![Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Deletion-of-Income-Tax-Act-Allahabad-HC-Revenue-Appeal-taxscan.jpg "Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]")
Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]
The Allahabad High Court has upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to delete additions made under Section 14A of the...
![Finance Bill, 2023 Amends Income Tax Penalty Provisions [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Finance-Bill-2023-Amends-Income-Tax-Penalty-Provisions-TAXSCAN.jpg "Finance Bill, 2023 Amends Income Tax Penalty Provisions [Read Finance Bill]")
Budget 2023: Finance Bill Amends Income Tax Act to Insert Designation New Joint Commissioner (Appeals)to Dispose First Appeals [Read Finance Bill]
In a significant move to ensure speedy disposal of income tax cases, the Government has proposed to amend the Finance Bill, 2023 to create a new designation Joint Commissioner/ Additional...
![Budget 2023: Finance Bill Amends Income Tax Act to Insert Designation New Joint Commissioner (Appeals)to Dispose First Appeals [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Budget-2023-Finance-Bill-Amends-Income-Tax-Act-TAXSCAN.jpg "Budget 2023: Finance Bill Amends Income Tax Act to Insert Designation New Joint Commissioner (Appeals)to Dispose First Appeals [Read Finance Bill]")
Finance Bill, 2022: Commissioner (Appeals) can impose Penalty in cases involving Undisclosed Income post-Search proceedings
The Finance Bill, 2022 has proposed to amend the provisions of Sections 271AAB, 271AAC and 271AAD of the Income Tax Act in order to empower the Commissioner of Income Tax (Appeals) to impose...
Finance Bill, 2022 proposes Amendment to Provision relating to Tax Liability of Directors of Private Companies [Read Finance Bill]
The Finance Bill, 2022 has proposed to amend the provisions of section 179 of the Income Tax Act, 1961 relating to tax liability of directors of the private limited companies applicable from 1st...
![Finance Bill, 2022 proposes Amendment to Provision relating to Tax Liability of Directors of Private Companies [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Tax-Liability-of-Directors-Private-Companies-Budget-2022-Taxscan.jpg "Finance Bill, 2022 proposes Amendment to Provision relating to Tax Liability of Directors of Private Companies [Read Finance Bill]")
Budget 2022: No TDS on Transfer of Immovable Property If Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs
The Finance Bill 2022 stated that no TDS on Transfer of Immovable Property if Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs. Section 194-IA of the Act provides for...
Budget 2022: Anti-avoidance provisions to deal with Transactions in Securities & Mutual Funds applicable to Dividend Stripping & Bonus Stripping
The Finance Bill, 2022 tabled on Tuesday amended section 94 of the Income Tax Act to include dividend stripping and bonus stripping with effect from 1st April 2023. The provision contains anti...
Budget 2022: Income Tax Proceedings shall be valid even after Completion of Business Reorganization Process, Entities shall file Modified Returns
The Finance Bill, 2022 has incorporated some new provisions in order to regulate the assessment proceedings and the procedure of taxation in case of succession to business in the event of...
