Will deadline for income tax filing change in the new income tax bill?
Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...
Tax Guru40m
Revision u/s. 264 accepted to rectify suo moto disallowance with belief that amount is taxable
Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxation, such mistake can be rectified via revision application under ...
Tax Guru33m
It is unfair to confirm penalty u/s. 271B before finalization of quantum assessment: ITAT Agra
ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjust and unfair. Accordingly, matter restored back to CIT (A) for fresh ...