-delay-of-217-days-prior-to-covid-period/275740/ Clipped from: https://www.taxscan.in/non-cognizance-of-income-tax-demand-orders-and-tax-position-by-old-accountant-itat-condones-delay-of-217-days-prior-to-covid-period/275740/ Top Stories By Aparna. M – On May 8, 2023 12:00 pm – 2 mins read The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) recently while
👍👍👍Remuneration paid to Consultant Doctors not salary,TDS not applicable :ITAT
Clipped from: https://www.taxscan.in/remuneration-paid-to-consultant-doctors-not-salary-tds-not-applicable-itat/275798/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Remuneration%20paid%20to%20Consultant%20Doctors%20not%20salary,TDS%20not%20applicable%20:ITAT Top Stories By Aparna. M – On May 8, 2023 1:00 pm – 3 mins read The Chennai bench of the Income Tax Appellate Tribunal (ITAT) recently held that
👍👍👍👍👍Interest on deposits cannot be treated as business Income for Section 44AD
Clipped from: https://taxguru.in/income-tax/interest-deposits-treated-business-income-section-44ad.html Euro Homes Vs DCIT (ITAT Chennai) In so far as interest on deposits is concerned, the assessee has included interest received from deposits
👍👍👍👍👍Section 148 notice without Higher Authority Approval is invalid
Clipped from: https://taxguru.in/income-tax/section-148-notice-higher-authority-approval-invalid.html Smt. Rashmi Bansal Vs CIT (ITAT Delhi) In this case prior to issuance of notice under Section 148 of the Act, the Assessing
👍Co-owners showed capital gains of different amount – Section 148 notice invalid
Clipped from: https://taxguru.in/income-tax/co-owners-showed-capital-gains-different-amount-section-148-notice-invalid.html Bimlakumari Lajpatraj Hurra Vs ITO (Gujarat High court) ITAT held that When the return of income was filed and all the relevant details
👍👍👍👍👍Tax on sale of property belonging to father is not leviable on son
Clipped from: https://taxguru.in/income-tax/tax-sale-property-belonging-father-leviable-son.html Gurbinder Singh Mahal Vs ITO (ITAT Amritsar) ITAT Amritsar held that the assessee is not liable for payment of tax related to sale
👍👍👍👍👍Gift of Immovable Property to Sister Not Taxable: ITAT
Clipped from: https://www.taxscan.in/gift-of-immovable-property-to-sister-not-taxable-itat/274028/ Top Stories The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that a gift of immovable property to sister is neither taxable as capital
👍👍👍👍👍CESTAT sets aside Revenue’s Demand for Extended Period in Absence of Malafide Act for Service Tax Evasion
Read More: https://www.taxscan.in/cestat-sets-aside-revenues-demand-for-extended-period-in-absence-of-malafide-act-for-service-tax-evasion/273686/ lipped from: https://www.taxscan.in/cestat-sets-aside-revenues-demand-for-extended-period-in-absence-of-malafide-act-for-service-tax-evasion/273686/ Top Stories The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), sets aside the Revenue’s Demand for Extended Period in the
Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT
Clipped from: https://www.taxscan.in/income-offered-towards-excess-stock-not-unexplained-investment-u-s-69b-no-income-tax-levy-u-s-115bbe-itat/273896/ Top Stories By Aparna. M – On May 2, 2023 7:30 am – 3 mins read The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income offered
👍👍👍👍👍Brought forward unabsorbed depreciation can be set-off against income from other sources allowed
Clipped from: https://taxguru.in/income-tax/claim-set-brought-forward-unabsorbed-depreciation-earlier-years-income-sources-allowed.html Petrofils Cooperative Ltd Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that the assessee is entitled to claim of unabsorbed brought-forward depreciation to be
👍👍👍👍👍Companies Act Section 140(5) not become nugatory on auditor resignation: SC
Clipped from: https://taxguru.in/company-law/companies-act-section-1405-nugatory-auditor-resignation-sc.html Union of India and Another Vs Deloitte Haskins and Sells LLP & Anr (Supreme Court of India); Criminal Appeal No. 2305-2307 of 2022;
🙏🙏🙏🙏🙏🙏🙏Maharashtra Real Estate Regulatory Authority issues SCN to Chartered Accountant for Violation of Regulations
Clipped from: https://www.taxscan.in/maharashtra-real-estate-regulatory-authority-issues-scn-to-chartered-accountant-for-violation-of-regulations/274420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Maharashtra%20Real%20Estate%20Regulatory%20Authority%20issues%20SCN%20to%20Chartered%20Accountant%20for%20Violation%20of%20Regulations Top Stories A Show Cause Notice was sent to a chartered accountant by the Maharashtra Real Estate Regulatory Authority (MahaRERA) for infringing the regulations under
