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Income Tax Act

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Mistake On Part Of AO Resulting In Under Assessment Of Income No Ground To Re-Open Assessment U/S 147 Of Income Tax Act: Delhi HC

Mistake On Part Of AO Resulting In Under Assessment Of Income No Ground To Re-Open Assessment U/S 147 Of Income Tax Act: Delhi HC

11 Nov 2024 10:30 AM IST

No Basis For Reassessment If Nature & Source Of Receipts Are Verified, AO Doesnt Find Any Contradictory Evidence: Delhi High Court

No Basis For Reassessment If Nature & Source Of Receipts Are Verified, AO Doesn't Find Any Contradictory Evidence: Delhi High Court

6 Nov 2024 4:20 PM IST

Once Income From AOP/BOI Is Included In Assessees Taxable Income, Any Post-Tax Share Received Cannot Be Taxed Again: Madhya Pradesh High Court

Once Income From AOP/BOI Is Included In Assessee's Taxable Income, Any Post-Tax Share Received Cannot Be Taxed Again: Madhya Pradesh High Court

6 Nov 2024 3:40 PM IST

Assessment Order Passed Before Expiry Of Time To File Reply Is Liable To Be Set Aside: Kerala High Court

Assessment Order Passed Before Expiry Of Time To File Reply Is Liable To Be Set Aside: Kerala High Court

28 Oct 2024 8:30 PM IST

Condonation Of Delay Application Should Focus On Sufficient Reason, Not Merits Of Claim U/S 119(2)(B) Of Income Tax Act: Kerala High Court

Condonation Of Delay Application Should Focus On Sufficient Reason, Not Merits Of Claim U/S 119(2)(B) Of Income Tax Act: Kerala High Court

28 Oct 2024 8:00 PM IST

Notice U/S 271(1)(c) Of IT Act Must Specify Whether Penalty Is Against Concealment Of Income Or Furnishing Incorrect Income: J&K High Court

Notice U/S 271(1)(c) Of IT Act Must Specify Whether Penalty Is Against 'Concealment' Of Income Or Furnishing 'Incorrect' Income: J&K High Court

23 Oct 2024 6:00 PM IST

S.245 IT Act | TDS Deducted By Employer Cant Be Adjusted Against Assessees Future Refund: Delhi High Court

S.245 IT Act | TDS Deducted By Employer Can't Be Adjusted Against Assessee's Future Refund: Delhi High Court

22 Oct 2024 6:00 PM IST

S.10(23G) IT Act | Capital Invested To Purchase Shares Of Infrastructure Facility Before June 1998 Cant Be Included In Total Income: Telangana HC

S.10(23G) IT Act | Capital Invested To Purchase Shares Of 'Infrastructure Facility' Before June 1998 Can't Be Included In Total Income: Telangana HC

22 Oct 2024 5:30 PM IST

Sales Commission Paid To Overseas Subsidiary For Non-Technical Services Is Not FTS, Does Not Attract TDS Liability U/S 195: Bangalore ITAT

Sales Commission Paid To Overseas Subsidiary For Non-Technical Services Is Not 'FTS', Does Not Attract TDS Liability U/S 195: Bangalore ITAT

22 Oct 2024 2:00 PM IST

Employee Working Beyond Banking Hours May Be Classified As Violation Of Banking Rules, But No Basis To Assume Additional Income: Delhi ITAT

Employee Working Beyond Banking Hours May Be Classified As Violation Of Banking Rules, But No Basis To Assume Additional Income: Delhi ITAT

21 Oct 2024 1:00 PM IST

Current Transactions Pertaining To Conveyance Expenses Incurred By Holding Company On Behalf Of Subsidiary Is Not Deemed Dividend: Delhi ITAT

Current Transactions Pertaining To Conveyance Expenses Incurred By Holding Company On Behalf Of Subsidiary Is Not Deemed Dividend: Delhi ITAT

21 Oct 2024 12:00 PM IST

Ahmedabad ITAT Deletes Addition Of Decentralized Govt Grants Merely Routed Through Assessee, Directly Utilized By Other Govt Agencies

Ahmedabad ITAT Deletes Addition Of Decentralized Govt Grants Merely Routed Through Assessee, Directly Utilized By Other Govt Agencies

21 Oct 2024 11:00 AM IST