Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itSelect the reason for validity check
I feel great..the news is still good.please give the reason too..thanks..
Why do you think the News as invalid?” Please mention the reason.
I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,
Write your reason
My Dear ,
Please write your reason against the objection raised in the box below.
Thanks,
Yours sincerely,
My Dear ,
I appreciate your effort.
May I request you to select one of the reasons for purging from below.
Harassing
Disrespectful or rude towards a person or a group.
Spam
Promotes an undisclosed link or product or service.
Ingenuine
Not seeking genuine answers .
Rotten
Vulgar, Obscene, abusive etc..
Alien
Not a post on law or business.
Plagiarism
Copied from other website or source and pasted here.
Unformatted
Has bad format, grammar, spelling so requires moderatation.
Thank you,
Yours sincerely,
Aaradhika, Thakurani's bestie
A9 Top Floor C Block Community Center, Naraina Vihar
New Delhi, Delhi 110028
View and comment on the tax updates on a single page
Do you think that the tax news in simple language are better? Can you write them in simple language? and then broadcast? Then Write them at shocks n mocks.
About shocksnmocks
-
ITAT Specifies - What Giving Fair Hearing Opportunity Practically Means?
The Income Tax Appellate Tribunal (ITAT) emphasized that the tax officer can't deny registration under Section 12 of the Income Tax Act without providing the assessee a reasonable opportunity to be heard. In this case, even though the assessee was g…
Login to write your news
"High Court of Gujarat Quashes Income Tax Warrant; Assessee Challenges Search &…
The Gujarat High Court annulled a warrant issued under Section 132 of the Income Tax Act on 22.02.2019, rendering subsequent actions based on the warrant void. The respondent (Assessee) contested the search and seizure authorization, deeming it a ba…
Login to write your news
Is Your CIT(A) Order Truly Based on Merits? ITAT Calls for Re-Adjudication
The Income Tax Appellate Tribunal (ITAT) has directed a re-adjudication, emphasizing the need for the Commissioner of Income Tax (Appeals) [CIT(A)] to pass orders based on merits. The Tribunal's intervention came after observing that the CIT(A) had …
Login to write your news
No Penalty for Estimations Using Peak Credit Theory.
The ITAT Chennai, in the case of Edward Sam Vs. Income Tax Officer, has emphasized the non-applicability of penalties under section 271(1)(c) when income adjustments are made using the peak credit theory. Edward Sam faced an addition under section 6…
Login to write your news
Your Assessment Order Needs Prior Show Cause Notice.
The Delhi High Court recently emphasized the significance of procedural due diligence in taxation matters. In a case involving SB Distributors, the court ruled that the income revision initiated by the Income Tax Officer (ITO) under section 147 was …
Login to write your news
When Your Demonetized Cash Deposit Faces Legal Scrutiny: Understanding the ITAT…
SAP Medicals (P) Ltd faced an ITAT inquiry over a cash deposit of ₹39,74,500 during the demonetization period. The deposit, accepted from various hospitals in demonetized currency, violated demonetisation provisions. The Assessing Officer's failure …
Login to write your news
Your Re-Assessment Notice: Why It's Crucial for Tax Officers to Detail Their Id…
The Delhi High Court recently invalidated a re-assessment order against Jindal Exports and Imports Private Limited. The crux? The order, issued under Section 148A(b) of the Income Tax Act, failed to mention the issuing officer's name and designation…
Login to write your news
Your Delayed EPF, ESIC Payments are because of EPF, ESIC Site Downtime? ITAT Un…
The Income Tax Appellate Tribunal (ITAT) Indore recently ruled in favor of Devendra Singh Chauhan, who faced disallowance for delayed deposits of EPF and ESIC Employee Contribution due to the non-working EPF and Employee State Insurance Corporation …
Login to write your news
What if Tax Officer Denies 43B Expenses Paid After Tax Audit Report Date but Be…
The Income Tax Appellate Tribunal (ITAT) in Chandigarh addressed a complex issue in "Eastman Exports Private Limited Vs DCIT." The dispute involved tax deductions of Rs. 17,53,799/- under section 43B for bonuses paid after the tax audit report date …
Login to write your news
ITAT Delhi Rules in Favor of Anuj Sood Over Marriage Gifted Jewellery valuing u…
The Income Tax Appellate Tribunal (ITAT) Delhi has given a favorable verdict to Anuj Sood concerning jewellery received as gifts during his marriage. Previously, an addition of Rs. 73,87,343 was made by the Assessing Officer under sections 69B and 1…
Login to write your news
ITAT Delhi Rules: Absence of Dissolution Clause in Trust Deed Doesn't Hinder Se…
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has clarified that the absence of a dissolution clause in a trust deed should not be a reason to deny an application for registration under Section 12AA of the Income Tax Act, 1961. This decision …
Login to write your news
High Court Overturns Posthumous Assessment Order Under IT Act's Section 148A(b)
The High Court has nullified a posthumous assessment order issued under Section 148A(b) of the Income Tax Act. This pivotal ruling provides significant insights into the interpretation and application of the Act, especially concerning posthumous ass…
Login to write your news-
Delhi High Court Overturns TDS Penal Action Against Real Estate Giant DLF
Income Tax,Aug. 02, 2023The Delhi High Court recently overturned a Tax Deducted at Source (TDS) penal action against DLF, a leading real estate company. The court found that the penal action was unjustified, as DLF had adhered to the TDS provisions of the Income Tax Act. This ruling provides crucial clarity on the applicability of TDS penal actions.
-
ITAT: Partnership Profit Share Not Taxable Due to Firm's Tax Non-Payment
Income Tax,Aug. 02, 2023The mem discusses a ruling by the Income Tax Appellate Tribunal (ITAT) that a partner's share of partnership profit is not taxable due to the firm's non-payment of taxes. The ruling was made in the context of a dispute over the taxability of such profit shares.
-
ITAT Greenlights Capitalization of Penal Interest
Income Tax,Aug. 02, 2023The mem discusses a ruling by the Income Tax Appellate Tribunal (ITAT) that allowed the capitalization of penal interest paid to the New Okhla Industrial Development Authority (NOIDA). The ruling was made in the context of a dispute over the tax treatment of such interest payments.
-
ITAT Upholds Addition for Failure to Explain Large Share Premium
Income Tax,Aug. 02, 2023The Income Tax Appellate Tribunal (ITAT), Kolkata, upheld an addition made by the Income Tax Officer (ITO) in the case of Timely Commercial Pvt. Ltd. The company failed to explain a large share premium received, leading to the dismissal of their appeal.
-
ITAT Rules Machinery Repair Costs as Revenue Expenditure in Petrol Pump Business
Income Tax,Aug. 02, 2023In, a landmark ruling the Income Tax Appellate Tribunal (ITAT) Kolkata has classified machinery revenue repair costs for petrol pump businesses as expenditure, not capital. This decision, pivoting on the absence of a new asset creation or enduring businesses benefit, has significant implications for similar.
Delhi High Court Sets Aside Assessment Order Due to Notice Sent to Incorrect Em…
The Delhi High Court has set aside an assessment order because the notice was sent to an incorrect email address. The court emphasized the importance of proper communication in legal proceedings and upheld the rights of the assessee.
Income Tax,Aug. 01, 2023-
Meghalaya HC: Interest Eligible on Refund of Excise Duty Deposit under Protest
Income Tax,Aug. 01, 2023The Meghalaya High Court has ruled that an assessee is entitled to claim interest on the refund of a deposit made “under protest” during an investigation. This ruling provides clarity on the issue and protects the rights of the assessee in similar cases in the future.
-
Escaped assessment of outward foreign remittances – HC Orders Re-examination of…
Income Tax,Jul. 12, 2023High Court Orders Re-examination of Material in Writ Petition Challenging Assessment of Outward Foreign Remittances.
Invalid Rejection: Appeal Upheld as Vehicle Breakdown Results in New E-way Bill…
Income Tax,Jul. 11, 2023Writ Petition Challenging Appellate Authority's Order Dismissed: Fresh Consideration Ordered for Vehicle Breakdown and New E-way Bill Generated Post Interception
Colgate Palmolive Malaysia's Payment from Colgate India for SAP System Access N…
The present appeal involves the Revenue challenging an order passed by the Income Tax Appellate Tribunal (ITAT) regarding the assessment year 1999-2000. The case involves Colgate Palmolive Marketing SDN BHD, a Malaysian entity engaged in marketing and distribution, and Colgate Palmolive (India) Limited (CPI). The dispute revolves around payments made by CPI to the Assessee for the use of the Assessee's SAP system and rendering of services. The Asse…
Income Tax,Jul. 08, 2023-
Income Tax , Jul. 05. 2023Delhi High Court Rules No Section 40A(3) Disallowance for Cash Payment on Selle…
-
Income Tax , Jul. 03. 2023Calcutta HC Directs Readjudication as Customs Refund Claim Rejected Ignoring CB…
-
Income Tax , Jul. 05. 2023Delhi High Court Quashes Section 148A(d) Order Due to Misplaced Allegation in N…
-
Income Tax , Jul. 04. 2023Bombay High Court Rules KVSS Determination Provides Protection Against Reassess…
-
Income Tax , Jul. 04. 2023
"Delhi HC Quashes Income Tax Notice Against NRI for Foreign Remittance on Sale …
Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itCheck your phone. I have messaged an OTP. It is a 5 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend it
Thanks, for confirming your phone number.
You can change it in your profile.Are you a tax professional?
If yes, then you can earn
money through me.Click on the subject of your choice. I will show major of these to you.
Click on the subject of your choice. I will show major of these to you.
download the mobile app
Hiya ,
You have successfully created your diary. You can access it from 'Store/Your Stuff' section.
OK