Clipped from: https://taxguru.in/corporate-law/section-148-notice-expiry-4-years-facts-ao-bad-law.html?utm_source=feedburner&utm_medium=email Peerless Hospitex Hospital and Research Center Limited Vs PCIT (Calcutta High Court) Facts- It is the case of the petitioner that it is a
Category: Legal
*****Prevention of money laundering Vs principles of free & fair trial – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/prevention-of-money-laundering-vs-principles-of-free-fair-trial/article65372605.ece Proceedings that have severe implications for the accused a a norm should come with a minimum degree of transparency; critics argue that PMLA
*Can the Rent Paid to Parents or Spouses be Eligible for HRA Exemption under the Income Tax Act?-TAXSCAN
Read More: https://www.taxscan.in/can-the-rent-paid-to-parents-or-spouses-be-eligible-for-hra-exemption-under-the-income-tax-act/170707/ Clipped from: https://www.taxscan.in/can-the-rent-paid-to-parents-or-spouses-be-eligible-for-hra-exemption-under-the-income-tax-act/170707/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=HRA Top Stories By Aleena Elizabeth – On April 26, 2022 8:48 pm Whether Paying Rent to Parents or Spouses to be considered a Tax
*Digital Data recovered during Search has Evidentiary Value, can be relied on to Make Addition: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/digital-data-recovered-during-search-has-evidentiary-value-can-be-relied-on-to-make-addition-itat/170723/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Digital%20Data Top Stories By Rasheela Basheer – On April 26, 2022 5:04 pm The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the
*Delhi HC strikes down Explanation to CBDT Notifications for Re-Assessment after 31st March 2021, Quashes Notices-TAXSCAN
Clipped from: https://www.taxscan.in/delhi-hc-strikes-down-explanation-to-cbdt-notifications-for-re-assessment-after-31st-march-2021-quashes-notices/170882/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBDT Top Stories By Taxscan Team – On April 27, 2022 10:22 am In a significant ruling, a division bench of the Delhi High Court comprising Mr. Justice
*Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee-TAXSCAN
Clipped from: https://www.taxscan.in/delay-in-completing-assessment-after-4-years-of-search-bombay-hc-allows-compensation-to-assessee/170786/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Completing%20Assessment Top Stories By Rasheela Basheer – On April 27, 2022 7:20 am A division bench of the Bombay High Court has directed the income tax department
*Income Tax Law does not prohibitAssessing Officer to go beyond the Reasonsbased on which Re-Assessment Initiated: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/income-tax-law-does-not-prohibit-assessing-officer-to-go-beyond-the-reasons-based-on-which-re-assessment-initiated-itat/171029/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=IT%20Law Top Stories By Rasheela Basheer – On April 27, 2022 8:30 pm The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that there is no
Delay of 1217 Days in filing Appeal due to Covid-19: ITAT imposes Cost of Rs. 25,000 to Condone Delay [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/delay-of-1217-days-in-filing-appeal-due-to-covid-19-itat-imposes-cost-of-rs-25000-to-condone-delay/170947/ Clipped from: https://www.taxscan.in/delay-of-1217-days-in-filing-appeal-due-to-covid-19-itat-imposes-cost-of-rs-25000-to-condone-delay/170947/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Condone%20Delay Top Stories By Rasheela Basheer – On April 27, 2022 6:03 pm While condoning a delay of 1217 days in filing an income tax
*Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT–taxscan
clipped from: https://www.taxscan.in/remuneration-to-partner-out-of-profit-is-not-salary-cannot-be-treated-as-expenditure-for-the-purpose-of-s-40a3-itat/170368/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Salary Top Stories By Taxscan Team – On April 24, 2022 11:08 am The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the remuneration paid
*Reassessment shall be Conducted by Same Officer or his Successor who Conducted Assessment: Gujarat HC quashes Reassessment Initiated by DRI [Read Order]
Read More: https://www.taxscan.in/reassessment-shall-be-conducted-by-same-officer-or-his-successor-who-conducted-assessment-gujarat-hc-quashes-reassessment-initiated-by-dri/170471/ Clipped from: https://www.taxscan.in/reassessment-shall-be-conducted-by-same-officer-or-his-successor-who-conducted-assessment-gujarat-hc-quashes-reassessment-initiated-by-dri/170471/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reassessment Top Stories By Jwala K.P – On April 25, 2022 12:19 pm The Gujarat High Court has held that reassessment shall be conducted by
No Service Tax can be levied on Liquidated Damages received under any Contract: CESTAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/no-service-tax-can-be-levied-on-liquidated-damages-received-under-any-contract-cestat/170512/ Clipped from: https://www.taxscan.in/no-service-tax-can-be-levied-on-liquidated-damages-received-under-any-contract-cestat/170512/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Liquidated%20Damages Top Stories By Jwala K.P – On April 25, 2022 2:13 pm The Principal Bench of New Delhi Customs, Excise & Service Tax Appellate
*Bank liable for break-in and theft from locker | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bank-liable-for-break-in-and-theft-from-locker-122042400916_1.html The National Commission observed that when a locker is broken into, it constitutes a breach of the promised assurance of safety, and is
SC moots deeper scrutiny before award of death penalty – The Hindu
Clipped from: https://www.thehindu.com/todays-paper/tp-national/sc-moots-deeper-scrutiny-before-award-of-death-penalty/article65346666.ece The Supreme Court on Friday asked Attorney General K.K. Venugopal for assistance to institutionalise a mechanism by which information crucial to decide whether
*Capital Gain Exemption allowable on Bonafide Expenses Incurred for making New House Habitable prior to Possession: ITAT
Clipped from: https://www.taxscan.in/capital-gain-exemption-allowable-on-bonafide-expenses-incurred-for-making-new-house-habitable-prior-to-possession-itat/170135/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CG Top Stories By Rasheela Basheer – On April 23, 2022 8:01 am The Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the capital gain exemption
Re-Assessment can be initiated on Disclosure of Bogus Purchase Bills: Chhattisgarh HC [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/re-assessment-can-be-initiated-on-disclosure-of-bogus-purchase-bills-chhattisgarh-hc/169740/ Clipped from: https://www.taxscan.in/re-assessment-can-be-initiated-on-disclosure-of-bogus-purchase-bills-chhattisgarh-hc/169740/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Bogus%20Purchase%20Bills Top Stories By Taxscan Team – On April 22, 2022 2:36 pm The Chhattisgarh High Court has held that the reassessment proceedings by invoking
Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/higher-rate-of-depreciation-available-to-vehicles-let-out-on-hire-only-if-assessee-furnish-details-itat/169772/ Clipped from: https://www.taxscan.in/higher-rate-of-depreciation-available-to-vehicles-let-out-on-hire-only-if-assessee-furnish-details-itat/169772/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation Top Stories By Rasheela Basheer – On April 22, 2022 12:14 pm The Ahmedabad bench of the ITAT has held that the assessee can
*No Document to Support the Allegation: CESTAT Directs to Restore the Customs Broker Licence [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/no-document-to-support-the-allegation-cestat-directs-to-restore-the-customs-broker-licence/169938/ Clipped from: https://www.taxscan.in/no-document-to-support-the-allegation-cestat-directs-to-restore-the-customs-broker-licence/169938/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Document Top Stories By Jwala K.P – On April 22, 2022 1:37 pm The New Delhi Principal Bench of Customs, Excise & Service Tax Appellate
*Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC–TAXSCAN
Clipped from: https://www.taxscan.in/expenditure-in-the-form-of-commission-to-the-doctors-is-prohibited-by-law-and-not-entitled-to-deduction-u-s-37-1-calcutta-hc/169945/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Commission%20to%20the%20Doctors Top Stories By Rasheela Basheer – On April 22, 2022 3:09 pm The Calcutta High Court has held that expenditure in the form of commission to
*Shortcomings of Online Gaming (Regulation) Bill – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/gavelshortcomings-of-online-gaming-regulation-bill/article65321561.ece Creative background, online casino, in a man’s hand a smartphone with playing cards, roulette and chips, black-gold background. Internet gambling concept. Copy space.
Suppression in Net Sales assessable as “Business Income”, can’t be treated as Deemed Income u/s 68: ITAT
Clipped from: https://www.taxscan.in/suppression-in-net-sales-assessable-as-business-income-cant-be-treated-as-deemed-income-u-s-68-itat/169020/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20Income Top Stories By Rasheela Basheer – On April 19, 2022 8:10 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income surrendered
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