Why You Should Choose LLP for Your Business: A Smart Balance of Protection and Practicality
The Limited Liability Partnership (LLP) structure has gradually positioned itself as one of the most practical and governance-friendly business...
![Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099460-llp-profit-share-goodwill-capital-gains-itat-income-tax-appellate-tribunal-taxscan-.webp "Amount Received for Reduced LLP Profit Share Not Taxable as Goodwill or Capital Gains: ITAT Deletes ₹1.98 Cr Addition [Read Order]")
![Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/EY-GDS-ITAT-Bangalore-Deduction-taxscan.jpg "Relief to EY GDS: ITAT Upholds S. 10AA Deduction, Rules Revised Return Irrelevant as No Changes in Claim [Read Order]")
Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of ₹1, 30,45,000/- due to the assessee's failure to disclose the loan of ₹7,25,000/- availed from Pravinbhai...
![Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Ahmedabad-ITAT-loan-repayment-case-TAXSCAN.jpg "Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]")
ICAI Reprimands CA for Neglecting LLP's Service Tax and Wife's LLP return Filing Fees in Audit Report
The Institute of Chartered Accountants of India ( ICAI ) has reprimanded the Chartered Accountant ( CA ) with a fine of Rs. 25,000/- for neglecting the service tax payment of the Limited Liability...
![Share profit From Partnership Firm exempted u/s 10 (2A) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Share-profit-us-10-2A-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Share profit From Partnership Firm exempted u/s 10 (2A) of Income Tax Act: ITAT [Read Order]")
MCA waives additional fees and extends last date for filing of LLP BEN-2 and Form 4D up to May 15, 2024
The Ministry of Corporate Affairs ( MCA ) has relaxed additional fees and extended the last date of filing for Form LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008. ...
Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and can't give rise to any Valid Collateral Proceeding: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the revisionary order passed under Section 263 of the Income Tax Act, 1961 in the name of a non-existent entity is void ab...
![Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and cant give rise to any Valid Collateral Proceeding: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Revisionary-Order-Collateral-ITAT-ITAT-Kolkata-Collateral-Proceeding-Non-Existent-Entity-Void-Ab-Initio-taxscan.jpg "Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and cant give rise to any Valid Collateral Proceeding: ITAT [Read Order]")