SC Upholds the ITC benefit of VAT Credit to genuine purchaser even if tax not paid by the Supplier
SC Upholds the ITC benefit of VAT Credit to genuine purchaser even if tax not paid by the Supplier …
Income Tax
From Section 115QA to Deemed Dividend: How the new Buyback provisions favour foreign investors?
From Section 115QA to Deemed Dividend: How the new Buyback provisions favour foreign investors? Buyback under earlier provisions: 1. …
Failure of Investigation: ITAT, Nagpur deleted ₹ 50 Lakh Addition
Failure of Investigation: ITAT, Nagpur deleted ₹ 50 Lakh Addition The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has allowed the…
Taxation of Community-Based Charitable Trusts Engaged in Hall or Facility Rentals under the Income-tax Act, 1961
Taxation of Community-Based Charitable Trusts Engaged in Hall or Facility Rentals under the Income-tax Act, 1961 1. Introduction: When…
The 10% tolerance band applies to aggregate land deal and not individual land deal: Nagpur ITAT
The 10% tolerance band applies to aggregate land deal and not individual land deal: Nagpur ITAT In a significant…
Ladoos, Love, and Liability: How the Taxman Sees Your Gifts
Ladoos, Love, and Liability: How the Taxman Sees Your Gifts We Indians don’t need an occasion to gift –…
Taxed Three Years Later? ITAT Rejects ₹50 Lakh Addition Over Illogical On-Money Claim
Taxed Three Years Later? ITAT Rejects ₹50 Lakh Addition Over Illogical On-Money Claim The Income Tax Appellate Tribunal (ITAT), Nagpur…
MCA due date extended till 31st December 2025.
MCA due date extended till 31st December 2025. The copy of the circular is as under: General-circular-20251017
Penalty U/S 270A Cannot Survive without Stating the Specific Limb of Misreporting: ITAT Mumbai
Penalty U/S 270A Cannot Survive without Stating the Specific Limb of Misreporting: ITAT Mumbai Hi-Tech Engineers v. ACIT, CC…
When Two Views are Possible, View Favouring Assessee to Prevail – ITAT Delhi Holds Section 56(2)(vii) Inapplicable to Purchase of Leasehold Rights
When Two Views are Possible, View Favouring Assessee to Prevail – ITAT Delhi Holds Section 56(2)(vii) Inapplicable to Purchase of…
Business Structuring under the Income Tax Act, 2025 – Continuity over Change
Business Structuring under the Income Tax Act, 2025 – Continuity over Change Introduction From a business structuring perspective, Income…
VAT Hawala Data Insufficient for 100% Disallowance: Bombay High Court Affirms Restriction to Profit Element in Bogus Purchase Cases
VAT Hawala Data Insufficient for 100% Disallowance: Bombay High Court Affirms Restriction to Profit Element in Bogus Purchase Cases Pr.…
Non-deposit in Capital Gains Account Scheme Not Fatal to Section 54 Exemption: ITAT Chennai
Non-deposit in Capital Gains Account Scheme Not Fatal to Section 54 Exemption: ITAT Chennai Krishnamoorthy Vijayaraghavan v. Income Tax Officer…
Notional Rent and Self-Occupied House Provisions under the Income Tax Act, 2025:
Notional Rent and Self-Occupied House Provisions under the Income Tax Act, 2025: 1. Introduction: The Income Tax Act, 2025…
No Nexus, No Addition: ITAT Deletes ₹50 Lakh U/s 69A Based on ‘Dumb’ Seized Document
No Nexus, No Addition: ITAT Deletes ₹50 Lakh U/s 69A Based on ‘Dumb’ Seized Document The Income Tax Appellate Tribunal…
It is mandatory to provide 1 month gap between ITR (audit) date and Tax Audit date: Gujarat HC on date extension petition
It is mandatory to provide 1 month gap between ITR (audit) date and Tax Audit date: Gujarat HC on date…
Can F&O loss be set off against capital gains?
Can F&O loss be set off against capital gains? Question: Whether loss incurred from trading in futures and options…
Whether employees of Government PSUs can be treated as Government employees for the purpose of income-tax exemptions on retirement benefits?
Whether employees of Government PSUs can be treated as Government employees for the purpose of income-tax exemptions on retirement benefits? Whether employees of Government PSUs…
