Income TaxOnce purchases are held to be bogus, the entire amount claimed cannot be whittled down by estimating a profit element1 year agoOnce purchases are held to be bogus, the entire amount claimed cannot be whittled down by estimating a profit element…
Income TaxDouble Pension, Single Tension: The Tale of Form 26AS Confusion!1 year agoDouble Pension, Single Tension: The Tale of Form 26AS Confusion! [Query 1] I retired on 31st Jan 2024 and up…
Income TaxA Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA1 year agoA Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA In a significant case…
Income TaxITAT Nagpur on Section 80P: When “Operational Funds” Don’t Become “Other Income”1 year agoITAT Nagpur on Section 80P: When “Operational Funds” Don’t Become “Other Income” Case: Jalsampda Karmchari Sahakari Patsanstha Maryadit vs.…
Income TaxJudicial Interpretation of Sections 54/54F: Commencement of Construction and the Limits of Extension:1 year agoJudicial Interpretation of Sections 54/54F: Commencement of Construction and the Limits of Extension: 1. Section 54 Relief when a residential…
Income TaxSection 43CA Relief: ITAT, Nagpur aggregates Land Deals, Quashes ₹57.68 Lakh Tax Demand1 year agoSection 43CA Relief: ITAT, Nagpur aggregates Land Deals, Quashes ₹57.68 Lakh Tax Demand In a significant case argued by…
GSTIncome TaxTDSCompliance Calender October 20251 year agoCompliance Calender October 2025 7th October – Income Tax TDS 10th October – GST TDS & TCS 11th October…
Income TaxProduction of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi1 year agoProduction of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi B & B Sharecom…
Income TaxReassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal1 year agoReassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal Saif Ali Mansoor…
Income TaxSection 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle?1 year agoSection 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle? For decades, charitable and religious…
Income TaxWhether due date for audit is extended for charitable trust also or not?1 year agoWhether due date for audit is extended for charitable trust also or not? CBDT has recently extended the due…
Income TaxReserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days1 year agoReserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days In the world of taxation, deadlines are…
Income TaxAn Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp1 year agoAn Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp The CBDT has extended the tax audit…
Income TaxDear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption1 year agoDear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption…
Income TaxITAT Nagpur allows 80P Deduction on Interest received by co-operative societies from Nationalised Bank1 year agoITAT Nagpur allows 80P Deduction on Interest received by co-operative societies from Nationalised Bank In a significant relief to…
Income TaxKey Income Tax Deductions & Exemptions Available in Both Old and New Regimes1 year agoKey Income Tax Deductions & Exemptions Available in Both Old and New Regimes The new tax regime (Sec. 115BAC)…
Income TaxExtension with Arrogance: CBDT’s Gift Wrapped in Insult1 year agoExtension with Arrogance: CBDT’s Gift Wrapped in Insult The Central Board of Direct Taxes (CBDT) has once again played…
Income TaxCBDT’s Extension Drama: Shameless in Denial, Painless in Governance1 year agoCBDT’s Extension Drama: Shameless in Denial, Painless in Governance When the entire tax fraternity was crying hoarse about portal…