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Tax Guru
13 小时
Deduction u/s 80P(2)(a)(i) was allowable on interest income from surplus funds in Bank Deposits
Conclusion: Interest income from bank deposits is eligible for deduction under Section 80P (2) (a) (i) as the funds in the ...
Tax Guru
13 小时
Levy of penalty u/s. 271D without recording any satisfaction untenable: Andhra Pradesh HC
Andhra Pradesh High Court held that levy of penalty under section 271D of the Income Tax Act untenable since AO didn’t record ...
Tax Guru
13 小时
Order deemed to be erroneous as passed without making necessary inquiries and verification
Delhi High Court held that CIT has rightly held that assessment order was passed without making necessary inquiries and ...
Tax Guru
13 小时
Order quashed as notice failed to state allegations relating to violation of regulation by ...
Facts- The appellant, M/s. Uniclear Logistics Pvt. Ltd., has challenged the order dated 27.10.2023 passed by the Commissioner ...
Tax Guru
13 小时
Input tax credit beyond period prescribed u/s. 16(4) needs to be re-visited post Finance ...
The present Writ Petition is filed challenging the assessment order dated 31.01.2024 for the period 2017-2018, on the premise ...
Tax Guru
13 小时
Customs and excise department doesn’t have priority over secured creditors: Madhya Pradesh HC
Madhya Pradesh High Court held that customs department and central excise department doesn’t not have priority over other ...
Tax Guru
13 小时
Income Tax Notification No. 115/2024: No TCS on RBI Payments
Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 115/2024 dated 16th ...
Tax Guru
13 小时
Karnataka HC Condones Delay in Filing ITR by 2 Hours 38 Mins & 26 Seconds
In this petition, the petitioner seeks the following reliefs: “a. Issue a writ of certiorari to quash the order ...
Tax Guru
13 小时
Madras HC Directs Consideration of CVD Exemption for Silk Imports
The petitioner seeks a direction for the amendment of 09 Bills of Entry pursuant to the petitioner’s application for ...
Tax Guru
13 小时
Income Tax Ninth Amendment Rules 2024 | CBDT Notification 114
In exercise of the powers conferred by section 295 read with section 206C of the Income-tax Act, 1961 (43 of 1961), the ...
Tax Guru
18 小时
Allahabad HC Imposes Heavy Cost on Wife for Reckless Allegations Against Husband
It would be most imperative to note that in a most significant move with very far reaching implications, the Lucknow Bench of ...
Tax Guru
13 小时
Petitioner denied Right to Explain Cash Deposit of ₹63.7 Lakhs: HC Quashes Assessment Order
The court found that the assertion of non-service of the SCN was uncontroverted and noted that the income tax department had drawn conclusions against the petitioner without giving him a chance to ...
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