Partnership firm is one of the most common and easy modes of starting the business jointly with other persons. However, Partnership firms...

The Calcutta High Court held that the reassessment proceedings initiated beyond the limitation period are not sustainable. The...

The Madurai Bench of Madras High Court presided by Mr. Justice M. Nirmal Kumar has quashed the assessment order passed without giving a...

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the “true copies” submitted before the income tax authorities do...

The Maharashtra Tax Practitioner’s Association (MTPA) has requested Union finance minister Smt. Nirmala Sitharaman to clarify levy of...

No Penalty u/s 271C when delay in filing appeal occurred due to ambiguity on direction contained in statutory document, so was held by...

The Ministry of Company Affairs (MCA) has amended the Companies (Removal of Names of Companies from the Register of Companies) Rules,...

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan to the Director due to urgent need of finance in the...

The Central Board of Direct Taxes (CBDT) has notified the conditions and for availing income tax deduction for the expenses incurred on...

The Delhi bench Income Tax Appellate Tribunal (ITAT) ruled that TDS credit on accrued income is allowable if it was not claimed in...

The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of Rs. 5,000 on the assessee for non-compliance of the...

The Income Tax Appellate Tribunal (ITAT), Surat bench comprising Shri Pawan Singh, JM & Dr. A.L.Saini, AM has allowed a claim of TDS...

The Kolkata Bench, of the Income Tax Appellate Tribunal (ITAT), has held that the sale of agricultural land does not amount to capital...

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench has held that mere disallowance of the claim under section 54F will not attract...

The Madurai Bench of Madras High Court presided by Mr. Justice M. Nirmal Kumar has held that demand of tax, interest, and penalty in Form...

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax appeal is not maintainable once Insolvency...

The Income Tax Appellate Tribunal (ITAT), New Delhi hold that the assessee is eligible for registration under Section 12AA by ruling that...

The Madras High Court, while upholding the validity of the show-cause notice issued by DGGI officers held that these officers are...

1st July 2022 was a significant day for the taxpayers as some new important changes have been made in the Income Tax Act, 1961 which may...

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the TDS credit cannot be denied to the assessee due to...