Kerala High Court rules against ICAI on Retired CA 's Right to Practice [Read Judgment]
The Kerala High Court while ruling against the Institute of Chartered Accountants of India (ICAI) on retired CA's right to practice, held that the...
![No Addition to be made merely on the basis of Dumb documents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Dumb-documents-ITAT-Taxscan.jpg "No Addition to be made merely on the basis of Dumb documents: ITAT [Read Order]")
![Exemption Notifications to be interpreted strictly: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Exemption-Notifications-ITAT-taxscan.jpeg "Exemption Notifications to be interpreted strictly: ITAT [Read Order]")
![Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Revisional-Power-CITA-reasoning-Invalid-ITAT-Taxscan.jpeg "Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]")
Relief to Reliance: Deductions for Profits and Gains from Industrial Undertakings not to be confined to 'Business Income' Only, rules Supreme Court
The Supreme Court of India has ruled that the Deductions for profits and gains from industrial undertakings under Section 80-IA must not be confined to 'Business Income' only. The Assessing...
Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while quashing the Assessment Order reiterated that the assessment without issuance of notice under section 143(2) is void ab-initio. The...
![Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Assessment2.jpg "Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]")
Depreciation allowable on Machineries kept ready for Use: ITAT allows Relief since Non-Usage of Machineries due to reasons beyond the control of Assessee
The Income Tax Appellate Tribunal (ITAT), Chennai Bench while allowing the relief since non-usage of Machineries due to reasons beyond the control of assessee held that the depreciation allowable on...
Adjudicating Authority doesn’t become functus officio on expiry of 180 days from the order of Provisional Attachment unless such order is confirmed PMLA: Calcutta HC
The Calcutta High Court held that the adjudicating authority does not become functus officio on expiry of 180 days from the order of provisional attachment unless such order is confirmed Prevention...
Businesses approach Gujarat High Court to extend Income Tax, GST Due Dates or Relax Late Fee amid Pandemic
In the wake of the second all-India surge of the covid-19 pandemic devasting the economy, the Association of Industries & Institutions and A.S Construction has filed a writ petition before the...
