The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is…
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order and observed that non-issuance of notice under Section 143(2) of the Income Tax Act, 1961 is not…
A Division Bench of the Allahabad High Court held that Goods and Services Tax (GST) Input Tax Credit (ITC) should not be disallowed solely based on wrong mention of the…
In a significant legal development, the Income Tax Department is gearing up to appeal a recent Delhi High Court ruling that deemed Income Tax assessment orders without a Document Identification…
The Delhi High Court observed that the Income Tax Department can proceed against employer for recovery of deducted tax from the employee. The factual position pleaded by the petitioner, Chintan…
INTRODUCTION TDS stands for Tax Deducted at Source. It is the tax amount that the government collects directly from the recipient’s income immediately when it is earned. The TDS is…
In India, there has been a growing burden of overweight and obesity over the past three decades. National Nutritional Monitoring Bureau survey 2017 on diet and nutritional status of urban…
Not everyone possessing multiple or duplicate PAN cards harbors malicious intentions; many are unaware of their duplicate status. Discovering common scenarios leading to duplicate PANs is essential. Repetitive Applications: Individuals…
GST and Input Tax Credit – Minimising the Cascading Effect The implementation of the Goods and Services Tax (GST) in 2017 marked a significant stride towards achieving the objective of…
The Bombay High Court, has invalidated income tax assessments and subsequent proceedings for the assessment year 2016-2017 against agriculturists and rickshaw drivers due to improper sanction. The court, comprising Justice…