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Income Tax Returns: Know about Original, Revised, Belated, and Updated Returns
The Finance Bill 2022 has introduced the new provision in respect of Updated Income Tax Return under the Income Tax Act. There already existed a few...
Setback to Pharma Companies: Freebies to Doctors are Ilegal, No Deduction allowed, clarifies Finance Bill, 2022
In a major setback to the pharma companies, the Finance Bill, 2022 clarified that the gifts and freebies to doctors shall not be treated as business expenditure under section 37 of the Income Tax...
Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]
The Finance Bill, 2022 introduced to the Parliament by the Union Finance Minister Nirmala Sitharaman proposed to empower the Central Board of Direct taxes (CBDT) to provide relaxations to the...
![Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Budget-2022-budgetscan-budgetwithtaxscan-budgetsession-Penalty-Non-filing-Income-Tax-Returns-Finance-Bill-CBDT-genuine-Hardships-persons-Taxscan.jpg "Penalty of Rs. 5,000 for Non-filing of Income Tax Returns: Finance Bill, 2022 empowers CBDT to provide relaxation to Persons facing genuine Hardships [Read Finance Bill]")
Order of CIT(E) without hearing Assessee during Pandemic Period violative of Natural Justice and is Invalid: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while quashing an order of the Commissioner of Income Tax (Exemptions), held that an order passed without giving the assessee an...
![Order of CIT(E) without hearing Assessee during Pandemic Period violative of Natural Justice and is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Pandemic-Period-ITAT-Natural-Justice-Assessee-Taxscan.jpg "Order of CIT(E) without hearing Assessee during Pandemic Period violative of Natural Justice and is Invalid: ITAT [Read Order]")
![Doctrine of stare decisis applies to NCLT, NCLAT, rules NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Company-Law-Corporate-Debtor-Doctrine-of-stare-decisis-NCLT-NCLAT-Taxscan.jpg "Doctrine of stare decisis applies to NCLT, NCLAT, rules NCLAT [Read Order]")
