Chief Justice S.J Vazifdar

High Court-Punjab Harayana - writ - Taxscan

Penalty cannot be Levied where the Assessee has relied on Legal Opinion of a Professional and there is No Tax Impact: Punjab & Haryana HC [Read Judgment]

December 19, 2016

Method of Computation prescribed u/s 80HHC(3) can be applied for determining profit/loss from Trading Goods for the purpose of s. 80IA: Punjab & Haryana HC [Read Judgment]

November 8, 2016

Income-punjab-and-haryana-high-court-tax-scan

No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]

September 19, 2016

FEATURED

TOP STORIES

Madras HC - GST Authorities - Form TRAN-1 - Taxscan

Madras HC directs GST Authorities to facilitate the uploading of Form TRAN-1 [Read Order]

April 17, 2021

The Madurai Bench of Madras High Court directed the GST Authorities to facilitate the uploading of Form TRAN-1 . The petitioner, M/s.Anand Distributors had registered himself as a dealer under TNVAT Act, 2006. Following the implementation of the Central Goods and Services Tax Act, 2017, the petitioner migrated into GST regime and got registered under […]

Delay - filing of Income Tax Return - Financial Difficulties - ITAT - Penalty - taxscan

Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]

April 17, 2021

The Income Tax Appellate Tribunal (ITAT), Bangalore bench, upheld an order of the first appellate authority where the CIT(A) deleted a penalty order imposing Rs. 5000 on a Company for non-furnishing of income tax returns within the prescribed time. The authority found that the reason for delay was financial difficulties which constitute a reasonable cause […]

Income Tax on Interest - Enhanced Compensation - Compulsory Acquisition of Land - ITAT - Taxscan

No Income Tax on Interest on Enhanced Compensation from Govt for Compulsory Acquisition of Land: ITAT [Read Order]

April 17, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while allowing an appeal filed by an assessee, an individual, held that no income tax can be levied on the interest received on enhanced compensation from the government towards the compulsory acquisition of land since the same shall be treated as capital receipt and exempted under section […]

Notice - Affixture served - Office Hours -ITAT - Re-Assessment - Taxscan

Notice through Affixture served after Office Hours not Valid: ITAT quashes Re-Assessment [Read Order]

April 17, 2021

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) on Friday quashed a re-assessment under section 147 of the Income Tax Act, 1961 by observing that the notice for the same under section 148 of the Act, though served through affixture (a valid mode for serving notice under the law) cannot be deemed as […]

All Featured

Madras HC directs GST Authorities to facilitate the uploading of Form TRAN-1 [Read Order]

April 17, 2021

Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]

April 17, 2021

No Income Tax on Interest on Enhanced Compensation from Govt for Compulsory Acquisition of Land: ITAT [Read Order]

April 17, 2021

Notice through Affixture served after Office Hours not Valid: ITAT quashes Re-Assessment [Read Order]

April 17, 2021

All Top Stories