1. No Legal Impediment for Paying Rent to Spouse: There is no legal bar under the Income Tax Act in paying rent to the spouse ...

Conclusion: Tax Concession on the buses owned by assessee to transport students and staff could not be denied just because ...

Madras High Court held that order passed against the dead person, who passed away before issuance of show cause notice, is ...

On September 19, 2024, the Government of India issued Notification No. 62/2024-Customs (N.T.) under the Customs Tariff Act, 1975, aimed at clarifying the definition of “laboratory chemicals.” The ...

Ground no. 2 : “That, the order u/s 143 (3) r.w.s. 147 of the I.T. Act, 1961 is bad-in-law as the notice u/s 143 (2) is issued beyond the statutory time limit.” 2. This ground goes to the root of the ...

2. In this regard, attention is drawn to rule 27 (1) of the Special Economic Zone rules, 2006 as amended. Accordingly, it is ...

ITAT Mumbai held that when the reserve/provisions created in the year where the assessee has increased the book profit u/s. 115JB of the Act, the assessee is entitled to reduce the amount withdrawn ...

In exercise of the powers conferred by clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, the Central ...

Delhi High Court held that cancellation of a tax payer’s GST registration does not absolve the tax payer from being held ...

As things stands, the Bench then reveals in para 10 that, “She further states that she has no objection if the proceedings ...

PROPOSED REVISION IN SA 600 FOR PUBLIC COMMENTS SA 600 (REVISED), SPECIAL CONSIDERATIONS- AUDITS OF GROUP FINANCIAL ...

ITAT Ahmedabad held that addition towards unsecured loan where loan was repaid is unsustainable, whereas, addition where assessee failed to demonstrate repayment or interest payment to creditor ...