Usage of Document found at business premises of Partnership Firm against Partners: Delhi HC closes appeal without substantial Question of Law
In a recent case, the Delhi High Court, while closing the appeal as no substantial question of law, held that documents found at the business...
![Partnership Firm is Considered as Juridical Person and Cannot have Relative defined u/s 2(41) of Companies Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CESTAT-Cestat-Ahmedabad-Partnership-Firm-Juridical-Person-Partnership-Firm-is-Considered-Under-Section-241-of-the-Companies-Act-TAXSCAN.jpg "Partnership Firm is Considered as Juridical Person and Cannot have Relative defined u/s 2(41) of Companies Act: CESTAT [Read Order]")
![Claim of Credit of TCS by Individual License holder cant be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Credit-TCS-Individual-License-holder-Partnership-Firm-ITAT-TAXSCAN.jpg "Claim of Credit of TCS by Individual License holder cant be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]")
![Excess Gold Jewellery Stock found during Survey Proceedings as Stock transferred from Proprietary Concern to Partnership Firm, not unexplained Investment u/s 69B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Gold-Jewellery-Excess-Gold-Jewellery-Stock-Gold-Jewellery-Stock-Survey-Proceedings-Stock-transferred-Proprietary-Concern-Partnership-Firm-unexplained-investment-ITAT-taxscan.jpg "Excess Gold Jewellery Stock found during Survey Proceedings as Stock transferred from Proprietary Concern to Partnership Firm, not unexplained Investment u/s 69B of Income Tax Act: ITAT [Read Order]")
Income Tax Dept clarifies Issuance of Notice for Schedule 80P Deduction to Partnership Firms and LLPs not Claimed is Inadvertent Error
The Income Tax Department has provided clarification on the issuance of notices for the 80P Deduction to Partnership firms and Limited Liability Partnerships (LLPs) who have not yet made a claim for...
Partnership Firm not entitled to Tax Deduction on LTCG u/s 48(i) of Income Tax Act for Mortgaging Property as Collateral Security: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that a partnership firm is not entitled to the tax deduction on Long-term capital gain (LTCG) under Section 48(i) of the Income Tax...
![Partnership Firm not entitled to Tax Deduction on LTCG u/s 48(i) of Income Tax Act for Mortgaging Property as Collateral Security: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Partnership-Firm-not-entitled-to-Tax-Deduction-on-LTCG-Income-Tax-Act-Tax-Deduction-on-LTCG-Mortgaging-Property-Collateral-Security-ITAT-Tax-Deduction-Partnership-Firm-taxscan.jpg "Partnership Firm not entitled to Tax Deduction on LTCG u/s 48(i) of Income Tax Act for Mortgaging Property as Collateral Security: ITAT [Read Order]")
Income Tax is not Leviable on Award received on Compulsory Acquisition of Agricultural Land of Partnership Firm: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that Income Tax is not leviable on award received on the compulsory acquisition of the agricultural land of partnership firm. The...
![Income Tax is not Leviable on Award received on Compulsory Acquisition of Agricultural Land of Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Tax-Award-received-on-Compulsory-Acquisition-of-Agricultural-Land-of-Partnership-Firm-ITAT-Agricultural-Land-of-Partnership-Firm-Award-received-Agricultural-Land-Partnership-Firm-taxscan.jpg "Income Tax is not Leviable on Award received on Compulsory Acquisition of Agricultural Land of Partnership Firm: ITAT [Read Order]")
![Retired Partner Not Liable for Excise Duty Dues of Partnership Firm: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Retired-Partner-Not-Liable-for-Excise-Duty-Dues-Partnership-Firm-CESTAT-Excise-Duty-Dues-Retired-Partner-taxscan.jpg "Retired Partner Not Liable for Excise Duty Dues of Partnership Firm: CESTAT [Read Order]")
Delhi HC quashes Order u/s 148A(d) of Income Tax Act and Assessment Notice Issued against Non-Existent Partnership Firm [Read Order]
A Division Bench of the Delhi High Court quashed the order under Section 148A(d) of Income Tax Act, 1961 and an assessment notice issued against non-existent partnership firm. The petitioner,...
![Delhi HC quashes Order u/s 148A(d) of Income Tax Act and Assessment Notice Issued against Non-Existent Partnership Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delhi-High-Court-Delhi-HC-quashes-Order-Income-Tax-Act-Assessment-Notice-Non-Existent-Partnership-Firm-Partnership-Firm-taxscan.jpg "Delhi HC quashes Order u/s 148A(d) of Income Tax Act and Assessment Notice Issued against Non-Existent Partnership Firm [Read Order]")
Order cancelling GST Registration without any reason is invalid and not hit by Limitation: Allahabad HC [Read Order]
The Allahabad High Court (HC) has held that the order cancelling GST Registration without any reason is invalid and it was not hit by limitation. M/S Pragati Enterprises, the petitioner challenged...
![Order cancelling GST Registration without any reason is invalid and not hit by Limitation: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/GST-Registration-GST-Limitation-Allahabad-High-Court-cancelling-GST-Registration-Taxscan.jpg "Order cancelling GST Registration without any reason is invalid and not hit by Limitation: Allahabad HC [Read Order]")
No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no change in ownership and character of transaction made in individual capacity by making entries in accounts of partnership firm. ...
![No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Transaction-accounts-Partnership-Firm-ITAT-taxscan.jpg "No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]")