Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the unexplained credit will uphold when there is no proof proving the enhanced amounts that are liable to pay. The taxpayer, M/s. Mahamaya Exports Pvt. Ltd. questioned the Commissioner of Income Tax (Appeals)-31 [CIT (Appeals)] New Delhi, on 20.12.2017 for the assessment year […]
Against the dead person, the Bombay High Court ruled that a reassessment notice is not valid until the legal representatives submit to the jurisdiction of the Assessing Officer without lifting any protest. The division bench of Justice Dhiraj Singh Thakur and Justice Valmiki Sa Menezes, the legal representatives do not give their right for the […]
A Division Bench of the Delhi High Court ruled a notice which has been filed under Section 148 of the Income Tax Act, 1961 would be provided to an unrelated email address that does not include the proper service of notice. The impugned notice would have been made and provided to dispatch via electronic mail […]
The Income Tax Appellate Tribunal (ITAT), Delhi bench headed via Mr Challa Nagendra Prasad, Judicial Member has discarded the imposition of penalty under section 271(1)(c) without citing a specific charge in the notice issued under section 274. The petitioner, Mr Atul Kumar Bansal has furnished a petition with respect to the confirmation of the imposition […]
The Pune bench of the Income Tax Appellate Tribunal (ITAT), the interest on income tax cannot be permissible as a deduction under section 40(a)(ii) of the Income Tax Act, 1961. The taxpayer, Rajendra Sukhdev Mirgane, is a Builder and Contractor who filed the income return showing a total income of Rs 2.18 cr. At that […]
In this article, we are giving a deep explanation about intimations under income tax section 245 for outstanding tax demand. Through the assistance of E-filing of income tax returns (ITR), it is simpler for the assessee and the tax department to file the taxes. The processing of ITRs, providing intimation under Section 143(1), furnishing the […]
Supporting the impact of higher import duties on solar modules and cells, the government has started providing incentives to the domestic solar industry. But it seems that there is no intention of the government to provide tax relief to the importers of solar modules, for support, the government is open to validating the workable plans […]
What is the New Foreign Tax Credit (FTC)? Furnishing relief to the assessee for the case of claiming the Foreign Tax Credit (FTC), the Central Board of Direct Taxes (CBDT) has changed Rules 128 of the Income Tax Rules 1962. Before the revision, the assessee can exclusively avail of FTC, via furnishing Form 67 including […]
The CBDT extended the due date for filing of online ITR for the individual assessment year 2025-26 till 16th September 2025(revised). The assessee qualified for a refund in the case of surplus tax payment. The same might comprise the instances in which employers deduct higher income tax from salaried employees because of wrong calculations or […]
