Can Microsoft copilot create PPT Yes, Microsoft Copilot can definitely help you create PowerPoint presentations. Here’s how it can assist you: Generate a presentation from scratch: You can provide Copilot with a prompt describing your desired presentation, and it will generate a draft complete with slides, layouts, and even speaker notes. Transform a Word document… Read More »
Quashing of Criminal Proceedings for Belated Revised Return After Search and Seizure Summary in Key Points: Facts: Criminal proceedings were initiated against the assessee under Section 276CC for not filing a revised income tax return on time. The assessee explained that the delay was due to relevant records being seized during a search and seizure… Read More »
Income Tax Penalty order set aside as short notice Period was given to reply : High Court Summary in Key Points: Facts: The income tax department initiated penalty proceedings under Section 271(1)(c) against the assessee for concealment of income. However, they issued a show cause notice with less than 24 hours’ notice to submit a… Read More »
Reassessment Time Limit and the Impact of Court-Ordered Stay Summary in Key Points: Facts: The petitioner received a reassessment notice four years after filing their original return. They challenged this notice in court, obtaining a stay on the reassessment proceedings. After the court disposed of the writ petition, the Assessing Officer proceeded with the reassessment… Read More »
Adjustment of Seized Cash Against Tax Liabilities and Interest Implications Summary in Key Points: Facts: Cash was seized from the assessee during a search. The assessee accepted it as undisclosed income and requested its adjustment against self-assessment tax liability. This request was initially rejected. Later, the Assessing Officer adjusted the seized cash against the tax… Read More »
Interest on Borrowed Funds is part of Capital Asset Acquisition not taxable as Revenue Receipt Summary in Key Points: Facts: The assessee-company, established to acquire coal resources, borrowed funds from shareholders for a planned coal mine acquisition. Pending the acquisition, these funds were temporarily placed in short-term fixed deposits, generating interest income. The acquisition was… Read More »
How to open Whatsapp Business account It’s pretty straightforward to set up a WhatsApp Business account. Here’s a step-by-step guide: 1. Download the App: Android: Head over to the Google Play Store and search for “WhatsApp Business.” iPhone: Go to the Apple App Store and search for “WhatsApp Business. Download and install the app on… Read More »
Can Whatsapp Audio call be Recorded No, WhatsApp itself does not offer a built-in feature to record audio calls. This is largely due to privacy and legal reasons, as recording calls without the other party’s consent can be an issue in many jurisdictions. However, there are a few workarounds you can use: Third-Party Apps: Several… Read More »
Penalty Under Section 272A Not Justified When Assessee Eventually Complies and Assessment is Completed Key Facts: The AO initiated penalty proceedings under Section 270A and 272A(1)(d) for the assessee’s failure to respond to notices. The assessee did not respond to the initial notices but provided the required information in response to subsequent notices. The AO… Read More »
CIT(E) can’t deny registration of trust just because it has intention to carry out commercial activity: ITAT Summary in Key Points: Key Facts: The assessee is a Section 8 company incorporated for charitable purposes. It obtained provisional registration under Section 12AB. The CIT(E) denied final registration due to concerns about potential commercial activities mentioned in… Read More »