Income Tax

Recent Posts

• Section 74 Cannot Be Invoked by Merely Using the Words “Fraud” or “Suppression”: Supreme Court Lays Down Important Safeguards
• Section 16(5): A Second Chance for Old GST Input Tax Credit Claims
• Electricity Subsidy Taxable? Supreme Court Reiterates the “Purpose Test”
• Can a CBDT Circular Override the Income Tax Act? Supreme Court Gives an Important Reminder
• Builder’s Cash Receipts: When Can Unexplained On-Money Be Taxed Under Section 69A?
• Telangana HC Sets Aside GAAR on ₹49 Crore Bonus-Stripping Loss: On-Market Share Trades Are Not an “Arrangement”
• Doctor’s Entire Gross Professional Receipts Cannot Be Taxed as Net Income Merely Because Return Was Not Filed: ITAT Chennai
• GST Interest on Retrospective Price Escalation: Can Additional Consideration for Earlier Supplies Attract Interest?
• ₹1.97 Crore in a Minor’s Name, Already Clubbed With Father: Madras High Court Quashes Reassessment Against Minor
• Delay in Filing Form 10B: Can a Charitable Trust Still Claim Exemption under Section 11?