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Income Tax Order u/s 148 unsustainable without Sanction u/s 151: Bombay HC [Read Order]

Manu Sharma

The Bombay High Court has ruled that an order issued under Section 148A(d) of the Income Tax Act, without proper sanction as required by Section 151,...

ICAI submits Representation for Income Tax Rebate in STCG u/s 111A and LTCG u/s 112

ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read...

A Road Map to File ITR For NRIs

Section 44 AD of Income Tax Act, 1961 A Complete Analysis to Presumptive Taxation Scheme

Benefit u/s 80G of Income Tax Act Cannot be Denied due to Technical Error in Making Application For Final Approval: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) held that the benefit of Section 80G of the Income Tax Act, 1961 cannot be denied due to technical errors that occurred in making the...

Karnataka HC Quashes Income Tax Reassessment Notice Issued to Non-Existing Entity [Read Order]

The Karnataka High Court has quashed the Income Tax reassessment notice issued to non-existing entities. The court held that the authorities may examine contentions raised on merits after approval of...

Income Tax Portal no longer helps Self-Filing Taxpayers! Option to ‘Help Choose ITR’ Blacked Out in Portal

The Income tax portal is not helping the self-filing taxpayers. The option to ‘‘Help me decide which ITR form to file" was blacked out. The option serves very much help to the income taxpayers who...

Underway Payments to Union Bank of India: ITAT Condones Delay of 1999 Days in Filing Appeal [Read Order]

In a ruling the Income Tax Appellate Tribunal Bangalore condoned the delay of 1999 days in filing appeal by the assessee on reasonable grounds. The assessee was held to be a non performing...

No Wrong in Jewellery kept in Maternal Family by Married Daughter: ITAT deletes Addition [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) found no wrongdoing in jewellery being kept in the maternal family by a married daughter, leading to the deletion of the related addition. ...

Kerala HC allows Income Tax Deduction to South Indian Bank on Long-Term Finance Provided for Purchase of Residential House [Read Order]

The Kerala High Court has held that the South Indian Bank is entitled to the deduction envisaged under Section 36(1)(viii) of the Income Tax Act in respect of the long-term finance provided by it for...

Kerala HC upholds Income Tax Disallowance Against Employer on Failure to Contribute To EPF/ESI Within Due Date [Read Order]

In a recent case, the Kerala High Court upheld income tax disallowance against employers on failure to contribute to Employee Provident Fund (EPF) / Employees' State Insurance (ESI) within the due...

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