self-assessment

No Penalty to be imposed on failure to discharge admitted Self-Assessment Income Tax Liability due to Financial Constraints: ITAT [Read Order]

December 2, 2021

MCA - Companies (Appointment and Qualification of Directors) Fifth Amendment Rules - companies amendment rules - Taxscan

MCA notifies Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020 [Read Notification]

December 19, 2020

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Documentary Evidence - ProveIdentity of Assessee - Burden - Proof lies - claiming - benefit - ITAT - Taxscan

When there is No Clear Documentary Evidence to Prove Identity of Assessee, the Burden of Proof lies on him claiming the benefit: ITAT [Read Order]

May 17, 2022

The Income Tax Appellate Tribunal (ITAT) Pune bench consisting of Partha Sarathi Chaudhury, Judicial Member and Dr. Dipak P. Ripote, Accountant Member held that when there is no clear documentary evidence to prove the identity of the assessee the burden of proof lies on him claiming the benefit of being the assessee. The assessee was […]

No bar - Registration of Society - receiving Fund - Foreign Entity - ITAT - Taxscan

No bar for Registration of Society merely on ground of receiving Fund from Foreign Entity: ITAT [Read Order]

May 17, 2022

The Income Tax Appellate Tribunal (ITAT) Hyderabad held that there is no bar for registration of a society even though it receives fund from foreign entity. The Bench consisted of K. Narsimha Chary, Judicial Member and Bhagirath Mal Biyani, Accountant Member. The judgment was passed ex parte taking into consideration the absence of representation from […]

Appeal - Kingfisher Capital - CLO - Liquidation - ITAT - Dept - Fresh Appeal - Taxscan

Appeal not maintainable against Kingfisher Capital CLO after Liquidation: ITAT directs Dept to File Fresh Appeal [Read Order]

May 16, 2022

In a relief to Kingfisher Capital CLO Limited, the Income Tax Appellate Tribunal (ITAT) Mumbai bench has asked the income tax department to file a fresh appeal as the current appeal is not maintainable against a Company after liquidation. A assessment was framed against the assessee on the basis of section 143(3) read with section […]

No Deduction of Profits and Gains from Industrial undertakings u/s 80IA (4) without Notification issued by the Competent Authority: ITAT [Read Order]

May 16, 2022

The Kolkata Bench of Income Tax Appellate Tribunal has held that no deduction of profits and gains from industrial undertakings u/s 80IA(4) without notification issued by the competent authority. The AO require the appellant, M/s Salarpuria Properties Pvt. Ltd., in the course of scrutiny assessment to furnish the copies of notification issued by CBDT in […]

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When there is No Clear Documentary Evidence to Prove Identity of Assessee, the Burden of Proof lies on him claiming the benefit: ITAT [Read Order]

May 17, 2022

No bar for Registration of Society merely on ground of receiving Fund from Foreign Entity: ITAT [Read Order]

May 17, 2022

Appeal not maintainable against Kingfisher Capital CLO after Liquidation: ITAT directs Dept to File Fresh Appeal [Read Order]

May 16, 2022

No Deduction of Profits and Gains from Industrial undertakings u/s 80IA (4) without Notification issued by the Competent Authority: ITAT [Read Order]

May 16, 2022

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