ITAT Ahmedabad held that disallowance under section 56 (2) (viib) of the Income Tax Act sustained due to wide fluctuation in value of share within a period of less than 5 months and that too within ...

ITAT Kolkata held that denial of concessional tax rate benefit under section 115BAC of the Income Tax Act merely for delayed filing of form no. 10IE not justifiable since the substantial justice ...

ITAT Mumbai held that disallowance of entire expenses alleging that assessee has not started its business activity till date ...

The Supreme Court held that Section 17 (5) (d) should be interpreted in alignment with the GST law’s purpose of avoiding the cascading effect of taxes. It was held that the section was intended to ...

Amex has built its image as a luxury card issuer whose cards symbolize status. They don’t rely on earning through fines and penalties but rather through high commissions (more on this in some other ...

2. That, the notice under Section 263 and impugned order under Section 263 of the Act are issued/passed in the name of dead person and as such the notice issued and order passed under Section 263 of ...

Chhattisgarh High Court granted bail as no incriminating has been recovered at the instance of the present applicant in the ...

In a recent ruling Delhi HC remanded the proceedings to the AO to consider the Assessee’s alternate claim for loss arising out of the HTM securities, as loss under the head ‘income from business and ...

जीएसटी परिषद की 55वीं बैठक 21 दिसंबर 2024 को जैसलमेर (राजस्थान) में हुई, जिसमें विभिन्न सिफारिशें की गईं, जिनमें अन्य बातों के साथ-साथ सीजीएसटी/आईजीएसटी कानून में प्रस्तावित बदलाव, नियम, स्पष्टीकरण और ...

ITAT Delhi held that benefit of section 115AAB of the Income Tax Act availed in the preceding year cannot be denied in subsequent year on the reason of non-filing of prescribed Form 10IC. Accordingly, ...

Kerala High Court held that the initiation of proceedings against a dead person under Sections 148A (b) and 148 of the Income Tax Act are illegal and ‘ non-est ‘. Accordingly, appeal allowed.

ITAT Ahmedabad held that since the assessee, being an agriculturist was not well versed with tax proceedings, was unable to file required documents against addition on account of unexplained cash ...