Interest free or lower interest loan given by Employer to employee will be considered as perquisite [Read order]
The benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed ...
Wednesday, November 12, 2025
Tag: Supreme court judgement
CBDT instructs Income tax officer to complete 148/ 147 assessment before 31.05.2023
In the said instructions a video conference of Hon'ble CBDT chairman has been discussed wherein it has been mentioned that ...
Calcutta High court quashes proceedings u/s 148 for AY 2014-15 after 01.04.2021 stating the same as time barred [Read order]
However, those were interim stay but now Calcutta High court has issued a final order and quashed the notice issued ...
Interim stay granted by Bombay high court in relation to notice u/s 148 issued for AY 2013-14 [Read order]
In the above judgement the court has accepted the initial plea of the petitioner i.e. assessee and has been granted ...
![Interim stay granted by Punjab and Haryana High Court in case of 148 notice issued for AY 2013-14 as per CBDT instructions [Read order]](https://www.taxontips.com/wp-content/uploads/2022/08/Punjab-and-harayan-high-court-350x250.jpg)
Interim stay granted by Punjab and Haryana High Court in case of 148 notice issued for AY 2013-14 as per CBDT instructions [Read order]
In the above judgement the court has accepted the initial plea of the petitioner i.e. assessee and has granted interim ...
No new loss can be claimed in revised return which was not claimed in original return – Supreme Court
The assessee can file a revised return in a case where there is an omission or a wrong statement. But ...
Instructions issued by CBDT in response to judgement passed by Hon’ble Supreme court in case of notice issued u/s 148 after 01.04.2021
CBDT has issued this instructions while reading it with the extension provided in TOLA and stating that this will extended ...
Supreme court Judgement on controversial issue of notice u/s 148 issued after 01.04.2021 passed in favor of Revenue | Detailed analysis of full judgement
The Supreme court has not completely reversed judgement of High courts, as high courts have also mentioned that AO were ...
Freebies given to doctors by Pharmaceutical companies cannot be claimed as expense under section 37 of Income tax act: Supreme Court of India
The conceded participation of the assessee- i.e., the provider or donor- was plainly prohibited, as far as their receipt by ...
Hon’ble Supreme Court issued notice in relation SLP filed against Allahabad High court judgement of quashing section 148 notice issued after 01.04.2021
Recently we have seen various High Court's passing judgement in favour of assessee in relation to notice being issued u/s ...
Supreme court further extends period of limitation for any judicial or quasi judicial proceedings till 28.02.2022 [Read order]
Hence, this means that under Income tax or GST if the period of limitation for filing any appeal or any ...
Deduction u/s 80-IA can be set off against total income and not restricted to business income – Supreme court judgement
Hon'ble Supreme court in case of Commissioner of Income Tax-I Versus M/s. Reliance Energy Ltd. (Formerly BSES Ltd.) through its ...
Supreme Court’s judgement to struck down the West Bengal Housing Industry Regulation Act, 2017( WBHIRA), holding it to be unconstitutional
Justice Chandrachud continued to observe that the state government then cannot reduce the Act to a dead letter. "If there ...
Landmark Supreme Court Judgement on purchase of software by resident from non-resident manufacturer considered as Royalty or not? | Does it hold good in todays’ world?
Hence, Hon'ble Supreme Court ruled that any such software sale are just sale of goods as per Income tax act ...
[Breaking news] Supreme court Verdict on loan moratorium case | No interest on interest | No extension of loan moratorium period
The Supreme Court on Tuesday rejected the pleas from various trade associations and corporate bodies to extend the six-month loan ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
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