Income Tax

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December 31, 2021

New Faceless Appeal Scheme 2021 – 10 things to know

Editorial Team, dated 30-12-2021 During … Continue reading “New Faceless Appeal Scheme 2021 – 10 things to know”

Blog, News, Income Tax

December 30, 2021

CBDT provides one-time relaxation to verify e-filed returns; ITRs filed for AY 2020-21 can be verified by 28-02-2022

Circular no. 21/2021, dated 28-12-2021 … Continue reading “CBDT provides one-time relaxation to verify e-filed returns; ITRs filed for AY 2020-21 can be verified by 28-02-2022”

News, Blog, Income Tax

December 30, 2021

CBDT notifies Faceless Appeal Scheme, 2021; CIT(A) is bound to allow request for personal hearing

Notification No. 139/2021, dated 28-12-2021 … Continue reading “CBDT notifies Faceless Appeal Scheme, 2021; CIT(A) is bound to allow request for personal hearing”

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December 29, 2021

CBDT notifies Rule 2DD for computation of exempt income of specified fund u/s 10(23FF)

Notification No. 138/2021, dated 27-12-2021 … Continue reading “CBDT notifies Rule 2DD for computation of exempt income of specified fund u/s 10(23FF)”

Blog, News, Income Tax

December 29, 2021

First year completion of faceless assessment regime – Hit or a miss, the journey so far

Arjun Khandelwal & Rahul Valiramani … Continue reading “First year completion of faceless assessment regime – Hit or a miss, the journey so far”

Blog, News, Income Tax

December 28, 2021

No sec. 43B disallowance if interest was recovered by debiting cash credit account of assessee: ITAT

Case Details: Iceberg Foods Ltd. … Continue reading “No sec. 43B disallowance if interest was recovered by debiting cash credit account of assessee: ITAT”

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December 27, 2021

Critical appraisal of penal provisions of Income-tax Act, 1961

V. K. SUBRAMANI – [2021] … Continue reading “Critical appraisal of penal provisions of Income-tax Act, 1961”

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December 27, 2021

ITAT defines meaning of ‘set aside’; AO can’t do fresh assessment if assessment order was set aside by ITAT

Case details: Jaya Prakash v. … Continue reading “ITAT defines meaning of ‘set aside’; AO can’t do fresh assessment if assessment order was set aside by ITAT”

Blog, News, Income Tax

December 24, 2021

No writ can be filed against assessment order which was pending for consideration before Appellate Authority: HC

Case Details: Agrawal Global Infratech … Continue reading “No writ can be filed against assessment order which was pending for consideration before Appellate Authority: HC”

Blog, News, Income Tax

December 22, 2021

Madras HC directs AO to consider refund claim application filed by assessee after 6 years

Case Details: R. Pannerselvam v. … Continue reading “Madras HC directs AO to consider refund claim application filed by assessee after 6 years”