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![Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Liability-of-Directors-TAXSCAN.jpg "Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]")
Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) while upheld the notice issued under Section 148 of the Income Tax Act,1961 observed...
![ESOP Expenses are allowable expenditure u/s 37(1) of Income Tax Act: ITAT grants relief to HDFC Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-HDFC-Bank-ESOP-taxscan.jpg "ESOP Expenses are allowable expenditure u/s 37(1) of Income Tax Act: ITAT grants relief to HDFC Bank [Read Order]")
![ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-ITAT-on-donation-deduction-Donation-taxscan.jpg "ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]")
![Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-HDFC-Bank-Credit-card-services-taxscan.jpg "Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]")
![ITAT directs Re adjudication with respect to Source Of Money Trail related to Unsecured Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Source-Of-Money-Trail-TAXSCAN.jpg "ITAT directs Re adjudication with respect to Source Of Money Trail related to Unsecured Loan [Read Order]")
Income Tax Returns: CBDT notifies Changes in ITR Form V and Acknowledgement for AY 2024 25 as per Budget 2023 amendments in IT Act and Income Tax Rules [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has notified the changes in Income Tax Return Form V ( ITR-V ), in line with the Finance Act, 2023. Notably, the Central Board of Direct Taxes ( CBDT )...
![Income Tax Returns: CBDT notifies Changes in ITR Form V and Acknowledgement for AY 2024 25 as per Budget 2023 amendments in IT Act and Income Tax Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Returns-CBDT-Changes-ITR-Form-V-Acknowledgement-for-AY-2024-25-Budget-2023-IT-Act-and-Income-Tax-Rule-taxscan.jpg "Income Tax Returns: CBDT notifies Changes in ITR Form V and Acknowledgement for AY 2024 25 as per Budget 2023 amendments in IT Act and Income Tax Rules [Read Notification]")
CBDT notifies Income Tax Exemption to ‘National Mission for Clean Ganga’ u/s 10(46) of Income Tax Act [Read Notification]
The Central Board of Direct Taxes (CBDT), vide notification no. S.O. 1545(E) dated 26th March 2024 has officially declared the 'National Mission for Clean Ganga' as eligible under clause (46) of...
![CBDT notifies Income Tax Exemption to ‘National Mission for Clean Ganga’ u/s 10(46) of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/CBDT-Income-Tax-Exemption-National-Mission-for-Clean-Ganga-us-1046-of-Income-Tax-Act-TAXSCAN.jpg "CBDT notifies Income Tax Exemption to ‘National Mission for Clean Ganga’ u/s 10(46) of Income Tax Act [Read Notification]")
Mere Variance in Allowable Deductions not Ground to Believe Assessee Furnished Inaccurate Particulars of Income: Delhi HC [Read Order]
In a recent decision, the Delhi High Court observed that mere variance in allowable deductions not ground to believe assessee furnished inaccurate particulars of income. Assessee-respondent, a...
![Mere Variance in Allowable Deductions not Ground to Believe Assessee Furnished Inaccurate Particulars of Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Delhi-High-Court-Income-Tax-Delhi-High-Court-tax-deductions-taxscan.jpg "Mere Variance in Allowable Deductions not Ground to Believe Assessee Furnished Inaccurate Particulars of Income: Delhi HC [Read Order]")
![Average Income to be Considered when Variations detected in ITR Filed by Claimant: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITR-Filed-taxscan.jpeg "Average Income to be Considered when Variations detected in ITR Filed by Claimant: Karnataka HC [Read Order]")