Income Tax

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July 23, 2021

No disallowance just because vouchers produced by assessee as proof were handwritten: HC

Case details: V.C. Arunai Vadivelan … Continue reading “No disallowance just because vouchers produced by assessee as proof were handwritten: HC”

Blog, News, Income Tax

July 22, 2021

Assessee can raise contention before ITAT without filing cross-objections on issues related to question of law: HC

Case details: Peter Vaz v. … Continue reading “Assessee can raise contention before ITAT without filing cross-objections on issues related to question of law: HC”

Blog, News, Income Tax

July 22, 2021

HC justified reassessment as notice handed over to tenants who later forwarded it to assessee was a valid act

Case details: Perumallur Vankipuram Janardhanan … Continue reading “HC justified reassessment as notice handed over to tenants who later forwarded it to assessee was a valid act”

News, Blog, Income Tax

July 21, 2021

AO cannot deny legitimate exp. of business simply because assessee has changed its method of accounting: ITAT

Case details: DCIT v. Hinduja … Continue reading “AO cannot deny legitimate exp. of business simply because assessee has changed its method of accounting: ITAT”

Blog, News, Income Tax

July 21, 2021

Forms 15CA/15CB can be filed manually till 15-08-2021: CBDT

As per Rule 37BB, a … Continue reading “Forms 15CA/15CB can be filed manually till 15-08-2021: CBDT”

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July 19, 2021

Case studies: Computation of WDV of intangible assets and capital gains on transfer from ‘Goodwill’

Section 50 of the Income-tax … Continue reading “Case studies: Computation of WDV of intangible assets and capital gains on transfer from ‘Goodwill’”

Blog, News, Income Tax

July 19, 2021

AO cannot cancel registration unless trust not carrying on activity as per its objects: ITAT

Case details: Visakhapatnam Port Trust … Continue reading “AO cannot cancel registration unless trust not carrying on activity as per its objects: ITAT”

Blog, News, Income Tax

July 20, 2021

Society cannot seek retrospective registration by filing amended bye-laws as amended bye-laws operate prospectively: HC

Case details: CIT v. Young … Continue reading “Society cannot seek retrospective registration by filing amended bye-laws as amended bye-laws operate prospectively: HC”

Blog, News, Income Tax

July 20, 2021

Confusion over person liable to deduct tax u/s. 194Q

Finance Act, 2021 inserted Section … Continue reading “Confusion over person liable to deduct tax u/s. 194Q”

Blog, News, Income Tax

July 20, 2021

Assessee has statutory right to personal hearing; failure to grant would vitiate assessment order: Delhi HC

Case details: Balraj Hire Purchase … Continue reading “Assessee has statutory right to personal hearing; failure to grant would vitiate assessment order: Delhi HC”