Tax Guru

Section 159 Income Tax Rules on Legal Representative’s Liability After Taxpayer’s Death

Explains Section 159, legal representative obligations, estate liability limits, return filing process and treatment of ...
Opinion
Tax GuruOpinion

Climate Litigation: Can Courts Save the Environment?

Explains climate litigation, judicial doctrines, global trends, key arguments, critiques, and its role alongside legislation and ...
Tax Guru

Pune ITAT Upholds Denial of TDS Credit in Rectification; Wrong Deductor Details Cannot Be Corrected U/s 154

Pune ITAT upheld rejection of a Section 154 rectification application, holding that correction of incorrect deductor details ...
Tax Guru

Bogus Purchase Addition Deleted as Genuine Purchases Proved: ITAT Delhi

ITAT Delhi deleted bogus purchase additions, holding that genuine purchases and sales were supported by documentary evidence ...
Tax Guru

Assessment Quashed as ACIT Lacked Pecuniary Jurisdiction: ITAT Kolkata

ITAT Kolkata quashed the assessment, holding the ACIT lacked pecuniary jurisdiction under CBDT Instruction No. 1/2011 where ...
Tax Guru

ICAI Renews Five-Year Mutual Recognition Agreement with CPA Australia

ICAI and CPA Australia renewed their Mutual Recognition Agreement for five years to continue collaboration and professional ...
Tax Guru

Section 250 Order Set Aside for Non-Speaking Disposal of Appeal: ITAT Bangalore

ITAT Bangalore set aside the Section 250 order after finding the CIT(A) dismissed the appeal without adjudicating the grounds ...
Tax Guru

Section 68 Addition on Demonetisation Cash Deposits Deleted for Recorded Cash Sales: ITAT Jaipur

ITAT Jaipur deleted the Section 68 addition on demonetisation cash deposits after holding that recorded cash sales supported ...
Tax Guru

Ahmedabad ITAT Allows Full Exemption U/s 10(10B) on BSNL VRS Compensation, Rejects ‘Workman’ Restriction

ITAT Ahmedabad allowed full Section 10(10B) exemption on BSNL VRS compensation and directed the Assessing Officer to grant ...
Tax Guru

Disproportionate Assets Conviction Set Aside for Defective Investigation and Omission of Income: Madras HC

Madras High Court acquitted the appellant in a disproportionate assets case, holding that material income was omitted and mandatory investigation requirements were not ...
Tax Guru

Ahmedabad ITAT: Inability to Prove One Expense Cannot Justify Rejection of Entire Books of Account

ITAT Ahmedabad set aside rejection of books under Section 145(3) and remanded business promotion expense verification to the Assessing ...
Tax Guru

Goodwill Depreciation Allowed on Slump Sale Business Acquisition: ITAT Chennai

ITAT Chennai dismissed Revenue's appeals and upheld depreciation on goodwill arising from slump sale acquisitions, treating acquired business rights as eligible intangible ...