F & O Taxation

Recent Posts

• Mumbai ITAT upholds Taxpayer’s right to legitimate tax planning
• Benefit of cost inflation index is available even in respect of foreign assets.
• Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148 notice: Mumbai ITAT
• NRI Landlords Can Consider This ‘Tax Hack’ to Resolve Money Stuck in TDS Deducted by Tenants
• Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified: Mumbai ITAT
• Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be quashed and set aside.
• 10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit has already expired: Delhi HC
• Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
• Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
• GST Advisory: Reporting Differences in Tables 8A & 8C for FY 23-24