https://taxguru.in/income-tax/reopening-u-s-148-based-investigation-report-unjustifiable-itat-delhi.html Clipped from: https://taxguru.in/income-tax/reopening-u-s-148-based-investigation-report-unjustifiable-itat-delhi.html Akik Marketing India Pvt. Ltd. Vs ITO (ITAT Delhi) ITAT Delhi held that reopening assessment under section 148 of the Income Tax
Category: Income Tax
👍👍👍👍👍Co-Op society eligible for section 80P(2)(a)(i) deduction on compulsory investment with Central Co-op Bank
https://taxguru.in/income-tax/co-op-society-eligible-section-80p2ai-deduction-compulsory-investment-central-co-op-bank.html Clipped from: https://taxguru.in/income-tax/co-op-society-eligible-section-80p2ai-deduction-compulsory-investment-central-co-op-bank.html Kalika Parameswari Co-operative Society Ltd Vs ITO (ITAT Bangalore) Introduction: The case of Kalika Parameswari Co-operative Society Ltd vs. ITO, heard at the
👍👍👍👍👍Addition which is not based on reasons for reopening is un-sustainable sans notice u/s 148
https://taxguru.in/income-tax/addition-based-reasons-reopening-un-sustainable-sans-notice-u-s-148.html Clipped from: https://taxguru.in/income-tax/addition-based-reasons-reopening-un-sustainable-sans-notice-u-s-148.html Manu Stock Broking Private Limited Vs ACIT (ITAT Mumbai) Introduction: The case of Manu Stock Broking Pvt Ltd Vs ACIT, adjudicated by the
👍👍👍👍👍Section 143(1) Intimation Without Hearing Assessee Is Unlawful: ITAT Kolkata
https://taxguru.in/income-tax/section-1431-intimation-hearing-assessee-unlawful-itat-kolkata.html Clipped from: https://taxguru.in/income-tax/section-1431-intimation-hearing-assessee-unlawful-itat-kolkata.html Aashirvad Villa Limited Vs ITO (ITAT Kolkata) Introduction: The case of Aashirvad Villa Limited Vs ITO, adjudicated by the Income Tax Appellate Tribunal
👍👍👍👍👍Section 80P(2)(d) Deduction Eligible on Interest on Deposits with Co-Op Society
https://taxguru.in/income-tax/section-80p2d-deduction-eligible-interest-deposits-co-op-society.html Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-eligible-interest-deposits-co-op-society.html Balduhak Co-operative Agriculture Service Society Ltd. Vs ITO (ITAT Chandigarh) Introduction: The case of Balduhak Co-operative Agriculture Service Society Ltd. vs ITO (ITAT
👍👍👍Section 43B(h) of Income Tax Act, 1961 and MSMED Act, 2006
https://taxguru.in/income-tax/section-43b-h-income-tax-act-1961-msmed-act-2006.html Clipped from: https://taxguru.in/income-tax/section-43b-h-income-tax-act-1961-msmed-act-2006.html The government has brought in the amendment in Section 43B of Income Tax Act, 1961 and inserted a new clause (h) w.e.f.
👍👍👍Personal hearing is mandatory before issuing Section 148A(d) orders: Kerala HC
https://taxguru.in/income-tax/personal-hearing-mandatory-issuing-section-148ad-orders-kerala-hc.html Clipped from: https://taxguru.in/income-tax/personal-hearing-mandatory-issuing-section-148ad-orders-kerala-hc.html ITO Vs Abdul Majeed (Kerala High Court) Introduction: In a recent judgment, the Kerala High Court addressed the necessity of a personal hearing prior
👍👍👍👍👍Payments to Micro, Small & Medium Enterprises: Section 43B(h) impact & FAQs
https://taxguru.in/income-tax/payments-micro-small-medium-enterprises-section-43bh-impact-faqs.html Clipped from: https://taxguru.in/income-tax/payments-micro-small-medium-enterprises-section-43bh-impact-faqs.html PAYMENTS RELATING TO MICRO, SMALL AND MEDIUM ENTERPRISES – IMAPCT OF SECTION 43B(h) and FAQs Introduction The Finance Act, 2023 through inserting section 43B(h), applicable
👍👍👍👍👍Exemptions to rebates: Differences between old and new tax regime | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/exemptions-to-rebates-differences-between-old-and-new-tax-regime-124031400355_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/exemptions-to-rebates-differences-between-old-and-new-tax-regime-124031400355_1.html Taxpayers are given a choice to choose between the old and new tax regimes The due date for income tax return (ITR)
Exemptions to rebates: Differences between old and new tax regime | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/exemptions-to-rebates-differences-between-old-and-new-tax-regime-124031400355_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/exemptions-to-rebates-differences-between-old-and-new-tax-regime-124031400355_1.html Taxpayers are given a choice to choose between the old and new tax regimes The due date for income tax return (ITR)
Advance Tax Payment: Last Date, Applicability, Tax Considerations – Here’s all you need to know – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-advance-tax-payment-last-date-applicability-tax-considerations-heres-all-you-need-to-know-3423999 Clipped from: https://www.financialexpress.com/money/income-tax-advance-tax-payment-last-date-applicability-tax-considerations-heres-all-you-need-to-know-3423999/ Every person whose estimated tax liability is Rs 10,000 or more during a particular financial year would be liable to pay advance
👍👍👍👍👍👍👍Interest Income received from Co-operative Banks cannot be equated with interest received from Co-operative Society: ITAT not allowed deduction u/s 80P (2) (d) of Income Tax Act
Clipped from: https://www.taxscan.in/interest-income-received-from-co-operative-banks-cannot-be-equated-with-interest-received-from-co-operative-society-itat-not-allowed-deduction-u-s-80p-2-d-of-income-tax-act-read-order/373691/ ITAT disallowed deduction under Section 80P (2)(d) of the Income Tax Act, 1961, stating that interest income received from cooperative banks cannot be
👍👍👍👍👍Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT
Clipped from: https://www.taxscan.in/interest-income-derived-by-co-operative-society-from-any-other-co-operative-bank-allowable-as-deduction-u-s-80p2d-itat-read-order/373308/ In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that interest income derived by a co-operative
👍👍👍👍👍Denial of deduction claimed u/s 80P(2)(d) of IT Act regard to interest received from Co-Operative Banks /Scheduled Banks : ITAT Directs Readjudication
Clipped from: https://www.taxscan.in/denial-of-deduction-claimed-u-s-80p2d-of-it-act-regard-to-interest-received-from-co-operative-banks-scheduled-banks-itat-directs-re-adjudication-read-order/373205/ The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) directed re adjudication upon the denial of deduction claimed under Section 80(2)(d) of the
👍👍👍ITR-1, Sahaj: A simple guide to filing tax form for a financial year | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/itr-1-sahaj-a-simple-guide-to-filing-tax-form-for-a-financial-year-124031100695_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/itr-1-sahaj-a-simple-guide-to-filing-tax-form-for-a-financial-year-124031100695_1.html Eligible taxpayers filing using this form typically derive income from various sources, including salary income tax Listen to This Article What is
👍👍👍👍👍👍👍Section 43B(h) and Limitation Period under Section 15 of MSMED Act
https://taxguru.in/income-tax/section-43b-h-limitation-period-section-15-msmed-act.html Clipped from: https://taxguru.in/income-tax/section-43b-h-limitation-period-section-15-msmed-act.html Introduction: The Micro, Small, and Medium Enterprises Development (MSMED) Act plays a pivotal role in defining the operational and financial dynamics between buyers
👍👍👍👍👍Snips on Section 43B (h) of Income Tax Act, 1961 Related to MSME Enterprises
https://taxguru.in/income-tax/snips-section-43b-h-income-tax-act-1961-related-msme-enterprises.html Clipped from: https://taxguru.in/income-tax/snips-section-43b-h-income-tax-act-1961-related-msme-enterprises.html Introduction: Article provides an insightful overview of Section 43B(h) of the Income Tax Act, 1961, focusing on its implications for Micro and Small
👍👍👍👍👍Provisions of Income Tax Act Regarding Micro And Small Enterprise
https://taxguru.in/income-tax/provisions-income-tax-act-micro-small-enterprise.html Clipped from: https://taxguru.in/income-tax/provisions-income-tax-act-micro-small-enterprise.html Introduction: The Micro, Small, and Medium Enterprise (MSME) sector plays a crucial role in India’s economic landscape. This article delves into the recent
👍👍👍Personal Hearing Mandatory for Adverse Orders under GST: Bombay HC
https://taxguru.in/goods-and-service-tax/personal-hearing-mandatory-adverse-orders-gst-bombay-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/personal-hearing-mandatory-adverse-orders-gst-bombay-hc.html Mauli Sai Developers Private Limited Vs Union of India (Bombay High Court) In a landmark judgment, the Bombay High Court in the
👍👍👍CESTAT Weekly Round-Up
Clipped from: https://www.taxscan.in/cestat-weekly-round-up-91/373576/ This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in,
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