Clipped from: https://www.taxscan.in/failure-to-consider-objections-of-assessee-calcutta-hc-quashes-revision-order/163529/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Calcutta%20HC Top Stories By Rasheela Basheer – On March 24, 2022 6:30 am While quashing an order for revision under section 263 of the Income Tax Act,
Category: Legal
Penalty cannot be solely based on Addition without proving Concealment: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/penalty-cannot-be-solely-based-on-addition-without-proving-concealment-itat/162729/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penalty Top Stories By Rasheela Basheer – On March 22, 2022 2:34 pm The Income Tax Appellate Tribunal, Jaipur bench has held that the penalty under section
Expenses towards Gifts purchased for Sales Promotion allowable as Income Tax Deduction Even If List of Recipients are not provided: ITAT–TAXSCAN
lipped from: https://www.taxscan.in/expenses-towards-gifts-purchased-for-sales-promotion-allowable-as-income-tax-deduction-even-if-list-of-recipients-are-not-provided-itat/163215/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=gift Top Stories By Rasheela Basheer – On March 23, 2022 7:20 am The Ahmedabad bench of the ITAT has held that the expenses towards gifts purchased
Service Tax Demand cannot be based on Statement recorded u/s 132 of Income Tax Act: CESTAT–TAXSCAN
Clipped from: https://www.taxscan.in/service-tax-demand-cannot-be-based-on-statement-recorded-u-s-132-of-income-tax-act-cestat/162293/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Service%20Tax%20Demand Top Stories By Rasheela Basheer – On March 21, 2022 6:03 am While quashing a service tax demand, the CESTAT, Ahmedabad bench has held that the
Income Tax Practitioner misled Assessee in making False Refund: ITAT deletes Penalty against Assessee [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/income-tax-practitioner-misled-assessee-in-making-false-refund-itat-deletes-penalty-against-assessee/162053/ Clipped from: https://www.taxscan.in/income-tax-practitioner-misled-assessee-in-making-false-refund-itat-deletes-penalty-against-assessee/162053/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Practitioner Top Stories By Rasheela Basheer – On March 18, 2022 6:16 pm The Income Tax Appellate Tribunal (ITAT) Chennai bench has deleted penalty under
Mere Digital Signing on Re-Assessment Notice won’t be Valid: Allahabad High Court–TAXSCAN
Clipped from: https://www.taxscan.in/mere-digital-signing-on-re-assessment-notice-wont-be-valid-allahabad-high-court/162133/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Digital%20Signing Top Stories By Rasheela Basheer – On March 18, 2022 8:10 pm A division bench of the Allahabad High Court has held that mere digitally signing
Contract enforcement: Key to Ease of Doing Business – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/contract-enforcement-key-to-ease-of-doing-business/article65238080.ece Towards faster justice delivery | Photo Credit: Marilyn Nieves However, it is equally true that for various reasons as were succinctly encapsulated in
Period of Limitation for GST Appeal suspended from 15.3.2020 to 14.3.2020: Allahabad HC directs Appellate Authority to re-consider Appeal
Clipped from: https://www.taxscan.in/period-of-limitation-for-gst-appeal-suspended-from-15-3-2020-to-14-3-2020-allahabad-hc-directs-appellate-authority-to-re-consider-appeal/161707/ Top Stories By Rasheela Basheer – On March 17, 2022 7:04 pm The Allahabad High Court has held that while considering the fact that the period
Grievances of Assessee was not Addressed: Calcutta High Court quashes Income Tax Assessment–TAXSCAN
Clipped from: https://www.taxscan.in/grievances-of-assessee-was-not-addressed-calcutta-high-court-quashes-income-tax-assessment/161145/ Top Stories By Rasheela Basheer – On March 16, 2022 7:02 am The Calcutta High Court has quashed an Income Tax assessment order for the reason
Unnecessary and redundant penalties should be taken out of the law books – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-unnecessary-and-redundant-penalties-should-be-taken-out-of-the-law-books/articleshow/90277298.cms Synopsis Global laws have adjusted to changing times. However, some draconian principles exist even today. These provisions have hampered economic growth and are
Relook the draft Mediation Bill: Some provisions will need clear definitions | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/relook-the-draft-mediation-bill-some-provisions-will-need-clear-definitions/2463151/ Some provisions will need clear definitions for certain phrases such as ‘public policy’, ‘gross impropriety’. The litigatory potential of a few other provisions
SC stays NCLAT order appointing 3 govt nominees on 63 moons board – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/sc-stays-nclat-order-appointing-3-govt-nominees-on-63-moons-board/article65212674.ece NEW DELHI, 09/04/2013: Supreme Court of India in New Delhi on April 10, 2013. Photo: S. Subramanium | Photo Credit: SUBRAMANIUM S Allows
Interest from Loan given to related party for Business purpose does not attract section 40A(2)(b) of the Income Tax Act: ITAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/interest-from-loan-given-to-related-party-for-business-purpose-does-not-attract-section-40a2b-of-the-income-tax-act-itat/159672/ Clipped from: https://www.taxscan.in/interest-from-loan-given-to-related-party-for-business-purpose-does-not-attract-section-40a2b-of-the-income-tax-act-itat/159672/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Interest Top Stories By Rasheela Basheer – On March 10, 2022 11:22 pm The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the
A Director not involved in Day-to-Day Affairs of Company cannot be Prosecuted for Cheque Bounce Cases: Allahabad HC [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/a-director-not-involved-in-day-to-day-affairs-of-company-cannot-be-prosecuted-for-cheque-bounce-cases-allahabad-hc/159879/ Clipped from: https://www.taxscan.in/a-director-not-involved-in-day-to-day-affairs-of-company-cannot-be-prosecuted-for-cheque-bounce-cases-allahabad-hc/159879/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Cheque%20Bounce%20Cases Top Stories By Taxscan Team – On March 11, 2022 3:08 pm The Allahabad High Court has held that a director, who is not
SC stays NCLAT order appointing three govt nominees on 63 moons board – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/sc-stays-nclat-order-appointing-three-govt-nominees-on-63-moons-board/article65210641.ece NEW DELHI, 09/04/2013: Supreme Court of India in New Delhi on April 10, 2013. Photo: S. Subramanium | Photo Credit: SUBRAMANIUM S Allows
PNB locker claim settlement: How claims settlement will work after death of locker hirer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/pnb-locker-claim-settlement-how-claims-settlement-will-work-after-death-of-locker-hirer/articleshow/90116624.cms Synopsis PNB has a simplified policy and procedure in place to help with the settlement of claims for deposits, locker contents left in
Taxation of Income from House Property–TAXSCAN
Clipped from: https://taxguru.in/income-tax/taxation-income-house-property.html?utm_source=feedburner&utm_medium=email INTRODUCTION Taxation of House Property in India is governed by Income Tax Act,1961. Owning a house one day, everybody dreams of this, saves
RBI clarifies on mode of receipt of complaints under RBI Integrated Ombudsman Scheme 2021–TAXSCAN
Clipped from: https://taxguru.in/rbi/rbi-clarifies-mode-receipt-complaints-rbi-integrated-ombudsman-scheme-2021.html?utm_source=feedburner&utm_medium=email Reserve Bank of India Reserve Bank clarifies on the mode of receipt of complaints under Reserve Bank – Integrated Ombudsman Scheme 2021(RB-IOS) Instances
Second amendment to LLP Rules will ease procedural burden: Experts | Business Standard News
lipped from: https://www.business-standard.com/article/pf/second-amendment-to-llp-rules-will-ease-procedural-burden-experts-122030801548_1.html At the time of incorporation, five can be appointed designated partners According to the Economic Survey 2021-22, India has 83 unicorns. Of these, 44 were
Thank you, Justice | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/justice-akil-kureshi-remarks-on-judicial-independence-and-the-collegium-strike-many-chords-7804088/ Justice Akil Kureshi’s remarks on judicial independence and the collegium strike many chords. Hope his colleagues heard him The government may have had
aniltikotekar4sme.com 