Section 24(b): Processing Fee, Insurance and Maintenance Charges Can Also Qualify as “Interest”
Section 24(b): Processing Fee, Insurance and Maintenance Charges Can Also Qualify as “Interest” When a taxpayer borrows money…
Income Tax
Redevelopment of Housing Society: ₹18.40 Crore Capital Gain Cannot Simply Be Taxed in Society’s Hands
Redevelopment of Housing Society: ₹18.40 Crore Capital Gain Cannot Simply Be Taxed in Society’s Hands Mumbai ITAT holds…
Fake Income-Tax Raid: When Fear Becomes a Tool for Extortion
Fake Income-Tax Raid: When Fear Becomes a Tool for Extortion A ₹1 crore demand, fake officials and a staged…
Section 74 Cannot Be Invoked by Merely Using the Words “Fraud” or “Suppression”
Section 74 Cannot Be Invoked by Merely Using the Words “Fraud” or “Suppression” Supreme Court in Tata Steel…
Section 54GB Exemption on Start-up Investment: ITAT Allows ₹1.48 Crore Deduction
Section 54GB Exemption on Start-up Investment: ITAT Allows ₹1.48 Crore Deduction Proportionate investment qualifies, extended deadline applies and…
A Nephew Is a Relative—But Is He a Lineal Descendant?
A Nephew Is a Relative—But Is He a Lineal Descendant? A few weeks ago, a seemingly simple family…
Six Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice
Six Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice When the SOP…
Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries
Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries …
Section 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief
Section 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief No plan approval requirement, no automatic denial…
ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know
ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know CBDT’s new form puts the…
Section 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court
Section 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court Supreme Court holds that where…
Updated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets?
Updated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets? The 60% vs 70% comparison…
Can a Third-Party Seized Document Reopen Your Assessment? Gujarat HC Says There Must Be a “Live Nexus”
Can a Third-Party Seized Document Reopen Your Assessment? Gujarat HC Says There Must Be a “Live Nexus” A broker’s…
Surrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi
Surrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi GRP Auto ruling highlights an important principle:…
Section 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore
Section 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore Substantial investment in construction of a residential house…
The Gift Has Changed Hands-But Has Its Tax History Also Changed?
The Gift Has Changed Hands-But Has Its Tax History Also Changed? Last week, I shared an interesting conversation…
ITR-BN: The New Return Form for Block Assessments
ITR-BN: The New Return Form for Block Assessments What CBDT has done: On 24 July 2026, CBDT has…
ITR Deadline 31 August 2026: Points to remember-
ITR Deadline 31 August 2026: Points to remember- 31st August is not an extension of due date. The…
