5. It was further submitted that the petitioner is ready and willing to pay 10% of the disputed tax and that he may be ...

Held: In the instant case, the disallowance of interest expenses was made by AO by taking view that assessee had shown unsecured loan of Rs. 16,36,297/- and had also given loan and advances of Rs. 11, ...

ITAT Chennai Held that the construction of a new residential house to its existing residence with separate stair-case, kitchen, new electrical connection, water connection, etc. qualifies for ...

Before ITAT assessee supported his submission before CIT (A) and revenue supported on the orders of lower authority.

Madras High Court held that provision for leave salary is not allowable as deduction under section 43B (f) of the Income Tax Act since deduction of actual payment is allowable and not of provision.

ITAT Ahmedabad held that invocation of Revision proceedings under section 263 of the Income Tax Act after approval of the Resolution Plan by NCLT is against the Provisions of Law. Accordingly, ...

The sine qua non for acquiring jurisdiction to reopen an assessment is that notice under section 148 should be issued to a correct person and not to a dead person. Consequently, the jurisdictional ...

Kerala High Court held that time limit for furnishing GST return under section 39 for the month of September is to be treated as 30 th November in each financial year with effect from 01.07.2017. ITC ...

Mohanty Enterprises case, which allowed the revocation of cancellation for entities willing to comply with tax obligations.

The term ‘Banking Business Hours’ are the minimum number of hours that IBU shall provide services from its premises in IFSC.

The assessee on show cause resisted the proceedings by filing a response. According to the assessee there was no intent to ...

The appellant argued that although they had initially waived the claim of Rs. 1,57,818/-, they later found documents that ...