Income Tax

Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai

26 Apr at 7:14 am

Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai Mumbai…

Income Tax

Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition

26 Apr at 7:05 am

Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition Surendra…

Income Tax

Whether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C?

26 Apr at 1:27 am

Whether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C? Chhattisgarh High…

Income Tax

Interest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount

25 Apr at 7:27 am

Interest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount …

Income Tax

Scheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible Assessee

25 Apr at 1:40 am

Scheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible…

Income Tax

Mutual Fund Gains of Singapore Resident Not Taxable in India under DTAA: ITAT Mumbai

25 Apr at 1:25 am

Mutual Fund Gains of Singapore Resident Not Taxable in India under DTAA: ITAT Mumbai ITAT Mumbai recently has held that…

Income Tax

Transfer of Depreciable Assets: Tax rate prescribed U/s 112 is applicable even if it is deemed to be taxed as short-term capital gains U/s 50.

24 Apr at 10:06 am

Transfer of Depreciable Assets: Tax rate prescribed U/s 112 is applicable even if it is deemed to be taxed as…

Income Tax

ITAT Delhi Sets Aside Reassessment over Missing Section 143(2) Notice

24 Apr at 6:36 am

ITAT Delhi Sets Aside Reassessment over Missing Section 143(2) Notice Recently, ITAT Delhi Sets Aside Reassessment Over Missing Section…

Income Tax

Remuneration and interest of a partner from partnership firm not covered U/s 44AD: Madras HC

24 Apr at 3:06 am

Remuneration and interest of a partner from partnership firm not covered U/s 44AD: Madras HC Remuneration and interest received…

Income Tax

An incorrect assumption of facts makes the entire reopening process legally untenable: ITAT Deharaudun

24 Apr at 1:28 am

An incorrect assumption of facts makes the entire reopening process legally untenable: ITAT Deharaudun ITAT Dehradun in the case…

Income Tax

ITAT directed CIT (E) for giving Permanent Registration as procedural non-compliance with state law doesn’t automatically imply non-genuineness of charitable activity.

23 Apr at 5:08 am

ITAT directed CIT (E) for giving Permanent Registration as procedural non-compliance with state law doesn’t automatically imply non-genuineness of charitable…

Income Tax

Power under section 245(2) to withhold refunds: An Overview

23 Apr at 2:02 am

Power under section 245(2) to withhold refunds: An Overview Introduction: Introduced by the Finance Act, 2023, this sub section…

Income Tax

Form 10AB with condonation option now available on e-filing portal

23 Apr at 1:49 am

Form 10AB with condonation option now available on e-filing portal 1. Introduction: The Income Tax Department has enabled the filing…

Income Tax

GST not includible in Gross Receipts for Income Computation U/S 44BB: ITAT Mumbai

23 Apr at 1:25 am

GST not includible in Gross Receipts for Income Computation U/S 44BB: ITAT Mumbai Oceaneering International GMBH Vs DCIT (International…

Income Tax

Sales recorded in books of account, even if alleged to be in genuine, do not result in income escaping assessment: Delhi HC

22 Apr at 1:19 am

Sales recorded in books of account, even if alleged to be in genuine, do not result in income escaping assessment:…

Income Tax

Amount received by illegal occupant is tax free?

21 Apr at 2:28 am

Amount received by illegal occupant is tax free? Recently, ITAT Mumbai in the case of Mohammed Fakhre Alam Shaikh…

Income Tax

No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi

21 Apr at 2:14 am

No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi …

Income Tax

Tax Payment Postponed, ₹30 Lakh Earned – All Thanks to a Smartly Timed Sale

21 Apr at 1:59 am

Tax Payment Postponed, ₹30 Lakh Earned – All Thanks to a Smartly Timed Sale Query 1: When Your Agricultural Land Is…

Income Tax

Compensation received for removing the nuisance should be treated as a capital receipt and hence not taxable: ITAT Mumbai

Unaccounted amount of Rs 103 cr credited to the account of a rickshaw driver: ITAT deleted the addition

Whether retraction of statement, without discrediting corroborative evidence, is insufficient to nullify additions under Sections 69A and 69C?

Interest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount

Scheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible Assessee

Mutual Fund Gains of Singapore Resident Not Taxable in India under DTAA: ITAT Mumbai

Transfer of Depreciable Assets: Tax rate prescribed U/s 112 is applicable even if it is deemed to be taxed as short-term capital gains U/s 50.

ITAT Delhi Sets Aside Reassessment over Missing Section 143(2) Notice

Remuneration and interest of a partner from partnership firm not covered U/s 44AD: Madras HC

An incorrect assumption of facts makes the entire reopening process legally untenable: ITAT Deharaudun

ITAT directed CIT (E) for giving Permanent Registration as procedural non-compliance with state law doesn’t automatically imply non-genuineness of charitable activity.

Power under section 245(2) to withhold refunds: An Overview

Form 10AB with condonation option now available on e-filing portal

GST not includible in Gross Receipts for Income Computation U/S 44BB: ITAT Mumbai

Sales recorded in books of account, even if alleged to be in genuine, do not result in income escaping assessment: Delhi HC

Amount received by illegal occupant is tax free?

No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi

Tax Payment Postponed, ₹30 Lakh Earned – All Thanks to a Smartly Timed Sale

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