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The Delhi High court bench of Justice Manmohan and Justice Subramonium Prasad ruled that the assessee can not furnish any answer beneath the faceless scheme because of the technical issues in the e-filing portal. Under Section 147 read with Section 144 of the Income Tax Act, 1961 the applicant has challenged the ex-parte to pass […]
A reassessment order has been revoked by the Calcutta High court on the basis of non-compliance of section 148A notice under the income tax act 1961 and rendered the applicant’s matric commodeal Pvt ltd to furnish the cost of Rs 5000 applicant to the Calcutta High court legal services committee. The applicant was hurt, as […]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench refused the penalty order on the basis of the notice asking that was not given to the taxpayer because of the address change. On the grounds of the data in possession of the department and post to recording the causes to believe the assessment would be reopened […]
GST @ 18% is charged and TDS @ 2% is deductible up on the Google Adwords advertisement expense. The same is essential to find out that some publishers are advertising with the help of the Google entity which is enrolled in India and some of the advertisers are doing the same with the support of […]
The ITAT Ahmedabad bench comprising Shri Waseem Ahmed, Accountant Member, and Ms Madhumita Roy, Judicial Member sees that the car hiring fees come beneath the provision of section 194I of the Income Tax Act, 1961 and the TDS is chargeable when the payment surpasses the limit of Rs. 1.8 lakhs. The assessee has a limited […]
The income tax Appellate Tribunal (ITAT), Delhi bench ruled that the penalty under sections 271D and 271E of the Income Tax Act, 1961 would not be responsible for receipt of cash loans via family members to meet business needs. The taxpayer is involved as a transporter and does not maintain the regular books of account. […]
CBDT reported the ITR forms for the AY 2022-23, with respect to FY 2021-22. But the applicability of the ITR forms for the various assessee who comes in distinct slabs does not amend, attention has been on some of the amendment. Foreign Assets Reporting Under Income Tax The schedule for FA needs to report the […]
A division bench of the Gujarat high court has refused the assessment order mentioned beneath section 144B of the income tax act, 1961 on the basis of the notice was not being furnished as well as the draft assessment. The taxpayer, M/s Symphony Ltd has to vide the letters on 30.05.2021 and 01.07.2021 corresponding fetched […]
No law has been given in the said section of section 271(1)(c) of the Income Tax Act, 1961 and is deemed incorrect by The New Delhi bench ITAT on the penalty notice under income tax issued. Penalty orders are being obtained by the taxpayer via the income tax department. Attacking the orders, the taxpayer said […]
