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Income Tax Act 1961

Section 66: Defining the Boundaries of GST Special Audits

Nandan GK

Audits Under GST The Goods and Services Tax (GST) regime in India is built on the principle of trust-based taxation, where taxpayers are expected...

Income Tax Annual Digest 2024: ITAT Cases [Part 15]

Income Tax Annual Digest 2024: ITAT Cases [Part 7]

Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]

PCIT's Rejection of Refund Claim and Rectification Application: ITAT Dismisses Appeal [Read Order]

Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 24]

This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Calcutta High Court...

Supreme Court - High Court - Supreme Court annual digest - High Court annual digest - TAXSCAN

Write-off of Rs. 8,002 on Non-Recoverable Employee Advances Allowed as Business Expense u/s 37: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)allowed the write-off of Rs. 8,002 on non-recoverable employee advances as a deductible business expense under Section 37 of the Income Tax...

ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]

In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the assessee Goldman Sachs to claim deduction for leave encashment paid before the due date of ITR filing...

CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) sent the case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh hearing, as the CIT(A) had rejected the appeal in one...

Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order passed by the Commissioner of Income Tax ( Appeals ) [CIT(A)], that a contractor engaged in solid...

ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance under Section 56(2)(viib) of the Income Tax Act, 1961, due to Unexplained Share Premium...

Income Tax Notice Issued On Address in Income Tax Portal instead of Address in ITR: Kerala HC Allows writ petition [Read Order]

In a recent case, the Kerala High Court while allowing the writ petition challenging the issue of Income Tax notice to wrong address directed the assessee to update the current address to the Income...

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