Income Tax

DTAA Rate vs. Section 206AA: Where a beneficial treaty rate exists, that rate must apply-even if the non-resident does not have a PAN

5 months ago

DTAA Rate vs. Section 206AA: Where a beneficial treaty rate exists, that rate must apply-even if the non-resident does not…

Income Tax

What counts as the “initiation of search” for non-searched persons post-Finance Act, 2021?

5 months ago

What counts as the “initiation of search” for non-searched persons post-Finance Act, 2021? The Madras High Court’s judgment in Shri…

Income Tax

Section 276C(2) demands proof of deliberate evasion, not just default.

5 months ago

Section 276C(2) demands proof of deliberate evasion, not just default. Recently, Hon’ble Justice S.M. Modak in a landmark Bombay…

Income Tax

Making a House Livable vs Making It Lovely: A Section 54 Reality Check

5 months ago

Making a House Livable vs Making It Lovely: A Section 54 Reality Check I recently sold my old house…

Income Tax

“JAGO CPC WALO!” – When the Income-Tax Department Sends Wake-Up Calls… After You’ve Already Woken Up

5 months ago

“JAGO CPC WALO!” – When the Income-Tax Department Sends Wake-Up Calls… After You’ve Already Woken Up If taxes ever needed…

Income Tax

Section 276C(2) demands proof of deliberate evasion, not just default.

5 months ago

Section 276C(2) demands proof of deliberate evasion, not just default. Recently, Hon’ble Justice S.M. Modak in a landmark Bombay…

Income Tax

Excess stock found during survey is taxable as business income and not as unexplained income under sections 69/69B: Jaipur ITAT

5 months ago

Excess stock found during survey is taxable as business income and not as unexplained income under sections 69/69B: Jaipur ITAT…

Income Tax

An assessment order making additions on matters beyond the scope and issues set out in the show cause notice is non est in law.

5 months ago

An assessment order making additions on matters beyond the scope and issues set out in the show cause notice is…

Income Tax

When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT

5 months ago

When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT Recently, ITAT…

Income Tax

Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad

5 months ago

Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad Recently,…

Income Tax

Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT

5 months ago

Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT In a landmark…

Income Tax

5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply statutory amendments retrospectively

5 months ago

5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply…

Income Tax

Income Tax Department Sends SMS & Emails to 25,000 Taxpayers for Non-Disclosure of Foreign Assets: A Serious Wake-Up Call for AY 2025–26

5 months ago

Income Tax Department Sends SMS & Emails to 25,000 Taxpayers for Non-Disclosure of Foreign Assets: A Serious Wake-Up Call for…

Income Tax

Section 153C Notice invalidated by Gujarat HC for Inordinate Delay in Recording Satisfaction Note

5 months ago

Section 153C Notice invalidated by Gujarat HC for Inordinate Delay in Recording Satisfaction Note The recent judgment of the Gujarat…

Income Tax

It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in GSTR 1 by supplier

5 months ago

It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in…

Income Tax

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property

5 months ago

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property ITAT Delhi recently in the case of Kusum…

Income Tax

Merely because a registered sale deed was not executed, the genuineness of consideration received under agreement to sell cannot be doubted

5 months ago

Merely because a registered sale deed was not executed, the genuineness of consideration received under agreement to sell cannot be…

Income Tax

Lack of definitive quantum of escapement and change of opinion: Gujarat HC held reopening invalid

5 months ago

Lack of definitive quantum of escapement and change of opinion: Gujarat HC held reopening invalid The assessee had recorded…

Income Tax

DTAA Rate vs. Section 206AA: Where a beneficial treaty rate exists, that rate must apply-even if the non-resident does not have a PAN

What counts as the “initiation of search” for non-searched persons post-Finance Act, 2021?

Section 276C(2) demands proof of deliberate evasion, not just default.

Making a House Livable vs Making It Lovely: A Section 54 Reality Check

“JAGO CPC WALO!” – When the Income-Tax Department Sends Wake-Up Calls… After You’ve Already Woken Up

Section 276C(2) demands proof of deliberate evasion, not just default.

Excess stock found during survey is taxable as business income and not as unexplained income under sections 69/69B: Jaipur ITAT

An assessment order making additions on matters beyond the scope and issues set out in the show cause notice is non est in law.

When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT

Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad

Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT

5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply statutory amendments retrospectively

Income Tax Department Sends SMS & Emails to 25,000 Taxpayers for Non-Disclosure of Foreign Assets: A Serious Wake-Up Call for AY 2025–26

Section 153C Notice invalidated by Gujarat HC for Inordinate Delay in Recording Satisfaction Note

It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in GSTR 1 by supplier

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property

Merely because a registered sale deed was not executed, the genuineness of consideration received under agreement to sell cannot be doubted

Lack of definitive quantum of escapement and change of opinion: Gujarat HC held reopening invalid

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