Income TaxSection 87A Rebate Litigation: Is the ITAT Appeal Fee Always ₹10,000? A Fresh Perspective1 month agoSection 87A Rebate Litigation: Is the ITAT Appeal Fee Always ₹10,000? A Fresh Perspective Can an Appeal Against Denial of…
Income TaxCan CPC Apply the Supreme Court’s Checkmate Judgment Retrospectively? ITAT Says No1 month agoCan CPC Apply the Supreme Court’s Checkmate Judgment Retrospectively? ITAT Says No A Debatable Issue Cannot Be Adjusted Under Section…
Income TaxSection 153C Cannot Be Invoked Mechanically: ITAT Jaipur Quashes Proceedings for Lack of Independent Satisfaction1 month agoSection 153C Cannot Be Invoked Mechanically: ITAT Jaipur Quashes Proceedings for Lack of Independent Satisfaction AO Cannot Simply Copy…
Income TaxOne House Sold… Two Houses Bought! Will Section 54 Still Save Your Tax?1 month agoOne House Sold… Two Houses Bought! Will Section 54 Still Save Your Tax? [Query 1] I am having an…
Income TaxSection 68 Cannot Be Invoked Mechanically: Gujarat High Court Says One-to-One Matching of Bank Credits with Sales Is Not Mandatory1 month agoSection 68 Cannot Be Invoked Mechanically: Gujarat High Court Says One-to-One Matching of Bank Credits with Sales Is Not Mandatory…
Income TaxOnline Rummy Loss Cannot Be Taxed as Gross Winnings: Hyderabad ITAT Deletes ₹3.54 Crore Addition1 month agoOnline Rummy Loss Cannot Be Taxed as Gross Winnings: Hyderabad ITAT Deletes ₹3.54 Crore Addition Assessing Officer Cannot Ignore…
Income TaxNo Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone1 month agoNo Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone Non-Filing of Form…
Income TaxCBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE1 month agoCBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE …
Income TaxCBDT Mandates Upload of Foreign Assets and Income Data in AIS and Form 26AS Under AEOI1 month agoCBDT Mandates Upload of Foreign Assets and Income Data in AIS and Form 26AS Under AEOI The Central…
Income TaxAssessment in the Name of a Deceased Person Is a Nullity: ITAT Allows Legal Ground Even If Not Raised Before CIT(A)1 month agoAssessment in the Name of a Deceased Person Is a Nullity: ITAT Allows Legal Ground Even If Not Raised Before…
Income TaxHas the Tax Shine Gone Off Sovereign Gold Bonds?1 month agoHas the Tax Shine Gone Off Sovereign Gold Bonds? [Query 1] I have acquired SGB from the secondary market…
Income TaxEven a 2-Day Delay Can Kill a Reassessment: Delhi High Court Draws a Strict Line on Section 148 Timelines2 months agoEven a 2-Day Delay Can Kill a Reassessment: Delhi High Court Draws a Strict Line on Section 148 Timelines …
Income TaxIs Delay the End of a Tax Case? ITAT Says Justice Must Prevail Over Technicalities2 months agoIs Delay the End of a Tax Case? ITAT Says Justice Must Prevail Over Technicalities Tribunal Condones Delay…
Income TaxDon’t Let Form 16 Decide Your Tax Liability!2 months agoDon’t Let Form 16 Decide Your Tax Liability! July is not just another month on the calendar. For…
Income TaxBank Refused to Sign CHG-1? ROC Says That’s No Excuse – Company and Directors Penalized ₹6.5 Lakh2 months agoBank Refused to Sign CHG-1? ROC Says That’s No Excuse – Company and Directors Penalized ₹6.5 Lakh Vehicle…
Income TaxCBDT Brings Relief for Charitable Trusts: Delay in Filing Form 10AB Condoned for 80G Renewal2 months agoCBDT Brings Relief for Charitable Trusts: Delay in Filing Form 10AB Condoned for 80G Renewal A Timely Relief for Genuine…
Income TaxRelated Party Transactions: Why Mere Disclosure Is Not Enough – ROC Penalty in Adani Power Case2 months agoRelated Party Transactions: Why Mere Disclosure Is Not Enough – ROC Penalty in Adani Power Case In corporate governance, documentation…
Income TaxRelated Party Transactions: Why Mere Disclosure Is Not Enough – ROC Penalty in Adani Power Case2 months agoRelated Party Transactions: Why Mere Disclosure Is Not Enough – ROC Penalty in Adani Power Case ROC Imposes…