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Income Tax Return - Step-by-step guide to file - ITR - FY 19-20 - ITR - Taxscan

Income Tax Return: Step-by-step guide to file belated ITR for FY 19-20

May 5, 2021

All you need - Income Tax - E-Campaign - Compliance Portal - Non Filing Tax Return - High Value Transactions - Taxscan

All you need to know about Income Tax E-Campaign on Compliance Portal for Non Filing Tax Return and High Value Transactions

March 29, 2021

Taxpayer - ITAT - Reopening of Assessment - Mechanical Approval - Taxscan

Relief to 70-Year Old Taxpayer: ITAT quashes Reopening of Assessment based on Mechanical Approval [Read Order]

March 18, 2021

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ITAT - due taxes - taxpayer - tax authorities - taxscan

Tax Authorities can’t evade responsibility to ensure only correct and due Taxes are collected, No Taxpayer to be burdened with unfair additions: ITAT [Read Order]

May 9, 2021

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench held that the Tax authorities can not evade responsibility to ensure only correct and due taxes are collected and no taxpayer to be burdened with unfair additions. An addition of Rs.40 lakhs was made in the hands of the assessee, Naresh Sharma on account of deposits found […]

Income Tax Return - Income Tax - Taxscan

Know the Cons of Pre-Filled Income Tax Return

May 9, 2021

The Central Board of Direct Taxes (CBDT) has notified specified persons (reporting persons) that will furnish such information on behalf of individual taxpayers in the pre-filled ITR forms. This would help in easier filing of returns as taxpayers would just have to verify records of income accruing to them from such investments without having to […]

Pepsico India - ITAT - AMP Expenses - Taxscan

Relief to Pepsico India: ITAT deletes addition on account of AMP Expenses [Read Order]

May 8, 2021

In a relief to Pepsico India, the Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the addition on account of Advertisement, Marketing and Promotion (AMP) Expenses. The assessee, Pepsico India Holdings Pvt. Ltd. a subsidiary of PepsiCo Inc. USA, was engaged inter-alia in manufacturing soft drink/ juice based concentrates for aerated/ non-aerated drinks for its […]

Tata Sons - ITAT - Income Tax - Deduction Claims - Taxscan

Partial Relief to Tata Sons: ITAT allows Income Tax Deduction Claims [Read Order]

May 8, 2021

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while granting the partial relief to the Tata Sons allied the Deduction Claims. The assessee, M/s. Tata Sons Ltd. engaged in export of software was assessed for the year under consideration under section 143(3) on 21/03/2006 wherein the returned income of Rs.10.53 Crores as filed by the […]

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Tax Authorities can’t evade responsibility to ensure only correct and due Taxes are collected, No Taxpayer to be burdened with unfair additions: ITAT [Read Order]

May 9, 2021

Know the Cons of Pre-Filled Income Tax Return

May 9, 2021

Relief to Pepsico India: ITAT deletes addition on account of AMP Expenses [Read Order]

May 8, 2021

Partial Relief to Tata Sons: ITAT allows Income Tax Deduction Claims [Read Order]

May 8, 2021

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