![Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099460-llp-profit-share-goodwill-capital-gains-itat-income-tax-appellate-tribunal-taxscan-.webp "Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]")
Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs.1,98,86,210 and ruled that the amount received by the...
![Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/EY-GDS-ITAT-Bangalore-Deduction-taxscan.jpg "Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]")
![Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Ahmedabad-ITAT-loan-repayment-case-TAXSCAN.jpg "Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]")
ICAI Reprimands CA for Neglecting LLP's Service Tax and Wife's LLP return Filing Fees in Audit Report
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) with a fine of Rs. 25,000/- for neglecting the service tax payment of the Limited Liability...
![Share profit From Partnership Firm exempted u/s 10 (2A) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Share-profit-us-10-2A-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Share profit From Partnership Firm exempted u/s 10 (2A) of Income Tax Act: ITAT [Read Order]")
MCA waives additional fees and extends last date for filing of LLP BEN-2 and Form 4D up to May 15, 2024
The Ministry of Corporate Affairs ( MCA ) has relaxed additional fees and extended the last date of filing for Form LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008. ...
Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and can't give rise to any Valid Collateral Proceeding: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the revisionary order passed under Section 263 of the Income Tax Act, 1961 in the name of a non-existent entity is void ab...
![Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and cant give rise to any Valid Collateral Proceeding: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Revisionary-Order-Collateral-ITAT-ITAT-Kolkata-Collateral-Proceeding-Non-Existent-Entity-Void-Ab-Initio-taxscan.jpg "Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and cant give rise to any Valid Collateral Proceeding: ITAT [Read Order]")
ICAI releases Exposure Draft of Standards on Auditing for Limited Liability Partnerships, invites comments
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of Standards on Auditing for Limited Liability Partnerships (LLPs) for public comments. The Auditing and...
