New Income Tax Bill 2025 Released with 536 section & 16 Schedule
New Income Tax Bill 2025 Released with 536 section & 16 Schedule NEW INCOMETAX BILL, 2025 536 sections 16…
Income Tax
Budget: Amendment in carry forward of losses-
Budget: Amendment in carry forward of losses- 1. Sec 72: Section 72 of the Income Tax Act provides that…
87A Rebate: A Loophole or a Logic-defying Legislation?
87A Rebate: A Loophole or a Logic-defying Legislation? The Indian tax system never ceases to surprise. Just when you…
Land aggregator acting as a broker is not liable under Section 269SS as he does not receive the amount in his own right: ITAT Chennai
Land aggregator acting as a broker is not liable under Section 269SS as he does not receive the amount in…
ITAT don’t have power to review its order – Judgement delivered prior to Checkmate Services Pvt. Ltd would continue
ITAT don’t have power to review its order – Judgement delivered prior to Checkmate Services Pvt. Ltd would continue In a significant…
Adjustments u/s 143(1) cannot be made on debatable issues without proper verification: Delhi ITAT
Adjustments u/s 143(1) cannot be made on debatable issues without proper verification: Delhi ITAT Here is an important analysis…
Faceless Assessment Scheme – CBI registered case against CA & Officers for Violation
Faceless Assessment Scheme – CBI registered case against CA & Officers for Violation CBI has registered a case against…
ओ शेयर मार्केट के शॉर्ट टर्म कैपिटल गैन……. एक भावनात्मक कहानी शॉर्ट टर्म कैपिटल गैन की…
ओ शेयर मार्केट के शॉर्ट टर्म कैपिटल गैन……. एक भावनात्मक कहानी शॉर्ट टर्म कैपिटल गैन की… टैक्स के मामले…
No Penalty under Section 271D on Broker for Handling Cash Transactions: ITAT Chennai
No Penalty under Section 271D on Broker for Handling Cash Transactions: ITAT Chennai ITAT Chennai recently has held that no…
No Disallowance under section 43B of Income tax on account of GST payable r.w.s. 143(1) intimation: Delhi ITAT
No Disallowance under section 43B of Income tax on account of GST payable r.w.s. 143(1) intimation: Delhi ITAT Here…
ITAT invalidates Section 263 Revision against Limited Scrutiny Jurisdiction
ITAT invalidates Section 263 Revision against Limited Scrutiny Jurisdiction Recently, ITAT has invalidated section 263 Revision against Limited Scrutiny…
If two views are possible and one of the views is taken by the AO then the CIT cannot exercise revisionary power under Section 263
If two views are possible and one of the views is taken by the AO then the CIT cannot exercise…
No Reasons, No Valid Order: Bombay High Court Quashes Reassessment for Procedural Lapses
No Reasons, No Valid Order: Bombay High Court Quashes Reassessment for Procedural Lapses The Bombay High Court, in Jayant Avinash…
Interest on enhanced compensation for the acquisition of agricultural land under section 28 of the Land Acquisition Act, 1894 is not exempt under section 10(37): Delhi ITAT
Interest on enhanced compensation for the acquisition of agricultural land under section 28 of the Land Acquisition Act, 1894 is…
Non-appearance of suppliers or their inability to respond to notices under Section 133(6) does not make the purchases non-genuine
Non-appearance of suppliers or their inability to respond to notices under Section 133(6) does not make the purchases non-genuine …
Budget proposals in relation to Transfer Pricing Provisions:
Budget proposals in relation to Transfer Pricing Provisions: 1. Introduction: a. It has been noted that in reference under…
Orders issued under Section 201 to be adjudicated by the Joint Commissioner (Appeals) under the e-Appeals Scheme, 2023: CBDT Circular
Orders issued under Section 201 to be adjudicated by the Joint Commissioner (Appeals) under the e-Appeals Scheme, 2023: CBDT Circular…
Whether deduction can be claimed in Updated Return after it is processed U/s 14(1)(a)
Whether deduction can be claimed in Updated Return after it is processed U/s 14(1)(a) If any taxpayers has failed to…
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