Hire Charges of vessel does not constitute ‘Royalty’ under India-Singapore DTAA
Hire Charges of vessel does not constitute ‘Royalty’ under India-Singapore DTAA As held by the Hon’ble Delhi Tribunal in…
Income Tax
Crypto Gains Before 2022 : ITAT Clears the Fog on Tax Treatment
Crypto Gains Before 2022 : ITAT Clears the Fog on Tax Treatment The Jodhpur ITAT, in Raunaq Prakash Jain vs.…
Transfer of jurisdiction under section 127: Non-disclosure of reasons or failure to provide a hearing to the assessee renders the transfer order invalid.
Transfer of jurisdiction under section 127: Non-disclosure of reasons or failure to provide a hearing to the assessee renders the…
No Capital gain exemption where more than one flat purchase is on separate floors, located at diagonally opposite ends of the same tower.
No Capital gain exemption where more than one flat purchase is on separate floors, located at diagonally opposite ends of…
Guidance Note 2/2024 on provision of the Direct Tax Vivad se Vishwas Scheme 2024
Guidance Note 2/2024 on provision of the Direct Tax Vivad se Vishwas Scheme 2024 The copy of the Circular…
Where the basis of appeal is the ITR, the appeal would be dismissed, if the return is invalid: ITAT Chandigarh
Where the basis of appeal is the ITR, the appeal would be dismissed, if the return is invalid: ITAT Chandigarh…
Transfer of Funds or Assets to a Family Trust with Non-Resident Beneficiaries: Need to have a cautious approach.
Transfer of Funds or Assets to a Family Trust with Non-Resident Beneficiaries: Need to have a cautious approach. Recently,…
Indian Resident is entitled to claim indexation benefit on sale of foreign assets while computing long term capital gains under Section 45
Indian Resident is entitled to claim indexation benefit on sale of foreign assets while computing long term capital gains under…
Before 31st Dec’ 2024 ends – Tax Compliances checklist
Before 31st Dec’ 2024 ends – Tax Compliances checklist Ah, December. The month of cold festive cheer, last-minute gift shopping,…
Actual write – off of bad debts in the books is sufficient for claiming the deduction – There is no need for evidence to substantiate claims of bad debts.
Actual write – off of bad debts in the books is sufficient for claiming the deduction – There is no need…
Reimbursement of employer related expenses is not an income for the Employees:
Reimbursement of employer related expenses is not an income for the Employees: Introduction: 1. The term “reimbursement” has not been…
Delhi HC asked CBDT to consider eligibility of VSVS 2024 by those taxpayers wherein statutory timelimit to file appeal has not expired on 22.7.2024.
Delhi HC asked CBDT to consider eligibility of VSVS 2024 by those taxpayers wherein statutory timelimit to file appeal has…
Ensuring Independence of Auditor: Absolutely Amazing Representation by Chartered Accountants Association, Surat
Ensuring Independence of Auditor: Absolutely Amazing Representation by Chartered Accountants Association, Surat Ref: CAAS/Representations/2024-25/03 …
7 days delay in depositing unspent CSR amount of Rs.68.48 lakhs to PM Cares Fund – Penalty of Rs.1.06 crores was imposed:
7 days delay in depositing unspent CSR amount of Rs.68.48 lakhs to PM Cares Fund – Penalty of Rs.1.06 crores…
Order passed by CIT (A) without reasoning on the issues on merits is clearly in violation of section 250(6) of the Act and liable to be set side: ITAT Agra
Order passed by CIT (A) without reasoning on the issues on merits is clearly in violation of section 250(6) of…
Mumbai ITAT upholds Taxpayer’s right to legitimate tax planning
Mumbai ITAT upholds Taxpayer’s right to legitimate tax planning ACIT Circle 4(1)(1), Mumbai vs. Ranu Vohra (ITA No.412/Mum/2024) Facts:…
Benefit of cost inflation index is available even in respect of foreign assets.
Benefit of cost inflation index is available even in respect of foreign assets. Mumbai Tribunal in the case of…
Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148 notice: Mumbai ITAT
Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148…
