Capital Gain Taxation: ITAT Hyderabad interesting judgement on DVO, Litigation Expenses, Cost of Improvement
Once an assessment is linked to a search operation, it must be reopened under Section 153A/153C & not under Section 1480
Budget 2025: Welcome relief for individuals remitting funds abroad for educational purposes under the Liberalized Remittance Scheme (LRS).
Once a search action U/s 132 forms the foundation of a case, the Revenue must proceed under Section 153A/153C, rather than invoking reassessment under Section 147/148
Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change of Opinion – ITAT Ahmedabad
New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax Bill, 2025
For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court
Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra ITAT
Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name
