Indexation Is Back… But With Hidden Side-Effects! (Part 2 of the Surcharge Saga)
Indexation Is Back… But With Hidden Side-Effects! (Part 2 of the Surcharge Saga) “The taxpayer can compute the tax under…
Income Tax
Bombay High Court Quashes ITAT Order for Non-Adjudication of DIN and Limitation Grounds
Bombay High Court Quashes ITAT Order for Non-Adjudication of DIN and Limitation Grounds Skyway Infraprojects Pvt. Ltd. v. DCIT…
Income Tax deductibility of Foreign Education Funded by Employers
Income Tax deductibility of Foreign Education Funded by Employers Issue: Many multinational and large Indian companies sponsor their employees…
Joint Development Agreements: Why the Taxman Waits Till Your Flats Are Ready
Joint Development Agreements: Why the Taxman Waits Till Your Flats Are Ready [Query 1] I will be most grateful to…
Income Tax on sale of carbon credits:
Income Tax on sale of carbon credits: Introduction: 1. India, being one of the largest issuers of carbon credits under…
Limited Scrutiny or complete Scrutiny not mentioned in Notice Issued under Section 143(2) – Are they legally valid?
Limited Scrutiny or complete Scrutiny not mentioned in Notice Issued under Section 143(2) – Are they legally valid? One of…
Bombay High Court Quashes Reassessment for AY 2016 – 17 and 2017 – 18: Lack of Proper Sanction Under Section 151 Fatal
Bombay High Court Quashes Reassessment for AY 2016 – 17 and 2017 – 18: Lack of Proper Sanction Under Section…
Taxation of Sale of Under-Construction Property Before Registration
Taxation of Sale of Under-Construction Property Before Registration Buying an under-construction flat or property has become very common in India.…
Delhi High Court Allows Consolidated Show Cause Notices in GST ITC Fraud Cases
Delhi High Court Allows Consolidated Show Cause Notices in GST ITC Fraud Cases Case: Ambika Traders v. Additional Commissioner, Adjudication DGGSTI,…
Calcutta High Court Quashes Reassessment: Borrowed Satisfaction Cannot Justify Reopening
Calcutta High Court Quashes Reassessment: Borrowed Satisfaction Cannot Justify Reopening Case: PCIT-1, Kolkata vs. Krishna Nirman Pvt. Ltd. Citation: ITAT/126/2025, Order dated…
Charitable Trust Renewal & Tax Audit Deadlines: A Stressful September Ahead for CAs
Charitable Trust Renewal & Tax Audit Deadlines: A Stressful September Ahead for CAs Friends, September this year is shaping…
ITAT Delhi: Secondment of Employees Does Not Create Fixed Place PE under India–Japan DTAA
ITAT Delhi: Secondment of Employees Does Not Create Fixed Place PE under India–Japan DTAA Mitsui Mining and Smelting Company…
Agricultural Income: A Comparative Analysis of the 1961 and 2025 Income-tax Acts:
Agricultural Income: A Comparative Analysis of the 1961 and 2025 Income-tax Acts: Agricultural Income: A Comparative Analysis of the 1961…
Punjab & Haryana High Court Grants Bail to Income Tax Officer in ₹25 Lakh Bribery Case
Punjab & Haryana High Court Grants Bail to Income Tax Officer in ₹25 Lakh Bribery Case The Punjab and Haryana…
Widow entitled to TDS in the name of her late husband, after she had declared his income in her own tax returns (ITRs): ITAT
Widow entitled to TDS in the name of her late husband, after she had declared his income in her own…
The Finance Act, 2025, due to a drafting lapse, inadvertently reduced the standard deduction under the new tax regime from ₹75,000 to ₹50,000, for FY 25-26
The Finance Act, 2025, due to a drafting lapse, inadvertently reduced the standard deduction under the new tax regime from…
Lack of Enquiry vs. Inadequate Enquiry’ – ITAT Chennai Allows Appeal, Strikes Down 263 Order
Lack of Enquiry vs. Inadequate Enquiry’ – ITAT Chennai Allows Appeal, Strikes Down 263 Order Subramaniam Mohan Sundaram &…
CBDT Amends Black Money Act Instructions to Exempt Minor Foreign Assets
CBDT Amends Black Money Act Instructions to Exempt Minor Foreign Assets Background and Objective of the Amendment The Central…
