Vintage car sale is subject to capital gains tax if there’s no proof of its personal use: Bombay High Court
Vintage car sale is subject to capital gains tax if there’s no proof of its personal use: Bombay High Court…
Income Tax
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…
Rajasthan High Court Condones Delay in Uploading Form 10B – A Relief for Charitable Institutions
Rajasthan High Court Condones Delay in Uploading Form 10B – A Relief for Charitable Institutions Case: Manav Seva Samiti, Udaipur…
Income tax for existing members in the case of redevelopment of existing societies:
Income tax for existing members in the case of redevelopment of existing societies: 1. What is Redevelopment? In redevelopment,…
SLP Dismissed! Yet the JAO–FAO Controversy Refuses to Die
SLP Dismissed! Yet the JAO–FAO Controversy Refuses to Die By now, the JAO–FAO controversy is threatening to become a…
Taxability of Interest on Motor Accident Compensation
Taxability of Interest on Motor Accident Compensation Taxability of Interest on Motor Accident Compensation The Bombay High Court held that…
When Rent Becomes Business Income – And When Property Deals Trigger Section 69
When Rent Becomes Business Income – And When Property Deals Trigger Section 69 Case: Rajesh Kumar Jaiswal vs. DC/ACIT (Central)…
ITAT Ahmedabad Allows Section 87A Rebate Against STCG Taxable u/s 111A Under New Tax Regime for AY 2024-25
ITAT Ahmedabad Allows Section 87A Rebate Against STCG Taxable u/s 111A Under New Tax Regime for AY 2024-25 Jayshreeben…
Whether 20% or 12.50% – How the New LTCG Rules Play a Surcharge Trick!
Whether 20% or 12.50% – How the New LTCG Rules Play a Surcharge Trick! When the Finance Minister first…
FAQ on 20% Vs. 12.50 % Tax Rate on Long-Term Capital Gains on Immovable Property
FAQ on 20% Vs. 12.50 % Tax Rate on Long-Term Capital Gains on Immovable Property 1. What exactly changed…
Carry-Forward Losses Face New Hurdle in the new Income Tax Bill: The 51% ‘Same Person’ Requirement
Carry-Forward Losses Face New Hurdle in the new Income Tax Bill: The 51% ‘Same Person’ Requirement Under the current…
Section 54F Relief Cannot Be Denied Just Because Sale Deed Wasn’t Registered in Time
Section 54F Relief Cannot Be Denied Just Because Sale Deed Wasn’t Registered in Time The Surat Bench of the Income…
CIT(E) Must Grant Approval Even If Institute Applied for Wrong Registration Under Section 10(23C): ITAT Chandigarh
CIT(E) Must Grant Approval Even If Institute Applied for Wrong Registration Under Section 10(23C): ITAT Chandigarh A recent ruling…
Return not processed U/s 143(1)(a), whether still notice under section 143(2) can be issued?
Return not processed U/s 143(1)(a), whether still notice under section 143(2) can be issued? As per section 143(2), notice has…
When the Income Tax Department Sends You a RERA Mail — A Case of Data Use or Data Misuse?
When the Income Tax Department Sends You a RERA Mail — A Case of Data Use or Data Misuse? In…
NEW ITR MANDATE: Report Exact Transfer Date of Capital Assets for AY 2025–26 to Avoid Scrutiny
NEW ITR MANDATE: Report Exact Transfer Date of Capital Assets for AY 2025–26 to Avoid Scrutiny In a significant move…
Reassessment Without Fresh Evidence is Invalid: ITAT Rules in Favour of Samtel India Ltd
Reassessment Without Fresh Evidence is Invalid: ITAT Rules in Favour of Samtel India Ltd No Fresh Material, No Reopening:…
Benami Account & Accommodation Entry: Tribunal Upholds Sham Transaction as Classic Benami Case
Benami Account & Accommodation Entry: Tribunal Upholds Sham Transaction as Classic Benami Case Introduction In a significant ruling with…
