Income Tax

Delay in filing of Appeal by the Income Tax Department- Not acceptable to the HC 3 min read

• Income Tax

Delay in filing of Appeal by the Income Tax Department- Not acceptable to the HC

Diksha Garg 8 years ago

High court has made it clear that will not accept the Delay in filing of appeal by the Income Tax Department. Find out in detail below... Read More

IT – Has Directed that Revised Income Return through Condonation Will not be Viewed 2 min read

• Income Tax

IT – Has Directed that Revised Income Return through Condonation Will not be Viewed

Diksha Garg 8 years ago

Revised Income Return through the process of condonation does not imply its content acceptable: The case: The court has to decide whether it comes under... Read More

NAFED v. ITAT – Special Bench Verdict to Claim the Expense Despite Stay by the Same Court 3 min read

• Income Tax

NAFED v. ITAT – Special Bench Verdict to Claim the Expense Despite Stay by the Same Court

Diksha Garg 8 years ago

 NAFED (National Agricultural Cooperative Marketing Federation of India Limited) and Alimenta, Switzerland entered into a Contract on 12th January 1980 (Financial year-1979-80) and 3rd April 1980 (Financial... Read More

Top Secrets for Income Tax Planning in Legally permissible ways 5 min read

• Income Tax

Top Secrets for Income Tax Planning in Legally permissible ways

Rajbir Chawla 8 years ago

No one likes to pay too much of tax on their hard-earned money and thus, tax planning is the essential thing that every taxpayer must... Read More

How to get PAN Reactivated- what to do to respond to IT-department? 2 min read

• Income Tax

How to get PAN Reactivated- what to do to respond to IT-department?

Akanksha 8 years ago

Deactivated PAN can be a matter of concern for many Income Tax assesses since it is the fastest way to communicate with the Income Tax... Read More

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AOP not considered as an individual or HUF for the purpose of section 56(2) (vi) 2 min read

• Income Tax

AOP not considered as an individual or HUF for the purpose of section 56(2) (vi)

Manager 8 years ago

The ITAT Delhi in the case of Mridu Hari Dalmia Parivar Trust vs. Assessing Officer, Circle 31 (1) , New Delhi. – 2016 (4) TMI... Read More

The final order of an Assessing Officer cannot take benefit from the orders of subsequent litigation 3 min read

• Income Tax

The final order of an Assessing Officer cannot take benefit from the orders of subsequent litigation

Manager 8 years ago

Subsequent Litigation- Assessing Officer not to take benefit of it while framing orders A question arose recently whether a final order of an Assessing Officer... Read More

Assessing Officer should not show Undue Hurry in Completing Income Tax Assessment 3 min read

• Income Tax

Assessing Officer should not show Undue Hurry in Completing Income Tax Assessment

Manager 8 years ago

The Bench of the High Court at Ahmadabad consisting of Hon’ble Justice Mr. Akil Qureshi and Hon’ble Justice Ms. Sonia Gokani has passed a judgment... Read More

Tax Free Securities under Section 14 A and Rule 8D 3 min read

• Income Tax

Tax Free Securities under Section 14 A and Rule 8D

Manager 8 years ago

The Finance Ministry of India is responsible for the preparation and presentation of the Finance Bill every year. At the helm of financial affairs in... Read More

Mere omission cannot be treated as concealment of income 5 min read

• Income Tax

Mere omission cannot be treated as concealment of income

Manager 8 years ago

The Hon’ble Supreme court has held in the case of K.C. Builders & another vs. The Asst. Commissioner of Income Tax, J.T. 2004(2) SC 100,... Read More