Share application money pending allotment
Before the Tribunal in [2023] 32 ITR (Trib)-OL 253 (ITAT[Mum]) the bench had to decide whether the share application money…
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Today's
All transactions in shares of penny stock company are not sham transactions ......Read More
Yesterday's Technical objections have no place in appeal proceedings ......Read More
Yesterday's Technical objections have no place in appeal proceedings ......Read More
Whether the appellate Court or Tribunal can admit alternative claim in appeal ?
The Calcutta High Court in Roma Gupta case @ (2016] 385 ITR 663 (Cal) was confronted with an appeal by…
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Even before the closing time limit of filing the reply in response to notice , the assessment orders were passed…
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Vide Case Reference: [2022] 447 ITR 585 (All) the instructions issued by the board u/s 119 need to be implemented…
......Read MoreDepartment has no authority to withhold credit of TDS deductions- this SC decision unfolds the crucial connect between TDS compliance and penalty
At source amount of deduction of tax has a purpose to release it to the account of deductee immediately upon…
......Read MoreMis-utilisation of funds may risk exemption
Income-tax is a welfare legislation for it provides exemptions to charitable trusts etc. However all said and done charity and…
......Read MoreJurisdiction basis
Under the law the AO would get jurisdiction over the return of income filed by the assessee only upon service…
......Read MoreDomain name Regd , web hosting and sponsorship fee
Domain name registration and web hosting are not covered in royalty ambit. Likewise sponsorship fees for hosting conference is not…
......Read MoreSocial media posts
Some social media posts these days mention that starting AY 2023-24 , the income tax department will conduct the strictest…
......Read MoreHow to fight a case for stay of demand ?
In a demand case scenario all these years the taxpayer move the Assessing Officer as well the Principal Commissioner simultaneously.…
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