Income Tax

News, Blog, Income Tax

November 20, 2024

CBDT Authorises Pr. CIT/CIT to Admit and Deal with Applications for Condonation of Delay in Filing of Form 10-IC/ID

Circular No. 17 /2024, dated … Continue reading “CBDT Authorises Pr. CIT/CIT to Admit and Deal with Applications for Condonation of Delay in Filing of Form 10-IC/ID”

Blog, News, Income Tax

November 20, 2024

CBDT Specifies Authorities to Deal with Applications for Condonation of Delay in Filing Forms 9A, 10, 10B & 10BB

Circular 16/2024, dated 18-11-2024 The … Continue reading “CBDT Specifies Authorities to Deal with Applications for Condonation of Delay in Filing Forms 9A, 10, 10B & 10BB”

Blog, News, Income Tax

November 19, 2024

FA 2022 Amendment Allowing Discontinuation of Section 80DD Deposits Couldn’t Be Applied Retrospectively | SC

Case Details: Ravi Agrawal vs. … Continue reading “FA 2022 Amendment Allowing Discontinuation of Section 80DD Deposits Couldn’t Be Applied Retrospectively | SC”

Blog, News, Income Tax

November 19, 2024

Delay in Filing ITR Condoned for 84-Year-Old NRI Due to Technical Issues Preventing E-Verification

Case Details: Santoshkumari Darshanlal Chopra … Continue reading “Delay in Filing ITR Condoned for 84-Year-Old NRI Due to Technical Issues Preventing E-Verification”

Blog, News, Income Tax

November 18, 2024

Compensation Awarded for Land Acquired Under Provisions of Karnataka Highways Act Not Exempt from Tax Under RFCTLARR Act

Case Details: Commissioner of Income-tax … Continue reading “Compensation Awarded for Land Acquired Under Provisions of Karnataka Highways Act Not Exempt from Tax Under RFCTLARR Act”

Blog, News, Income Tax

November 18, 2024

No Sec. 13 Violation If a Trust Provides Interest-Free Loan to Another Trust with Similar Objects and Trustees | ITAT

Case Details: Income-tax Officer vs. … Continue reading “No Sec. 13 Violation If a Trust Provides Interest-Free Loan to Another Trust with Similar Objects and Trustees | ITAT”

Blog, News, Income Tax

November 16, 2024

AO Can Consider Info Relatable to Evidence Found During Search for Making Block Assessment | HC

Case Details: Mange Ram Mittal … Continue reading “AO Can Consider Info Relatable to Evidence Found During Search for Making Block Assessment | HC”

Blog, News, Income Tax

November 15, 2024

Benami Act Bars Claim of Ownership Without Documents Showing Fiduciary Property Purchase | HC

Case Details: Paramjit Singh vs. … Continue reading “Benami Act Bars Claim of Ownership Without Documents Showing Fiduciary Property Purchase | HC”

News, Blog, Income Tax

November 15, 2024

[Opinion] Tax Order Frozen, Bank Locker Unfreezed

Meenakshi Subramaniam – [2024] 168 … Continue reading “[Opinion] Tax Order Frozen, Bank Locker Unfreezed”

Blog, News, Income Tax

November 14, 2024

CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption

Notification No. 118/2024, dated 12-11-2024 … Continue reading “CBDT Notifies ‘Petroleum and Natural Gas Regulatory Board’ for Sec. 10(46A) Exemption”