Income Tax

Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose legal validity: Gujarat HC

5 months ago

Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose…

Income Tax

Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or providing/receiving accommodation entries

5 months ago

Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or…

Income Tax

To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or re-examination.

5 months ago

To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or…

Income Tax

What is not taxable under section 5(2) cannot be brought to tax indirectly through a deeming fiction under section 69.

5 months ago

What is not taxable under section 5(2) cannot be brought to tax indirectly through a deeming fiction under section 69.…

Income Tax

Delhi HC upheld Concurrent Jurisdiction of JAO/FAO for issuing notice under section 148

5 months ago

Delhi HC upheld Concurrent Jurisdiction of JAO/FAO for issuing notice under section 148 The Delhi High Court held that the…

Income Tax

Profit on sale of assets is still taxable even if the block of assets continues to exist?

5 months ago

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

5 months ago

PF Withdrawal Simplified – from 13 Rules to Just 3 EPFO 3.0 Revolution: The Employees’ Provident Fund Organisation (EPFO)…

Income Tax

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

5 months ago

Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum…

Income Tax

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

5 months ago

TCS on Motor Vehicles Above ₹10 Lakh: The Most Misunderstood Provision in Income Tax-And Why Even Second-Hand Dealers, Companies, Firms…

Income Tax

Selling Inherited Property? Here Are the Top 5 Tax Rules You Must Know

5 months ago

Selling Inherited Property? Here Are the Top 5 Tax Rules You Must Know If there is one topic that…

Income Tax

ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits

5 months ago

ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits Preity G…

Income Tax

Digital communications or whatsapp Chat cannot by themselves, justify tax additions: ITAT

5 months ago

Digital communications or whatsapp Chat cannot by themselves, justify tax additions: ITAT Recently, Mumbai ITAT in the case of…

Income Tax

Foreign Tax Credit Timing Mismatch When the Foreign Country Follows a January to December Tax Year

5 months ago

Foreign Tax Credit Timing Mismatch When the Foreign Country Follows a January to December Tax Year Many Indian…

Income Tax

Income-tax Act 2025: Mandatory Audit for Low-Margin Businesses Under Presumptive Scheme

5 months ago

Income-tax Act 2025: Mandatory Audit for Low-Margin Businesses Under Presumptive Scheme 1. Old Provisions: Under the existing presumptive taxation regime…

Income Tax

Whether the reclassification of business loss as speculation loss constitutes “under-reporting of income” for applicability of penalty under section 270A?

5 months ago

Whether the reclassification of business loss as speculation loss constitutes “under-reporting of income” for applicability of penalty under section 270A?…

Income Tax

Whether recording of satisfaction in the assessment order is a pre-condition for initiation of penalty u/s 271DA for violation of Section 269ST?

5 months ago

Whether recording of satisfaction in the assessment order is a pre-condition for initiation of penalty u/s 271DA for violation of…

Income Tax

Procedural lapses in assessment cannot be overlooked: Agra ITAT set aside assessment as void ab-initio

5 months ago

Procedural lapses in assessment cannot be overlooked: Agra ITAT set aside assessment as void ab-initio Hon’ble Agra ITAT has…

Income Tax

Chartered Accountants will be eligible to be ITAT members without condition of 25 years experience fixed under Tribunal Reforms Act: Supreme Court

5 months ago

Chartered Accountants will be eligible to be ITAT members without condition of 25 years experience fixed under Tribunal Reforms Act:…

Income Tax

Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose legal validity: Gujarat HC

Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or providing/receiving accommodation entries

To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or re-examination.

What is not taxable under section 5(2) cannot be brought to tax indirectly through a deeming fiction under section 69.

Delhi HC upheld Concurrent Jurisdiction of JAO/FAO for issuing notice under section 148

Profit on sale of assets is still taxable even if the block of assets continues to exist?

PF WITHDRAWAL SIMPLIFIED – FROM 13 RULES TO JUST 3

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

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

Selling Inherited Property? Here Are the Top 5 Tax Rules You Must Know

ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits

Digital communications or whatsapp Chat cannot by themselves, justify tax additions: ITAT

Foreign Tax Credit Timing Mismatch When the Foreign Country Follows a January to December Tax Year

Income-tax Act 2025: Mandatory Audit for Low-Margin Businesses Under Presumptive Scheme

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?

Procedural lapses in assessment cannot be overlooked: Agra ITAT set aside assessment as void ab-initio

Chartered Accountants will be eligible to be ITAT members without condition of 25 years experience fixed under Tribunal Reforms Act: Supreme Court

Recent Posts

Recent Posts

Sign Up to New letter