High Court Must Provide Clear Findings on Each Charge Against Accused While Reversing Trial Court’s Acquittal: SC ...

ITAT Bangalore held that delay in filing of an appeal due to election code of conduct and ill health of staff is sufficient cause and accordingly condonation of 25 days in filing of an appeal granted.

Madras High Court set aside the draft assessment order and remanded the matter to AO since the additional document submitted is likely to have material impact on the re-assessment proceedings. Thus, ...

This webinar is essential for anyone involved in tax management, finance, or audit. With Budget 2024 bringing new amendments, staying updated is crucial for ensuring compliance and maximizing ...

Madras High Court held that impugned order confirming demand u/s. 73 of the CGST Act and issuing bank attachment notice set aside as order was passed without giving an opportunity of being heard.

1. No Legal Impediment for Paying Rent to Spouse: There is no legal bar under the Income Tax Act in paying rent to the spouse ...

On September 19, 2024, the Government of India issued Notification No. 62/2024-Customs (N.T.) under the Customs Tariff Act, 1975, aimed at clarifying the definition of “laboratory chemicals.” The ...

ITAT Mumbai held that when the reserve/provisions created in the year where the assessee has increased the book profit u/s. 115JB of the Act, the assessee is entitled to reduce the amount withdrawn ...

In exercise of the powers conferred by clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, the Central ...

Ground no. 2 : “That, the order u/s 143 (3) r.w.s. 147 of the I.T. Act, 1961 is bad-in-law as the notice u/s 143 (2) is issued beyond the statutory time limit.” 2. This ground goes to the root of the ...

Conclusion: Since assessment order which was passed hastily without considering the taxpayer’s submission amidst the approaching deadline, the case was remitted back to the respondents to pass orders ...

ITAT Ahmedabad held that addition towards unsecured loan where loan was repaid is unsustainable, whereas, addition where assessee failed to demonstrate repayment or interest payment to creditor ...