Biggest Tax Bonanza Ever! Budget 2025 Brings Smiles to Millions
Biggest Tax Bonanza Ever! Budget 2025 Brings Smiles to Millions The Union Budget 2025 has come out with a…
Income Tax
केंद्रीय बजट 2025-26 में व्यक्तिगत आयकर (Income Tax) में किए गए बदलावों की मुख्य बातें !
केंद्रीय बजट 2025-26 में व्यक्तिगत आयकर (Income Tax) में किए गए बदलावों की मुख्य बातें ! यहाँ केंद्रीय बजट 2025-26…
Top 75 Highlights of Budget 2025 By FM Nirmala Sithraman
Top 75 Highlights of Budget 2025 By FM Nirmala Sithraman No Income Tax upto Income of Rs 12 Lakhs, New…
Interplay between sub-sections (5) and (8) of section 144C of Income tax Act 1961
Interplay between sub-sections (5) and (8) of section 144C of Income tax Act 1961 The power of DRP under…
Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot
Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot Section 56(2)(vii)(c)(ii) of Income Tax Act…
Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty.
Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty. Mumbasi ITAT has recently held that…
Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070 crore
Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070…
Commission paid to Non-residents for services rendered outside India not taxable without PE in India
Commission paid to Non-residents for services rendered outside India not taxable without PE in India Chennai ITAT rules that…
An order discussing Section 220(2A) providing discretionary powers to the Chief Commissioner or Commissioner to waive or reduce the interest levied on delayed payment of tax
An order discussing Section 220(2A) providing discretionary powers to the Chief Commissioner or Commissioner to waive or reduce the interest…
VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was available as on 22 July 2024
VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was…
Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra
Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra The decision in Aastitva Jain Family Trust…
Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule FA in earlier and subsequent years.
Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule…
Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur.
Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur. ITAT Raipur recently has…
Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC
Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC …
Transfer of a share in partnership firm is also covered under section 56(2)(x)
Transfer of a share in partnership firm is also covered under section 56(2)(x) Section 56(2)(x) of Income Tax Act…
Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation of accommodation entries
Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation…
Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai
Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai Bhaskar Prataprai Shah Vs DCIT (ITAT…
Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever
Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever With Union Budget 2025 just a few days…
