Different types and reasons for important notices Section 142(1) Notice – Pre-evaluation investigation: Section 142(1) Notice is generally intended to be used to invite taxpayers to provide the documents… Read More
Direct Tax : Bombay HC dismisses Revenue’s appeal, upholds ITAT’s exclusion of 4 comparables on grounds of functional dissimilarity, abnormal profit etc. for assessee providing software development services to AE… Read More
Due Date of ITR Filing in India Check the last date to file ITR For FY 2021-22(AY 2022-23) Many of us wait till the last minute before springing into action… Read More
corporate and professional updates 10 aug 2018 Direct Tax : Kerala HC reverses ITAT order, upholds CIT’s cancellation of registration in case of assessee-Trust (having objects of establishing a fund for… Read More
Corporate and professional updates 9th aug 2018 Direct Tax : Ahmedabad ITAT rejects assessee’s methodology towards adjustment and set off of brought forward loss and unabsorbed depreciation while calculating book… Read More
Direct Tax : ITAT remits issue whether price fixed under MAP concluded with USA in respect of call centre and share services transactions with US-AEs can be adopted in case… Read More
Direct Tax : Karnataka HC dismisses assessee’s appeal challenging ITAT-order on 2 comparables (Jeevan Scientific Technologies Ltd and ICRA Online Ltd) for assessee rendering ITeS to AE for AY 2011-12,… Read More
Direct Tax : Madras HC reverses ITAT order for AY 2000-01, Rejects Revenue's capital expenditure plea for non-compete fees paid by assessee-company (a television broadcasting co.) to one of its… Read More
Direct Tax : Indore ITAT rules that CIT is not empowered to direct AO to issue notice u/s 143(2) after expiry of normal limitation period, quashes time-barred assessment for AY… Read More
What's DIR-3 KYC web electronic form? If in any previous financial year the director has already filed the e-form DIR-3 KYC and all of his personal data such as name,… Read More