Case Details: Umkal Healthcare (P.) Ltd. v. National Faceless Assessment Centre – [2021] 131 taxmann.com … Continue reading “Not providing personal hearing in faceless assessment is a violation of principle of natural justice: Delhi HC”
Case Details: Sanjay Agarwal v. ITO – [2021] 131 taxmann.com 331 (Jaipur – Trib.) Judiciary … Continue reading “AO couldn’t reject books of account merely on the grounds of decline in gross profit over past year: ITAT”
Case Details: Sainath Rajkumar Sarode v. State of Maharashtra – [2021] 131 taxmann.com 332 (Bombay) … Continue reading “Interest paid by Builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC”
Annual information statement is a tax passbook which contains following information in respect of an … Continue reading “Form 26AS in a New Avatar | How to Access Annual Information Statement (AIS) Online?”
Case Details: ITO v. Smt. Rachna Arora – [2021] 131 taxmann.com 307 (Chandigarh – Trib.) … Continue reading “ITAT allowed sec. 54 relief to woman who purchased new house jointly in name of married daughter & son-in-law”
Case Details: Smt. Meera Devi Kumawat v. JCIT – [2021] 132 taxmann.com 21 (Jaipur – … Continue reading “Sum received from husband with no intention to repay isn’t loan; no violation of Sec. 269SS: ITAT”
Press release, dated 01-11-2021 The Finance Act, 2020 has inserted a new section 285BB to … Continue reading “CBDT rolls out Annual Information Statement (AIS) to provide details of taxpayer’s financial info.”
Sanjiv Kumar Chaudhary – [2021] 131 taxmann.com 277 (Article) Employee Stock Option Plan (ESOP – … Continue reading “ESOP allowability and its impact on Corporate Inc.”
Case Details: Raman Krishna Kumar v. DCIT – [2021] 131 taxmann.com 341 (Madras) Judiciary and … Continue reading “Burden of proof on assessee to establish that non-filing of ITR was not willful; HC upholds prosecution”
Public Notice No. 32/2015-2020 Dated October 29th, 2021 The DGFT has issued public notice and … Continue reading “Export Authorisation required if SCOMET items physically exported from SEZ/EOU”
