Case Laws
Revision u/s 263 cannot be made on a issue which was never a part of the assessment order to be revised.
Nilkanth Developers vs PCIT - 3
Facts of the case
Assessment order u/s. 143(3) was passed
26.03.2013 for A.Y.2010-11 disallowing
deduction claimed u/s. 80IB(10) of Rs.1,25,78,872/-. The same was confirmed by
CIT(A) but on further appeal before ITAT,...
Articles
Attention Taxpayers: New I-T portal to be activated from June 7, existing portal will be unavailable from June 1-6
The Income Tax Department will launch a new income tax filing portal on June 7.
What new income tax makeover aims at?
The new e-filing portal (www.incometax.gov.in) is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers...
Case Laws
Notice u/s 148 was issued in the name of dead person which is invalid in the eyes of law.
Sh. Haresh P. Shah, Legal Heir, Late Manjula P. Shah Vs ITO
Facts of the case
Notice for
reassessment proceedings u/s 147/148 was issued to dead person by the
department. Death certificate was furnished by the legal...
Income Tax
Application for Registration of Trusts or Charitable Institutions u/s 80G of Income Tax Act,1961
Section 80G of the Income Tax Act, 1961 provides deduction in respect of donations to specified funds, charitable institutions, trusts etc. which are approved u/s 80G. So, trusts and charitable institutions willing to receive...
Income Tax
9 Must-Know Startup acronyms
The world of startups is filled with new terminology and not being able to understand the can leave a bad impression and limit your network growth. Therefore, we have created this list of 9...
Articles
Do You Really Need Professional’s Help While Filing Your ITR?
When March approaches every year, we tend to focus on few compliances that we never thought of during the whole year and filing your ITR and the confusion of discussing it with professionals or...
Faceless
SC : “Public scrutiny of the court process remains a vital principle for the functioning of democracy.” Does this mean no more Faceless hearing?
With the announcement of recent budget, the proposal in respect of introduction of the scheme of Faceless ITAT has been a point of debate since there are mixed opinions regarding the same The...
Articles
Spending funds for setting up makeshift Hospitals, temporary COVID care facilities eligible as CSR activity #maskandmassappeal
Coronavirus crisis is intensifying with each passing day. Till you get vaccinated masks seem to be the only effective way to protect oneself from the deadly virus. Wearing masks properly, maintaining social distancing and...
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