The ITAT while dealing with the situation directed the AO to allow the claim of deferred revenue expenditure even though the ...

23. Therefore, it is seen that the PCIT has failed to satisfactorily record its concurrence. By no prudent stretch of ...

Madras High Court held that finalizing of assessment without considering reply and in absence of personal hearing is against ...

Analyzing the various factors that contribute to the low yield of direct taxes in India despite high tax rates. These factors ...

CESTAT Mumbai held that allegation of mis-declaration and duty demand thereon not sustained as department doesn’t challenged ...

Jammu Kashmir High Court held that the time limit for refund of GST u/s. 54 of the Central Goods and Services Tax Act, 2017 ...

Subject: Provision for Import/ Re-import of “Exhibits and Sample” — reg.

Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act). The goal is to make the Act concise, ...

ITAT Mumbai held that issuance of notice under section 148 of the Income Tax Act in contravention of the provisions of section 151, as the sanction of the concerned Specified Authority was not ...

ITAT Cochin held that denial of registration u/s. 80G to the existing trust alleging belated filing of application applying sub clause (iii) of proviso to section 80G (5) unjustified as the same apply ...

Conclusion: Long term capital loss (‘LTCL’) from off market sale of listed securities could not be offset against current and future capital gains, if it did not fall under the ambit of legitimate tax ...

ITAT Cochin held that disallowance under section 14A read with rule 8D of the Income Tax Rules in a mechanical manner without recording proper satisfaction is unsustainable in law. Accordingly, ...