Income Tax

CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB

1 year ago

CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail…

Income Tax

Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?

1 year ago

Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case? Introduction:…

Income Tax

If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.

1 year ago

If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person…

Income Tax

If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC

1 year ago

If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded:…

Income Tax

Joint Development Agreement under the spotlight of the Income Tax Department

1 year ago

Joint Development Agreement under the spotlight of the Income Tax Department In a significant move, the Central Board of…

Income Tax

Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC

1 year ago

Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding:…

Income Tax

Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad

1 year ago

Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad …

Income Tax

AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA

1 year ago

AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai…

Income Tax

CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.

1 year ago

CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs. The CBDT…

Income Tax

How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past

1 year ago

How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past 1. LTCG tax…

Income Tax

No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period

1 year ago

No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period Here is an interesting…

Income Tax

CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year.

1 year ago

CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year. On November 16, 2024, the…

Income Tax

Bombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors

1 year ago

Bombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors Hindustan Unilever Ltd. (WRIT PETITION…

Income Tax

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years

1 year ago

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year…

Income Tax

Whether exemption in the case of leave encashment is applicable to resignation too?

1 year ago

Whether exemption in the case of leave encashment is applicable to resignation too? 1. As per Section 10(10AA) of the…

Income Tax

Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court

1 year ago

Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court …

Income Tax

The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification

1 year ago

The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification The Hon’ble Bombay…

Income Tax

Joint Development Agreement & Reduced LTCG rate of 12.50%

1 year ago

Joint Development Agreement & Reduced LTCG rate of 12.50%. Joint Development Agreement (JDA) has emerged as a popular and…

Income Tax

CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB

Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?

If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.

If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC

Joint Development Agreement under the spotlight of the Income Tax Department

Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC

Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad

AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA

CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.

How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past

No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period

CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year.

Bombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years

Whether exemption in the case of leave encashment is applicable to resignation too?

Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court

The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification

Joint Development Agreement & Reduced LTCG rate of 12.50%

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