AO can’t import definition of ‘Relative’ from section 56 to invoke section 40A(2)
AO can’t import definition of ‘Relative’ from section 56 to invoke section 40A(2) Recently, Allahabad bench of the Income Tax…
disallowance u/s 40A
Recent Posts
- AI vs. Tax Evasion: The Success of NUDGE:
- No Permanent Establishment In India, Booking. com’s ₹3,960 Cr Commission Not Taxable: ITAT
- Making March Meaningful – Because 31st March Doesn’t Come with an Extension!
- Updated Return Allowed Even After Reassessment Notice – A Fresh Compliance Window under Finance Bill 2026
- Advance Tax under the Income Tax Act, 2025: Who Must Pay, Instalment Dates, and Interest Implications
- Compliance Calendar for March’2026
- GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court
- Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check
- 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
){kind=link}
&description=&image=https://thetaxtalk.com/wp-content/uploads/2021/03/Untitled-3141-1.jpg){kind=link}