Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate u/s 112
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate…
Income Tax
Updated Return 2.0: From Correction Tool to Compliance Settlement Framework
Updated Return 2.0: From Correction Tool to Compliance Settlement Framework We have discussed the Updated Income Tax Return (ITR-U)…
ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form
ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form A significant compliance reminder for companies that…
Budget 2026: No deduction of interest in case of dividend income
Budget 2026: No deduction of interest in case of dividend income Amendment: 1. The Union Budget 2026 has proposed…
AI vs. Tax Evasion: The Success of NUDGE:
AI vs. Tax Evasion: The Success of NUDGE: Meaning of NUDGE: 1. NUDGE stands for Non-Intrusive Usage of Data…
No Permanent Establishment In India, Booking. com’s ₹3,960 Cr Commission Not Taxable: ITAT
No Permanent Establishment In India, Booking. com’s ₹3,960 Cr Commission Not Taxable: ITAT Booking. com Versus ACIT Case No.:…
Making March Meaningful – Because 31st March Doesn’t Come with an Extension!
Making March Meaningful – Because 31st March Doesn’t Come with an Extension! In cricket, the last few overs often…
Updated Return Allowed Even After Reassessment Notice – A Fresh Compliance Window under Finance Bill 2026
Updated Return Allowed Even After Reassessment Notice – A Fresh Compliance Window under Finance Bill 2026 The concept of…
Advance Tax under the Income Tax Act, 2025: Who Must Pay, Instalment Dates, and Interest Implications
Advance Tax under the Income Tax Act, 2025: Who Must Pay, Instalment Dates, and Interest Implications The concept of…
Compliance Calendar for March’2026
Compliance Calendar for March’2026 INCOME TAX – 07th March 2026- Due date for deposit of Tax deducted and collected…
GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court
GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court Tax litigation often begins…
Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check
Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check Every Budget season, salaried taxpayers wait for…
Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies
Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies …
Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law
Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law In a significant…
More Time to Correct, But at a Cost: The New Updated and Revised Return Rules
More Time to Correct, But at a Cost: The New Updated and Revised Return Rules We all make mistakes.…
Assessment Void if 143(2) Notice Issued by Wrong AO: ITAT Mumbai Quashes Order in Vinod Ramnath Rao Case
Assessment Void if 143(2) Notice Issued by Wrong AO: ITAT Mumbai Quashes Order in Vinod Ramnath Rao Case In…
ITAT Rajkot Takes Practical View in Section 80GGC Case: Full Disallowance Dropped, Addition Restricted to 10%
ITAT Rajkot Takes Practical View in Section 80GGC Case: Full Disallowance Dropped, Addition Restricted to 10% In an interesting…
Reassessment in Name of Deceased Person Is Void Even If Death Not Intimated: ITAT Mumbai Quashes Entire Proceedings
Reassessment in Name of Deceased Person Is Void Even If Death Not Intimated: ITAT Mumbai Quashes Entire Proceedings In…
