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हाई कोर्ट ऑफ मद्रास ने 2 अगस्त 2017 को फैसला देते हुए कहा कि अगर कोई एग्रीकल्चर लैंड धारा 2(1A) के अनुसार एग्रीकल्चर लैंड है यदि आयकर दाता ने उसकी एजुकेशन इनकम नहीं बताई है लेकिन उसपर खेती के प्रूफ मौजूद है तो उस पर आयकर नहीं लगेगा कारण की धारा 2(14) में कैपिटल एसेट में एग्रीकल्चर लैंड नहीं आती

हाई कोर्ट ऑफ मद्रास ने 2 अगस्त 2017 को फैसला देते हुए कहा कि अगर कोई एग्रीकल्चर लैंड धारा 2(1A) के अनुसार एग्रीकल्चर लैंड है यदि आयकर दाता ने उसकी एजुकेशन इनकम नहीं बताई है लेकिन उसपर खेती के प्रूफ…
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Cases Income tax

Question: Is assessee deemed in default when not filed stay application but filed the evidence of appeal filed and in this circumstances can recovery action as per sections 222, 223 of the Income Tax Act be initiated by the Tax Recovery Officer?

Question: Is assessee deemed in default when not filed stay application but filed the evidence of appeal filed and in this circumstances can recovery action as per sections 222, 223 of the Income Tax Act be initiated by the Tax Recovery…
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222, 223, Article 226 of the Constitution of India, AY 2017-18, High Court, In favour of Assessee (Partly), RAJASTHAN HIGH COURT

Q Can credit of TDS be denied on the ground that income corresponding to the TDS claim made by the assessee is not offered in the in the corresponding year rather offered to tax in earlier years? IN THE ITAT, DELHI BENCH in the case of KEMA India (P) Ltd. v. ITO ITA No. 1616/DEL/2020 on dated 31 March, 2022 Answer: The assessee is entitled to get its credit by way of refund, in spite of not offering any income for tax, arising from profit and loss account, in present assessment year.

Q Can credit of TDS be denied on the ground that income corresponding to the TDS claim made by the assessee is not offered in the in the corresponding year rather offered to tax in earlier years? IN THE ITAT,…
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199. Rule 37BA, AY 2015-16, Decisions, Delhi, Delhi Tribunal, In Favour of Assessee, ITAT Delhi

Question: Consequences of Penalty-Concealment-Non-striking off of the irrelevant part while issuing notice u/s 271(1)(c). ITAT – Delhi in the case of Malook Nagar, New Delhi vs Acit Central Circle-15, New Delhi on 13 May, 2022

Question: Consequences of Penalty-Concealment-Non-striking off of the irrelevant part while issuing notice u/s 271(1)(c). ITAT – Delhi in the case of Malook Nagar, New Delhi vs Acit Central Circle-15, New Delhi on 13 May, 2022 Answer: The order is…
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271(1)(c), AY 2008-09, AY 2009-10, AY 2010-11, AY 2011-12, Cases Income tax, Decisions, Delhi, Delhi Tribunal, In Favour of Assessee, Income Tax

Question : Is Penalty under Section 271E is permissible in the absence of regular assessment framed against the assessee by the Revenue? ITAT – Ahmedabad in the case of Vijayaben G Zalavadia, … vs The Jt. Cit, Gandhinagar on 11 May, 2022. Answer: Penalty Quashed.

Question : Is Penalty under Section 271E is permissible in the absence of regular assessment framed against the assessee by the Revenue? ITAT – Ahmedabad in the case of Vijayaben G Zalavadia, … vs The Jt. Cit, Gandhinagar on 11 May, 2022….
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271E, Ahmedabad Tribunal, AY 2010-11, AY 2011-12, AY 2012-13, AY 2013-14, AY 2014-15, AY 2015-16, AY 2016-17, In Favour of Assessee

Q Validity of 148 notice when the assessment for the same assessment year has not concluded yet? IN THE DELHI HIGH COURT DCM Shriram Ltd. v. Asstt. CIT, W.P.(C) 6627/2022 & CM APPL.20136/2022 on dated 10 May, 2022

Q Validity of 148 notice when the assessment for the same assessment year has not concluded yet? IN THE DELHI HIGH COURT DCM Shriram Ltd. v. Asstt. CIT, W.P.(C) 6627/2022 & CM APPL.20136/2022 on dated 10 May, 2022 Ans:…
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148, AY 2018-19, Delhi High Court, In Favour of Assessee

Supreme Court excludes the period starting from 15-3-2020 till 28-2-2022 from limitation period of all judicial proceedings before the Courts/Tribunals. all persons shall have a limitation period of 90 days from 1-3-2022. In the event the actual balance period of limitation remaining, with effect from 01.03.2022 is greater than 90 days, that longer period shall apply.

Kindly click the link limitation period extended by SC

appeal, Cases Income tax, Income Tax, Limitation period, revision, Supreme Court

Specimen application for waiver of penalty under Section 270A and prosecution under section 276C/276CC

270A waiver application

270A waiver application, checklist, client, formalities to be completed, HOW TO

Kindly note that if you are having Pvt. Ltd.or a Ltd. Co. Then read carefully that MSME FORM I filling date is 30.4.2022

Please click the link to see the formalities to be completed 20220430 MSME For B. P. Mundra & Co. Prabha Rana Director

Due dates, MSME Form I

Question: Whether Notice u/s 148 dated 31.3.2021 emailed /uploaded on portal after 31.3.2021 is time barred? Answer: Yes time barred. Notice is quashed. To read the order kindly click the link

Question: Whether Notice u/s 148 dated 31.3.2021 emailed /uploaded on portal after 31.3.2021 is time barred? Answer: Yes time barred. Notice is quashed. To read the order kindly click the link Allahabad High Court Daujee Abhushan Bhandar Pvt. Ltd….
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148, 148-A, 148A, 149