80P Deduction Denied Due to Late Return? Tribunal Sends Case Back Pending Delay Condonation Decision
The case involved disallowance of deduction under Section 80P due to delayed return filing. The Tribunal ruled that the issue must be reconsidered after the authority decides the condonation ...
ITAT Hyderabad holds 12.5% profit estimation on ₹2.52 crore bank credits excessive; rejects commission agent claim due to ...
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.
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, ...
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 ...
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