High Court Dismisses Petition Challenging Notification No. 56/2023 Due to Availability of Alternative Remedy Under Section ...

9. Pursuant to the order of the Delhi High Court dated 5th September, 2016 in P. (C) 7851/2016, the Deputy Commissioner ...

In the matter abovementioned ITAT deleted additions u/s 69A made on account of cash deposit during demonetization after ...

Andhra Pradesh High Court has set aside an unsigned GST assessment order issued to Sandhya Constructions for the period ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

15. Since the Assessing Officer may not have required any further clarification, no video conferencing opportunity was granted to the Petitioner. Again, based on this material, we cannot hold that ...

In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the ...

The court highlighted that the concealment of material facts, coupled with the timing and arrangement of the transactions, justified the imposition of the penalty under Section 271 (1) (c). It ...

Sections 147/148 remain applicable if AO opts not to invoke Section 153C: ITAT Mumbai upholds addition under Section 68 of ₹4.89 Cr.

How is Cost Inflation Index used in Income Tax? Long term capital assets are recorded at cost price in books. Despite increasing inflation, they exist at the cost price and cannot be revalued. When ...