Income Tax

Summons issued to persons for personal attendance under section 131 of the Income Tax Act 2 min read

• Income Tax

Summons issued to persons for personal attendance under section 131 of the Income Tax Act

9 years ago

Section 131 of the Income Tax Act provides power to the income tax authorities to summon witnesses,  to force production of books of account and other documents as well as... Read More

How to file the income tax return of a deceased assessee? 4 min read

• Income Tax

How to file the income tax return of a deceased assessee?

9 years ago

If an assessee dies intestate, that is without making a will, his return of income tax can still be filed by his legal heirs and... Read More

All about reopening of assessment 3 min read

• Income Tax

All about reopening of assessment

9 years ago

Reassessment is one of the vital weapons in the hands of the Income Tax Department which empowers the Assessing Officer to reassess the income, turnover... Read More

The distance of an “agricultural land” should be calculated from the approach road 5 min read

• Income Tax

The distance of an “agricultural land” should be calculated from the approach road

9 years ago

The Hon’ble High Court at Delhi on 14.09.2015 in the case of Commissioner of Income Tax (Appellant) vs. Sri Vijay Singh Kadan (Respondent) being ITA... Read More

Revision of Tax Audit Report 2 min read

• Income Tax

Revision of Tax Audit Report

9 years ago

Generally, there is no provision regarding revision of a tax audit report. But if an assessee changes the financial statement, a new tax audit report... Read More

Longer time taken by Income Tax Department does not deny Assessee right to Interest on Tax Refund 3 min read

• Income Tax

Longer time taken by Income Tax Department does not deny Assessee right to Interest on Tax Refund

Aditijh 9 years ago

An assessee claiming refund is fully eligible for the payment of Interest when the department has taken longer time by calling the additional documents for... Read More

Section 269SS and section 269T do not apply to share application money 2 min read

• Income Tax

Section 269SS and section 269T do not apply to share application money

9 years ago

The Madras High Court has recently held in the case of the Commissioner of Income Tax vs. Ms. Pride Remedies Private Ltd. 2014 (12) TMI... Read More

Penalty Under Various Section of Income Tax As Per Union Budget 2015-16 5 min read

• Income Tax

Penalty Under Various Section of Income Tax As Per Union Budget 2015-16

9 years ago

Section of the ITA Kind of default Penalty that can be levied 140A (3) If one fails to pay in part or whole ofHis self... Read More

What is the Time Limit for re-opening Assessment Proceedings? 2 min read

• Income Tax

What is the Time Limit for re-opening Assessment Proceedings?

9 years ago

Reopening of assessment proceedings: Section 147 of the Income Tax Act deals with re-opening of concluded assessment proceedings. The Assessing Officer is entitled to make... Read More

High Court allows filing the revised return after service of intimation under section 143(1) 3 min read

• Income Tax

High Court allows filing the revised return after service of intimation under section 143(1)

9 years ago

The Kolkata High Court in the case of Tata Metaliks Ltd. vs. C.I.T. III, Kolkata, being ITA No. 301 of 2005, has held that an... Read More