The Allahabad High Court has held that Form 10 under Income Tax Rules, 1961 supplied after limitation but before completion of assessment has to be considered. M/S Maa Bhagwati Shiksha Samiti, the petitioner is a

The Surat  Bench of Income Tax Appellate Tribunal (ITAT) has  held that the Internet subscription expenses incurred for members of housing society are not eligible for deduction under Section 57 of Income Tax Act, 1961.

The Pune Income Tax Appellate Tribunal (ITAT) has recently held that the difference between amounts shown in Form No.26AS and reflected in Profit and Loss Account could not be brought to Income Tax. Assessee Kritija

The Income Tax Appellate Tribunal (ITAT), Rajkot bench has held that theprovisions of section 172 of the Income Tax Act, 1961 relating to levy andrecovery of tax from foreign shipping companiesdoes not cover payments to

The Income Tax Appellate Tribunal (ITAT) in the PwC case held that dividend-bearing securities should be considered for disallowance under Rule 8D(2)(iii) of the Income Tax Rules. The appellant PricewaterhouseCoopers Private Limited is in the

The Madras High Court quashed the addition of Rs. 23 Crores under section 68 of the Income Tax Act, 1961 as it was added without any evidence. The Court remanded the matter for reconsideration by

In a significant ruling the Madras High Court observed that Tax Recovery Officer under the Income Tax Act, 1961 is not empowered to declare sale made in favour of third party as void. As the

The Supreme Court dismissed a special leave petition (SLP) in a matter regarding the ruling concerning the reimbursement of service tax not to be included in aggregate of amounts in clauses (a) and (b) of

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) in the case Income Tax Officer v. M/s Escorts Cardiac Disease Hospital Society wherein held that Income Tax exemption allowable on sponsorship receipt received

Justices Antony Dominic and Dama Seshadri Naidu of Kerala High Court, in CIT v. M/S Flytxt Technology P. Ltd. Technopark Campus, Kariavattom, held that exemption under section 10B of the Income Tax cannot be a

The GSTR 9C is an annual audit form for all the taxpayers having the turnover above 2 crores in a particular financial year. Along with the GSTR 9C audit form, the taxpayer will also have

The Chhattisgarh High Court in M/s. Ardent Steel Limited vs. ACIT & Anr. held that reassessment proceeding must be initiated within the time limit prescribed under Section 149(1)(b) of the Income Tax Act, 1961. The

In Stockpoint Share Services Private Ltd v. ACIT, Justices Antony Dominic and Dama Seshadri Naidu of Kerala High Court held that in order claim deduction in respect to bad debts under section Section 36(1)(vii) of

The Income Tax Appellate Tribunal (ITAT), Mumbai bench held that interest income received from cooperative banks is eligible for a claim of deduction under section 80(2)(d) of the Income Tax Act, 1961. The assessee, Chetak

The Ministry of Finance on February 12th has notified a new set of rules called the Tribunal, Appellate Tribunal, and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules, 2020. The government