No addition u/s. 68 of the Income Tax Act, 1961, merely for trading in penny stock, when the assessee submits necessary details and the AO fails to bring anything contrary on record.
Renting of Commercial Property – Taxable as it was not covered under exemption list. Renting of Residential property – ...
The Petitioner after passing of the Impugned Order, attempted filing of the appeal but it was claimed that as there was no ...
GST revenue for November 2024 showcased a growth trend, with gross collections rising by 8.5% year-on-year to ₹1,82,269 crore ...
Madras Cricket Club, the Income Tax Appellate Tribunal (ITAT) in Chennai dismissed the Revenue’s appeal regarding the addition of Rs. 1.91 crore as entrance fees in the club’s income for the ...
It is definitely most significant to note that in a major step that pertains directly to the Indian Army, the Karnataka High Court at Bengaluru in a most learned, laudable, landmark, logical and ...
Notice for re-opening u/s. 25(1) of KVAT Act issued within limitation period of six years: Kerala HC
Kerala High Court held that the limitation period for re-opening assessment under Section 25 (1) of the KVAT Act was six years. Notice issued on 12.02.2020 is well within the limitation period. Thus, ...
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