INCOME TAX : Where AO issued reopening notice on ground that petitioner entered into a transaction amouting to Rs. 45 lakhs, however revenue in its counter affidavit did not respond…
INCOME TAX : New tangible material is sine qua non for reassessment even where ITR filed was processed amp; not selected in scrutinyINCOME TAX : New tangible material is sine…
INCOME TAX : Where assessee questioned validity of a reassessment order on ground that objections raised by it against reopening were not answered by way of a speaking order, since…
Q1. What are the due dates for filing of Income-tax Returns for the Assessment Year 2022-23Q1. What are the due dates for filing of Income-tax Returns for the Assessment Year…
INCOME TAX : Where founder trustee of assessee-trust was holding only 0.83 per cent of aggregate paid-up ordinary share capital of TSL, which was much less than threshold requirement of…
INCOME TAX : Where a reopening notice was served upon assessee for treating purchase of shares by assessee as its unexplained investment by affixing it at an address at which…
INCOME TAX : Even if appeal against revision order passed under section 263 was pending before Tribunal, Assessing Authority could complete assessment proceedings pursuant to findings given by revisional authority…
INCOME TAX : Once assessee invested long term capital gain on sale of immovable property in buying residential house either in India or outside India prior to 1-4-2015, assessee is…
The DGFT had earlier issued notification to provide that IMC's approval shall be mandatory for export of Wheat Flour. Now, the procedure for submission of requests for seeking IMC's approval…
RBI has directed the exclusion of Punjab and Maharashtra Co-operative Bank Limited from the second schedule of the RBI Act. All banks which are excluded from the Second Schedule to…