Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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Amruta Organics Pvt Ltd vs. DCIT

No penalty under section 271(1) (c) in case of concealment of income due to “bonafide mistake” by an assessee

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee 2 min read

Income Tax

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee

soutrikjoy 8 years ago

Penalty u/s 271(1)(c) cannot be levied where there is a bonafide mistake made by the assessee without any intention to evade tax. This was declared... Read More

employer can forfeit gratuity of an employee in case of moral turpitude

Employer can forfeit gratuity of an employee in case of moral turpitude 4 min read

Income Tax

Employer can forfeit gratuity of an employee in case of moral turpitude

Rajbir Chawla 2 hours ago

The Impact of the New Tax Bill on Dairy and Farming Income

Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 4 min read

Income Tax

Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income

Rajbir Chawla 6 days ago

Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure

Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 5 min read

Income Tax

Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure

Rajbir Chawla 2 weeks ago

Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act

Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act 4 min read

Income Tax

Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act

Rajbir Chawla 2 months ago