Posted inBlog
ITAT Visakhapatnam Rules Ambiguous Section 271AAB Penalty Notices Invalid
ITAT Visakhapatnam deletes a Rs 10.98 lakh penalty, ruling that ambiguous Section 271AAB notices lacking specific statutory limbs are legally invalid.
Posted inBlog
Madras High Court Rules Vague Section 271AAB Income Tax Penalty Notices Invalid
Madras High Court upholds penalty deletion, ruling that income tax penalty notices under Section 271AAB lacking specific clauses are invalid.
Posted inBlog
Excess Stock Surrender Taxable as Business Income Normal Rate ITAT Chandigarh
ITAT Chandigarh rules that excess stock surrendered during a tax survey is taxable as business income at normal rates, excluding Sections 69B and 115BBE.
Posted inBlog
ITAT Bangalore Rules Section 11 Denial Does Not Make Entire Trust Receipts Taxable
ITAT Bangalore rules that denying Section 11 exemption to a trust does not automatically make gross receipts taxable without reviewing allowable expenses.
Posted inBlog
Supreme Court Rules Mutation in Revenue Records Does Not Decide Property Title
Supreme Court clarifies that property mutation and revenue entries only serve fiscal purposes and cannot confer or extinguish legal ownership.
Posted inBlog
CAGR Calculator vs Lumpsum Calculator: Understanding Key Investment Metrics
Discover the differences between CAGR and lumpsum calculators. Learn how to use both financial tools together to assess your investment performance effectively.
Posted inBlog
ITAT Mumbai Rules Section 143(3) Assessment Using Search Material Invalid
ITAT Mumbai rules section 143(3) assessments using search material legally unsustainable due to bypassed reassessment procedures and missing approvals.
Posted inBlog
Understanding Supply Under GST: Section 7 and Taxable Events
Learn what qualifies as a supply under GST Section 7. Explore taxable events, schedules, composite supplies, and judicial rulings in taxation.
Posted inBlog
Trademark Assignment and Transmission in India: Procedures and Rules
Learn about trademark assignment and transmission in India, covering required documents, Form TM-P, Registry procedures, and legal rules.
Posted inBlog
ITAT Mumbai Rules Form 9A Filed Before Extended Due Date Valid for AY 2019-20
ITAT Mumbai rules that Form 9A filed before the extended due date is valid for AY 2019-20, allowing deemed application and accumulation claims.