Clipped from: https://www.business-standard.com/podcast/technology/what-is-ransomware-122032900041_1.html People, organizations and the government are always on the guard against malware. And, of the lot, ransomware is among the most notorious. Watch
Category: Legal
Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT
Clipped from: https://www.taxscan.in/partnership-firm-not-liable-to-explain-source-of-capital-introduced-by-partners-itat/164223/ Top Stories By Rasheela Basheer – On March 27, 2022 12:00 pm The Delhi bench of the ITAT, on Friday held that the partnership firm would
Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/assessing-officer-doesnt-have-jurisdiction-to-travel-beyond-issues-found-during-scrutiny-assessment-itat-quashes-revisional-order/162718/ Clipped from: https://www.taxscan.in/assessing-officer-doesnt-have-jurisdiction-to-travel-beyond-issues-found-during-scrutiny-assessment-itat-quashes-revisional-order/162718/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Scrutiny%20Assessment Top Stories By Rasheela Basheer – On March 22, 2022 2:07 pm The ITAT, Kolkata bench has recently held that the Commissioner, while invoking
Pr. Commissioner does not conduct Independent Inquiry before invoking Revisional Jurisdiction: ITAT quashes Order–TAXSCAN
Clipped from: https://www.taxscan.in/pr-commissioner-does-not-conduct-independent-inquiry-before-invoking-revisional-jurisdiction-itat-quashes-order/163893/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Pr.%20Commissioner Top Stories By Rasheela Basheer – On March 25, 2022 12:51 pm The Chandigarh bench of the ITAT, while quashing a revisional order under section 263
Re-Assessment is Invalid when Assessee disclosed All Material facts to complete Assessment: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/re-assessment-is-invalid-when-assessee-disclosed-all-material-facts-to-complete-assessment-itat/163927/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment Top Stories By Rasheela Basheer – On March 25, 2022 1:26 pm The Chennai bench of the ITAT has deleted a re-assessment passed under section 147
Failure to consider Objections of Assessee: Calcutta HC quashes Revision Order-TAXSCAN
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,
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
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