DHC declined to admit Challenge to s. 148A(d) order but left a remedy to approach Statutory forums
In [2022] 20 ITR-OL 406 (Del) the Court declined to entertain the petition challenging 148A(d) order on the ground that no assessment…
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Today's
Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Payments for training not liable to withholding
The Tribunal in [2022] 99 ITR (Trib) 607 (ITAT[Bang]) held that training expenses remain out of the purview of definition of “fee for…
......Read MoreWhether Delhi High Court overstepping law by granting immunity from penalty etc., u/s 270AA
Section 270AA is specific to immunity from imposition of penalty and prosecution. Under ss.(1) the assessee would make application to…
......Read MoreWhether it is fair to tax retirement benefits!!
The income tax law in the country provide for different treatment of tax on retirement benefits such as leave encashment,…
......Read MoreJurisdiction/notice defect
The High Court in [2022] 447 ITR 743 (Bom) reiterated that even if there was an order recording satisfaction for imposing penalty…
......Read MoreTax audit celings in mixed bag of receipts from business and profession
The Court in [2022] 20 ITR-OL 488 (Bom) held that the celing of 1 cr and 50 lacs for business and…
......Read MoreSoftware expenditure, whether revenue or capital
Bengaluru is considered as the Silicon Valley of India which consumes bulk of the software purchases. The Karnataka high court…
......Read MoreTaxpayer may avail appeal remedy against section 148A(d) order to save writ costs
Prior to reopening of a case the assessing officer is required to conduct an inquiry after affording opportunity to the…
......Read MoreTravel expenses of family members of employee is personal nature expense
The Tribunal in [2022] 29 ITR (Trib)-OL 127 (ITAT[Del]) held that unless the visit of the family members of the directors had any…
......Read MoreWrong initiation
When in the assessment order, no specific finding had been found recorded by the AO as to whether it was…
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