[ad_1] Section 263 Revision Cannot Be Based on “Deeper Inquiry” | ITAT Draws Clear Line between No Inquiry and Inadequate Inquiry In a significant ruling on the scope of revisionary powers under the Income-tax…
[ad_1] A relief has been given by the Gauhati High Court to a registered taxpayer, Sama YangfoSon of Shri Gumkap Yangfo, whose GST registration was cancelled because of not filing the returns. The applicant, Sama…
[ad_1] ICAI Announces One-Time Window to Convert Exhausted Exemption into Permanent for CA Final StudentsThe Institute of Chartered Accountants of India has issued important guidelines regarding the permanent exemption for CA Final students. This rule…
[ad_1] ITAT Quashes Reassessment Based on ‘Borrowed Satisfaction’, Grants Relief in Rs 1.59 Crore Penny Stock CaseThe ITAT Ahmedabad held that an assessment reopening based on general information rather than independent verification is unjustified and…
[ad_1] Unexplained Cash Deposits: ITAT Ahmedabad Grants Relief to Small Homemade Food BusinessThe Income Tax Appellate Tribunal, Ahmedabad bench, gave the decision in favour of the assessee (Hiralben Jineshbhai Bavis). The Tribunal held that the…
[ad_1] HC Allows Deduction of Penal Rent from Gratuity for Unauthorised Retention of Company QuarterThe dispute arose after an employee of Eastern Coalfields Limited retired in June 2022 but continued to occupy the company-allotted residential…
[ad_1] HC Quashes Penalty u/s 270A where claim was based on binding jurisdictional precedent at time of ITR filingThe petitioner, GM Modular Private Limited, filed its return for AY 2019-20 declaring income of Rs. 70.11…
[ad_1] Matrimony.com Faces GST Penalty Orders Across Four States; Files Legal AppealMatrimony.com Limited has informed the National Stock Exchange of India Ltd under Regulations 30 (3) & (4) of the SEBI (Listing Obligations and Disclosure…
[ad_1] Search Assessment u/s 153A Fails Without Fresh Incriminating Material | ITAT Strikes Down Additions Based on ED Evidence & Mechanical Approval u/s 153D Search assessments under the Income-tax Act are often perceived as…
[ad_1] If the investment is yours, the exemption is yours—even if the property is registered in someone else’s name: Section 54F exemption allowed even if Property Registered in others name In a significant and practical…
