Delhi High Court Sets Aside Non-Reasoned Order on TDS Deduction Rate, Directs Fresh Assessment The Delhi High Court has revoked the non-speaking order that denied the issuance of a lower deduction...
ITAT: Expenditure under ESOP is an Allowable Expense The Income Tax Appellate Tribunal (ITAT), Delhi by its two-member bench of Challa Nagendra Prasad (Judicial Member) and Shamim Yahya (Accountant...
ITAT rules a company cannot get its accounts audited and approved in AGM the same day The assessing officer maintained the assessee had not followed the Income Tax Rules The Delhi bench of the...
ITAT permits disallowance as Cash payments exceeds Rs. 20,000 to Single Party in Single Day The Income Tax Appellate Tribunal (ITAT) Chennai bench permitted the disallowance under Section 40A(3) of...
CA cannot be prosecuted for client submitting ingenuine documents: Madras High Court The petitioner was charged under the Prevention of Money Laundering Act The Madras High Court has held that a...
Supreme Court rules government employees not entitled to LTC for foreign travel Reasons the purpose of the scheme was for people to gain perspective of the Indian culture by traveling within the...
No violation of rules in absence of cash payment for purchases exceeding prescribed limit : ITAT The assessee had appealed against the erroneous order passed by the revenue department The...
No retrospective application for disallowance under section 14A of the Income Tax Act can be made The revenue department had approached the bench after ITAT's order The Delhi High Court has held...
CBDT announces new Income Tax and TDS rules The circular explains all the provisions under varied segments for 2021-2022 The Central Board of Direct Taxes (CBDT) has released a circular...
ITAT rules against a penalty for non-filing of audit report electronically It said that under the Income Tax Act there was no mention of penalization The Bangalore Bench of the Income Tax...
