Justice A.K. Jayasankaran Nambiar

Claim - of - Deduction - Income - Tax - Act - Return - Kerala - HC - TAXSCAN

Claim of Deduction u/s 80P of Income Tax Act is Conditional on filing Return within Due Date: Kerala HC [Read Order]

April 26, 2023

E-Way Bill - value of goods - Kerala HC - taxscan

E-Way Bill not required if Value of Goods less than Rs.50,000: Kerala High Court Orders release of Seized Goods [Read Judgment]

March 10, 2021

E-way Bill - Delivery Challan - Interstate Delivery - Exempted Goods - GST - Kerala High court - Consignment - Taxscan

E-way Bill and Delivery Challan necessary for Interstate Delivery of Exempted Goods under GST: Kerala HC upholds Detention of Consignment [Read Order]

November 13, 2020

TOP STORIES

Cessation of Liabilty - Income Tax Act - Income Tax - Income for Addition - ITAT sets aside Addition - taxscan

Cessation of Liabilty u/s 41(1) of Income Tax Act cannot be treated as Income for Addition : ITAT sets aside Addition[Read Order]

June 10, 2023

The Delhi bench of Income Tax Appellate Tribunal ( ITAT) held that cessation of liability under Section 41(1) of Income Tax Act,1961 cannot be treated as an income for addition. Raunika Fashion Pvt. Ltd, the appellant assessee e-filed its return of income declaring total income at ‘Nil’ and claimed loss of an amount for the […]

Penalty - IT Act - Concealment of Income or Filing of Inaccurate Particulars of Income - Concealment of Income - Income - Filing of Inaccurate Particulars of Income - Particulars of Income - ITAT - Taxscan

Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]

June 10, 2023

The Dehradun bench of the Income Tax Appellate Tribunal ( ITAT) held that the penalty imposed under section 271(1)(c ) of the Income Tax Act,1961 without proving either concealment of income or filing of inaccurate particulars of income is invalid. Saraswati Dynamics Pvt. Ltd, the appellant assessee filed the appeal against the order passed by […]

ITAT upholds denial of Registration - Income Tax Act on Absence of proving Genuineness of Charitable Activity - TAXSCAN

ITAT upholds denial of Registration filed u/s 12AB of Income Tax Act on Absence of proving Genuineness of Charitable Activity [Read Order]

June 10, 2023

The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently upheld that denial of registration filed under Section 12AB of Income Tax Act 1961 in absence of proving genuineness of charitable activity. The Section 12AB of Income Tax Act deals with registration of charitable trust.if the trust is not registered as per section 12AB […]

The difference in non-delivery derivative Transactions be taken for determining Turnover - non-delivery derivative Transactions - Transactions - Turnover - Tax Audit - IT Act - ITAT deletes Penalty - ITAT - Penalty - Taxscan

The difference in non-delivery derivative Transactions be taken for determining Turnover for Tax Audit u/s 44AB of IT Act: ITAT deletes Penalty u/s 271B

June 10, 2023

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act, 1961 holding that the difference in non-delivery derivative transactions should be taken for determining turnover for the purpose of tax audit under Section 44AB of the Income Tax Act. The assessee Parag Jain who […]

All Recent Stories

Cessation of Liabilty u/s 41(1) of Income Tax Act cannot be treated as Income for Addition : ITAT sets aside Addition[Read Order]

June 10, 2023

Penalty imposed u/s 271(1)(c) of IT Act without proving either Concealment of Income or Filing of Inaccurate Particulars of Income: ITAT quashes Order [Read Order]

June 10, 2023

ITAT upholds denial of Registration filed u/s 12AB of Income Tax Act on Absence of proving Genuineness of Charitable Activity [Read Order]

June 10, 2023

The difference in non-delivery derivative Transactions be taken for determining Turnover for Tax Audit u/s 44AB of IT Act: ITAT deletes Penalty u/s 271B

June 10, 2023

All Top Stories