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Tag: Income Tax

Direct Tax

ITAT Deletes Income Tax Addition Sold Based On Statements Recorded Without Corroborative Evidence Of Unaccounted Sales

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Direct Tax

CBDT Specifying Circumstances For Enquiries/Verification Functions

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Direct Tax

Loan Repayment Supports The Genuineness Of Transactions; ITAT Deletes Income Tax Addition

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Indirect Taxes

No Tax On Consumption Of Electricity By Central Govt Agencies After Sale By Board: Punjab And Haryana High Court

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Direct Tax

Income Tax Deduction Allowable On Interest Income Earned From Deposits With Co-operative Banks: ITAT

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Indirect Taxes

PNB WORKING AS RBI AGENT FOR DISCHARGE OF SOVEREIGN FUNCTIONS, NO SERVICE TAX APPLICABLE: CESTAT

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GST

GST Not Applicable On Penalties, Late Fees, Penal Interest, Fine Collected By RBI, Of Law: Maharashtra AAR

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Direct Tax

AO Yet To Frame Assessment, Writ Court Should Not Interfere At Premature Stage: Punjab And Haryana High Court

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Direct Tax

PROCEEDINGS IMPOSING PENALTY ON CONTRAVENTION OF PENAL PROVISIONS ARE QUASI-CRIMINAL ONUS ON DEPT. TO GIVE CATEGORICAL FINDING: ITAT

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Direct Tax

NO ASSESSMENT PROCEEDINGS PENDING AS OF SEARCH DATE: ITAT UPHOLDS DELETION OF INCOME TAX ADDITION TOWARDS UNEXPLAINED EXPENDITURES

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