Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?
Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal? Scope of Amendment to Section 80IA(7) – ITAT Delhi :FIVD India Consulting Pvt. Ltd. v. DCIT, Circle 1(1), Gurgao...
Concept of Block of Assets under Section 32 of the Income-tax Act, 1961
Concept of Block of Assets under Section 32 of the Income-tax Act, 1961 The shift from asset-wise depreciation to the “block of assets” approach marked a significant evolution in Indian tax depreciation law. Before this r...
Role of Audit Evidence under SA 500 (Audit Evidence) Issued by ICAI in the Work of a Financial Auditor
Role of Audit Evidence under SA 500 (Audit Evidence) Issued by ICAI in the Work of a Financial Auditor Audit evidence lies at the heart of the auditor’s responsibility to express an independent opinion on financial stateme...
Notices issued under section 148 by JAO post April 1, 2022, valid & legal; Faceless scheme does not mandate faceless issuance
Notices issued under section 148 by JAO post April 1, 2022, valid & legal; Faceless scheme does not mandate faceless issuanceWhile adjudicating the validity of notice issued by Jurisdictional Assessing Officer (JAO) instead of ...
Estimation Theory Not Applicable for Entirely Bogus Purchases: Mumbai ITAT Restores Full Addition in DCIT v. Deepak Shah (2025)
Estimation theory inapplicable where entire purchases are non-genuine; Restores addition Mumbai ITAT allows Revenue’s appeal and reverses CIT(A) order and restores addition on account of purchases being entirely bogus a...