Profit on sale of assets is still taxable even if the block of assets continues to exist?
Profit on sale of assets is still taxable even if the block of assets continues to exist? ITAT Ahmedabad:…
Income Tax
PF WITHDRAWAL SIMPLIFIED – FROM 13 RULES TO JUST 3
PF Withdrawal Simplified – from 13 Rules to Just 3 EPFO 3.0 Revolution: The Employees’ Provident Fund Organisation (EPFO)…
Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum Sahgal v. ACIT
Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum…
TCS on Motor Vehicles Above ₹10 Lakh: The Most Misunderstood Provision in Income Tax-And Why Even Second-Hand Dealers, Companies, Firms and Large Individuals Must Comply
TCS on Motor Vehicles Above ₹10 Lakh: The Most Misunderstood Provision in Income Tax-And Why Even Second-Hand Dealers, Companies, Firms…
Selling Inherited Property? Here Are the Top 5 Tax Rules You Must Know
Selling Inherited Property? Here Are the Top 5 Tax Rules You Must Know If there is one topic that…
ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits
ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits Preity G…
Digital communications or whatsapp Chat cannot by themselves, justify tax additions: ITAT
Digital communications or whatsapp Chat cannot by themselves, justify tax additions: ITAT Recently, Mumbai ITAT in the case of…
Foreign Tax Credit Timing Mismatch When the Foreign Country Follows a January to December Tax Year
Foreign Tax Credit Timing Mismatch When the Foreign Country Follows a January to December Tax Year Many Indian…
Income-tax Act 2025: Mandatory Audit for Low-Margin Businesses Under Presumptive Scheme
Income-tax Act 2025: Mandatory Audit for Low-Margin Businesses Under Presumptive Scheme 1. Old Provisions: Under the existing presumptive taxation regime…
Whether the reclassification of business loss as speculation loss constitutes “under-reporting of income” for applicability of penalty under section 270A?
Whether the reclassification of business loss as speculation loss constitutes “under-reporting of income” for applicability of penalty under section 270A?…
Whether recording of satisfaction in the assessment order is a pre-condition for initiation of penalty u/s 271DA for violation of Section 269ST?
Whether recording of satisfaction in the assessment order is a pre-condition for initiation of penalty u/s 271DA for violation of…
Procedural lapses in assessment cannot be overlooked: Agra ITAT set aside assessment as void ab-initio
Procedural lapses in assessment cannot be overlooked: Agra ITAT set aside assessment as void ab-initio Hon’ble Agra ITAT has…
Chartered Accountants will be eligible to be ITAT members without condition of 25 years experience fixed under Tribunal Reforms Act: Supreme Court
Chartered Accountants will be eligible to be ITAT members without condition of 25 years experience fixed under Tribunal Reforms Act:…
Partner can claim expenses against Remuneration from partnership firm – ITAT rules in favour of Former ICAI President Atul Gupta.
Partner can claim expenses against Remuneration from partnership firm – ITAT rules in favour of Former ICAI President Atul Gupta. …
Writ jurisdiction under Article 226 cannot be invoked to adjudicate disputed facts without exploring an alternative statutory remedy under the Income Tax Act: Calcutta HC
Writ jurisdiction under Article 226 cannot be invoked to adjudicate disputed facts without exploring an alternative statutory remedy under the…
How to Get Section 80P Deduction Allowed After Late ITR Filing (CBDT Power, Monetary Limits & Legal Solution)
How to Get Section 80P Deduction Allowed After Late ITR Filing (CBDT Power, Monetary Limits & Legal Solution) If…
ITAT Delhi Quashes Section 68 Addition Due to Lack of Cross-Examination
ITAT Delhi Quashes Section 68 Addition Due to Lack of Cross-Examination JSM OILFIELDS SERVICES PVT. LTD. v. DCIT (ITA…
Compliance Calendar for ‘December’2025
Compliance Calendar for ‘December’2025 INCOME TAX ▪ 07th December 2025- Due date for deposit of Tax deducted and collected…
