The tribunal held that failure to consider relevant documents denied proper adjudication. It set aside the orders and allowed fresh examination of compliance ...
Only TDS Component Taxable When Assessee Acts as Facilitator; Section 57 Disallowance Partly Deleted
The tribunal held that claiming TDS credit creates presumption of income in the assessee’s hands. The key takeaway is that TDS benefit must be explained or it becomes ...
GE T&D India Ltd announced that it has secured orders worth approximately Rs 370 crore from Power Grid Corporation of India. (Image/Reuters) The Income Tax department has prescribed a ceiling of Rs 1 ...
https://www.thehindubusinessline.com/portfolio/personal-finance/itr-filing-why-belated-returns-and-rectification-by-assessee-may-become-a-thing-of-the-past ...
New Delhi, Jul 19 () The Delhi High Court has directed CBI probe into the authenticity of an email after the Income Tax Department, which was alleged to be the sender, claimed forgery by the assessee.
I am an administrator of the wealth of my deceased father. From the estate of my deceased father I have the following taxable income. (i) Income from banquet hall which we hire out to third parties.
The Karnataka High Court determined that Income Tax proceedings initiated posthumously against an Assessee cannot proceed against their legal representatives. This decision emerged from the dismissal ...
The income tax department in India has stated that the burden of proof to establish the creditworthiness of an investor lies with the company being assessed. This comes after several startups, ...
When eligible businesses get a statutory audit done by an independent auditor, there could be cases wherein the auditor disallows certain expenses claimed by assessees in their profit and loss (P&L) ...
The ITAT ruling underscores the importance of properly reporting ESOPs in income tax returns, particularly for foreign ...
New Delhi: The Supreme Court has held that an assessee must comply with a summons and furnish a response to a show cause notice when issued by either the Central or State tax authority. Under the ...
https://www.thehindubusinessline.com/economy/policy/no-legal-obligation-on-heirs-to-inform-it-dept-about-deceased-assessee-delhi-hc/article32117344.ece Copy The Delhi ...
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